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Funding the Future of Ministry

The Financial Aid Initiative continues across Duke University as we seek to raise $300 million  in new funds for scholarship endowment. The Divinity School’s goal of $10 million is ambitious and greatly needed as a minimum for new permanent resources to be committed by the Dec. 31, 2008, deadline.

The David E. and Terry B. Lupo Scholarship Endowment has been established with a gift and pledge commitment of $250,000 from David Lupo T’76, D’83 and his wife, Terry B. Lupo, of Mount Pleasant, S.C. The endowment is “in appreciation for Duke education and friendships and to encourage and enable the preparation of ministerial leadership of the highest quality for the church and for the state of South Carolina.”

A charitable gift annuity of $100,000 will fund an endowment thanks to the generosity of Rod Randolph D’61 of Morganton, N.C. The Randolph Fund name and purpose have yet to be determined.

An additional gift of $75,000 from Norman Bisanar of Concord, N.C., has been received for the Elizabeth Snyder Bisanar Scholarship, which was established in 1995 in memory of his wife.

Other gifts to fully endowed scholarships include $25,000 from Kathleen Carson of Sparta, N.J., for the William L. Carson Scholarship; $15,000 from Bill and Jane Pettibone of Bloomfield Village, Mich., for the William L. Ritter Scholarship; $10,000 from the C.M. Herndon Foundation of Durham, N.C., for the Clair M. and Mary D. Herndon Memorial Scholarship; $10,000 from Kristin Herzog of Durham, N.C., for the Frederick Herzog Memorial Endowment; and $10,000 from Elwood Shaulis of Whispering Pines, N.C., for the Freida Bennett Shaulis Scholarship.

Senior Class Gift Tops Goal

With a participation rate of 72 percent, one of the highest for a graduating class, the Divinity School’s senior class met the Alumni Council’s “$2,008 in 2008” challenge to support student financial aid.

Director of Development Jami Moss Wise congratulated both the senior class and the Alumni Council for “encouraging new alumni gifts and preparing the way for greater alumni participation in the future.”

The Annual Fund goal for the fiscal year, which ends June 30, is an overall alumni participation rate of 35 percent.

Additional new endowment gifts include $500,000 from the Westbrook Family Foundation and $500,000 from the Dade Community Foundation, both in Miami, Fla., for the Esther T. Colliflower Directorship for the Duke Institute on Care at the End of Life. An additional $2.5 million has been pledged through these entities for support of the institute over the next four years by Hugh Westbrook D’70 and his wife, Carole Shields Westbrook.

A commitment of $500,000 for the Duke Youth Academy for Christian Formation from Leonard and Rose Herring of North Wilkesboro, N.C., will provide scholarship endowment and program support for this vital program now in its seventh year.

Royce and Jane Reynolds of Greensboro, N.C., have given $100,000 in support of the education of exceptional ministerial leadership through a new Reynolds Fellows Program.

A $50,000 commitment from David and Virginia Steinmetz of Durham, N.C., will inaugurate the Steinmetz Endowment Fund, which will provide unrestricted support
anticipated to underwrite annual lectures in historical theology.

   “The extraordinary support we enjoy from generous graduates and friends of the Divinity School allows students to give full attention to their work with less anxiety about debt,” said Dean L. Gregory Jones. “These gifts enable and encourage excellent learning and leadership for the sake of the gospel, strengthening the church of Jesus Christ. We are profoundly grateful.”

For information on opportunities and needs and how to support the Divinity School through outright and planned gifts, please call Wes Brown, Jami Moss Wise or Robin Fowler at (919) 660-3456.