Endowed Funds
Endowed Funds began at Clark University with its very founding. The pledges made by Jonas Clark to establish the University totaled $1.5 million, with another $.5 million for endowed professorships contingent upon gifts from others. This was one of the largest gifts made anywhere during the lifetime of the donor.
After Jonas Clark's death, an additional endowment from his estate increased the endowment for the graduate school and the support of the library. It also provided for the establishment of the undergraduate college and encouraged support from others to build the endowment. After Susan Clark's death, the Clark collection of paintings, sculpture, and rare books came to campus. Following her husband's lead, Susan Clark named the University as a residual beneficiary of her estate, adding to the endowment.
Alumni and Friends have continued this noteworthy tradition of endowment giving to Clark University. Many have endowed a named fund in honor or memory of a loved one. These funds create a lasting tribute to a parent, child, spouse, close friend, or cherished professor.
90% of Clark students receive some form of financial aid, of which the named endowed undergraduate scholarships in the Alumni and Friends Scholarship Fund play a huge role. Gifts for unrestricted endowment also play an especially important role in strengthening Clark's Finances.
Clark University acknowledges its deep gratitude to the alumni, parents and friends of Clark who have made possible our named endowed funds. Their generosity reflects the longstanding tradition of financial support by past generations for present and future generations of Clark students. Thanks to the generous support of all these individuals, the University is able to continue to make a Clark education accessible to outstanding students who could not afford it otherwise.
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Clark Endowed Funds
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Richard L.H.D. (hon) ’01 and Margaret Traina pictured with Actors from the London Stage, Andy Greenhalgh, Martin Parr , Nicola Alexis, Victor Gardener and Louise Yates who were on campus as part of a week-long residence at made possible by The Margaret W. and Richard P. Traina Endowed Fund for Shakespeare and the Arts. The fund, established in 2004, brings a Shakespeare performance group to campus every other year for public performances, workshops and classroom discussion. |
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