Furman Gets $17 Million Grant
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STAFF & FURMAN UNIVERSITY
Published: October 6, 2008
Furman University is the proud recipient of a $17 million grant from the Duke Endowment. The grant will help create a scholarship program for out-of-state students to attend the university. This donation is the largest single cash gift in Furman’s history. $14 million will go to establish the Charles H. Townes Scholarship program, which is named in honor of the Furman alumnus and trustee who received the 1964 Nobel Prize in Physics and the 2005 Templeton Prize.
The remaining $3 million will be used to provide professorships for the Department of Asian studies.
“We believe these grants are an excellent way to continue Mr. Duke’s vision and hope for Furman University because he did believe so strongly
that Furman matters, not only in South Carolina but in the Carolinas and the nation generally,” said Russell M. Robinson II, chairman of the Endowment’s board.
“Over the past 80 years we have tried to support that vision with grants for Furman’s special areas of interest and capability. Our hope is that Furman alumni and friends will be inspired to follow suit in supporting these and other strategic campaign objectives.”
This is the second major gift provided by The Duke Endowment. The Endowment made a $15 million commitment in 2006, the majority of which helped finance the new Charles H. Townes Center for Science.
Both grants support “Because Furman Matters.“ It’s the university’s $400 million fundraising campaign.
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