Kentucky College Receives $250 MillionBy: Tanya Rice - July 30, 2013
Ranked as one of the top 20 largest donations in U.S. history to a college or university was a 250 million dollar donation. It was awarded to Centre College in Danville, Kentucky. The gift was received from the A. Eugene Brockman Charitable Trust.
Centre College located in a small picturesque town in Kentucky is ranked 52nd nationally among liberal arts colleges in last year’s ratings from U.S. News & World Report., and is ranked fifth in best undergraduate teaching and alumni giving. It also boasts an impressive resume which includes two Vice Presidents and two U.S. Supreme Court Justices.
The all-stock donation will be used for scholarships for majors such as economics, computational sciences and natural sciences. John A. Roush, Centre College President said the gift, which comes in the form of stock in Universal Computer Systems Holding Inc., represents a “fundamental transformation” in the school’s ability to support students demonstrating leadership potential.
A total of 40 new Brockman Scholarship will be awarded starting in the fall of 2014. Each year students majoring in economics and in the natural land computational sciences will be eligible for these scholarships. The merit based scholarships will cover tuition, room and board and fees. Also awarded will be monies to study abroad, summer research and internships.
The Brockman Scholarship receives it’s title from Bob Brockman president and CEO of the Reynolds and Reynolds Company. He formed the charitable trust in 1981 after he witnessed the impact that the college had on his son Robert T. Brockman a Centre graduate and former chairman of the school’s board of trustees.