Vincennes Foundation Receives Largest Single Gift

Posted: Updated:
Vincennes is Indiana's oldest university. Vincennes is Indiana's oldest university.
VINCENNES -

The Vincennes University Foundation has received what it says is the largest individual donation in its history. The foundation says the $4.5 million gift from Alexandra Page Clark will benefit students in the Practical Nursing and Music programs at VU.

The Alexandra Clark and Oscar Dunn Scholarships include a $3.5 million permanent scholarship endowment for students studying music and performing in the band or other music ensembles, and a $1 million endowment for students pursuing the one-year certificate to become a licensed practical nurse.

The university says financial need and the student's desire to learn will be considered as greater factors than high scholastic achievements in determining the scholarship recipients, per the wishes of Clark. The scholarships will also help fill the gap where the recipient needs the most assistance, such as housing or other college expenses.

"This gift represents a historic level of support for Vincennes University. We have been fortunate to have a long-standing relationship with the Clark-Dunn family and are humbled by their generosity," said VU President Chuck Johnson. "A gift of this magnitude will have a multi-generational impact on VU, our students, their families, and the communities we serve."

Clark passed away in 2017. The gift also comes in the name of her husband, Oscar Dunn, who established a scholarship with the foundation 30 years ago that awards mathematics students and band members at Vincennes Lincoln High School who are planning to attend VU.

"Alexandra Clark and Oscar Dunn have created a legacy that demonstrates stewardship at an inspiring level," said Kristi Deetz, interim director of the foundation. "They had a strong affinity for Vincennes University and were passionate about the sciences and performing arts. Thanks to their kindness, more students will be presented the opportunity to turn their potential into reality."

  • Perspectives

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Butler University)

      Aramark to End Operations at Butler

      Aramark Educational Services LLC has detailed plans to lay off 200 workers in Indianapolis. In a notice to the state, the company says the decision is the result of Butler University not renewing its contract to provide food services on the campus.

    • Metal Powder Products has Indiana operations in Noblesville and Campbellsburg.

      Manufacturer Growing Noblesville Operations

      Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China. MPP says it has already hired 51 employees as part of the...

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    • Ting Gootee is the chief investment officer for Elevate Ventures.

      Indiana Lags Behind Neighbors on VC Investment

      A new report from Indianapolis-based Elevate Ventures says Indiana remains behind other states in the Midwest for venture capital investment. The 2018 Indiana Venture Report shows the state accounted for only 0.22 percent of all venture capital dollars last year. Ting Gootee, chief investment officer at Elevate, says while there is room to grow, Indiana is on the right path. In an interview with Inside INdiana Business, Gootee said a venture community requires different...

    • Chandler Speedway Auction Postponed

      The Chandler Speedway auction scheduled for this week has been canceled. Our partners at WEHT-TV report that track owner Reno Fontana has filed for bankruptcy in order to put a freeze on any debt collection, including sheriff's sales.