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Texas Tech Receives New Funding for Endowed Scholarships and Chairs

2007 is off to a brisk start in with several sizable gifts for endowed scholarships and chairs in various departments across campus.

Development

Written by Gary Vaughn

“It is encouraging to see not only the establishment of new endowments but also to see that existing endowments are increasing,” said Kent Hance, chancellor of the Texas Tech University System. “These endowments for both scholarships and a faculty endowed chair are vital if Texas Tech is to continue to grow and attract the very best students and faculty. I am thankful for the donations our friends have made to our great university.”

AGRICULTURAL SCIENCES AND NATURAL RESOURCES

Bob and JoAnn Hopper made a planned gift of $750,000 to the College of Agricultural Sciences and Natural Resources to be used for scholarships for students in animal science and agriculture finance. Plains Cotton Growers pledged $500,000 to be used for matching funds toward a $1 million endowed chair in agricultural competitiveness in the Department of Agricultural and Applied Economics.

GRADUATE SCHOOL

The Graduate School received a $250,000 gift from the Helen Jones Foundation for the Helen DeVitt Jones Graduate Part-Time Scholarship.

ENGINEERING

Alan Smith donated $100,000 to Petroleum Engineering to establish an endowed scholarship in his name. Will Hagood added $100,000 to the William and Karen Hagood Endowed Scholarship endowment. Fred Yeatts gave stock valued at just under $100,000 for scholarships to the College of Engineering. Terry and Linda Fuller gave $35,000 to establish the Robert George Schlinkman Scholarship Endowment in memory of Linda’s father. And Buddy Sipes donated stock valued at nearly $25,000 to add to the Buddy Sipes Engineering Scholarship Endowment.

SCHOLARSHIPS

Two merit scholarships were increased to the Presidential Endowed Scholarship level of $100,000 or more. The Lou Diekemper and Bob and Elena Brown endowments both increased to the Presidential Endowed Scholarship level and Beverly Pevehouse created a new presidential level endowment.

Three opportunity scholarships given to students who show financial need also have received additional funding.  The MS Doss Foundation provided an increase of $100,000, the Panhandle Plains Student Loan Corporation increased $25,000 and the Moncrief Foundation increased by $100,000.

For more information on creating or adding to an endowment or making an outright scholarship contribution, contact the Office of Institutional Advancement. (806) 742-1780