SVC Receives over $2 M in Grants
Southern Vermont College has received more than $2 million in gifts in the 100 days that will support scholarships, resources for faculty and staff, and give the campus a new landmark entrance and gate. The donations of cash and property have been given by three members of the College’s Board of Trustees, as well as a charitable fund, three charitable trusts and a new donor.
The largest gift, indeed the largest in the College’s history, is $1.225 million – $1.0 million via the Fidelity Charitable Gift Fund and $225,000 through a charitable trust, at the recommendation of an anonymous donor. These funds will support scholarships and financial aid for the Mountaineer Scholars, a program designed for first-generation and low-income college students.
SVC alumnus Ira Wagner and his wife, Marcia, of Bethesda, Md., have purchased the Gate House located at the entrance to the campus. It will be renovated and leased to SVC at a nominal cost. Plans for the building are still in development. This generous donation is in addition to the gift of $250,000 from the Wagners in April.
Chair of the SVC Board of Trustees Deborah Wiley has donated $175,000 in support of SVC’s continued growth and achievements.
Two other gifts totaling $35,000 from SVC Trustee John Baackes, President of AmeriHealth Medicare Plans, Philadelphia, Penn. will also be utilized to support student programs. An additional gift of $80,000 from the Milton & Dorothy Sarnoff Raymond and Alice Shaver foundations will support international travel for academic programs for students and faculty.
“These donations will support the invaluable programs SVC provides, such as our new Veterans’ Scholar Program, and needed resources for faculty and staff development,” explained Karen Gross, President of SVC. “I am grateful to our generous trustees and other supporters for their continued belief in SVC and its mission. This news is a wonderful way to begin this upcoming academic year. We are adding additional programs, providing support for our existing and new faculty and staff, expanding our physical footprint, and launching competitive athletic teams. We are proud that all of our new efforts will provide our current and prospective students with immediate and long-lasting benefits.”