Purdue Adds to 'Back a Boiler' Program

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Purdue University has announced a new philanthropic component to its Back a Boiler initiative, which gives students an alternative to help pay for their education. Students taking part in the initiative may also apply for funding support from the new Pave the Way program beginning this fall.

Back a Boiler is an income share agreement initiative, launched last May, in which students can receive education funding in exchange for an agreed-upon percentage of income the students earn after graduation. The Pave the Way program expands Back a Boiler by allowing donors to participate as well as investors.

Students who participate in Pave the Way will be asked to make a voluntary pledge and, after graduation, are encouraged to donate to Purdue through charitable giving. The idea for Pave the Way came from Purdue alumni Bob and Patti Truitt, who made the initial commitment to the program.

"Our hope is that we can not only help students finance their education, but also help teach the importance of charitable giving, including the joy and importance of giving back to Purdue," said Bob Truitt, a 1962 Purdue graduate.

The university says the Pave the Way program will create an evergreen fund to benefit future students.

"It’s what we like to call a virtuous cycle," said Amy Noah, vice president for development at the Purdue Research Foundation. "We’re grateful to Bob and Patti for establishing an ongoing legacy of philanthropy, and we’re hopeful that our generous alumni and friends will be interested in supporting future generations of Boilermakers through this new way of giving to Purdue."

You can learn more about the Pave the Way program and the Back a Boiler initiative by clicking here.

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