Annual Report 2007-08
Funds for Opportunity
Just a week into her freshman year, Mary Anderson had experienced
two pleasant surprises.
One was finding herself discussing Impressionist painting at the chancellor’s residence with Leah Hemenway, the chancellor’s wife.
She was there to meet Chancellor Robert Hemenway and her fellow 2008 Chancellors Club Scholars. She and the 15 other new scholars got acquainted and learned about the source of their scholarships, the role of KU Endowment and the importance of private support in KU’s success.
Mary’s other surprise actually came first: the award itself. Students don’t apply for these prestigious scholarships; the Office of Admissions and Scholarships selects them.
“Our Internet was down one day. I went to the library to check email and found out I had a scholarship,” she said.
Each year, the Chancellors Club awards $10,000 in renewable scholarships to 16 outstanding freshmen who were National Merit finalists and have a record of service and leadership. Support comes from the Greater
KU Fund and similar funds with no restriction.
In addition to scholarships, gifts to the Greater KU Fund provide support for which no other funding is available. They help create a transformative experience for students and faculty.
Support through the Greater KU Fund
Gifts to one of the flexible-use funds maintained at KU Endowment, such as the Greater KU Fund, are not restricted as to their use. The chancellor identifies projects to receive support from these funds, subject to the approval of the KU Endowment Executive Committee. In FY08, KU Endowment was able to provide $8.67 million in flexible funding — a 30 percent increase over last year.
