Bruce & Martha Karsh Help Competitive KIPP High School Graduates At Duke University With $5 Million Gift in Need Based Financial Aid


Check this out everyone! The Karsh family in the middle “political season ratings and national babbling about youth development solutions is creatively and financially helping fellow Americans with a leg up by “puts their money where their values are.” According to Duke Today (a university-based newspaper) trustee Bruce Karsh and wife, Martha  have designated $5 million to create a “KIPP at Duke” endowment that will provide financial aid for tuition, program enrichment, advising and other support for graduates of the Knowledge Is Power Program (KIPP)  http://www.kipp.org/ who are accepted and matriculate at Duke. KIPP is a network of college-preparatory public schools in underserved communities throughout the nation.

The gift will add $15 million to the existing Karsh Scholarship Fund for financial aid for U. S. students, and will also create a $10 million dollar-for-dollar challenge to encourage other donors to establish their own named, need-based undergraduate scholarships for U.S. students.

The Philanthropic Foundation Center says that the gift includes $30 million for U.S. students and that more than half the university’s undergraduate population receives some form of financial assistance.

The Karshes have designated $5 million of the former to create a KIPP at Duke endowment that will provide financial aid for tuition, program enrichment, advising, and other support for graduates of the Knowledge Is Power Program who are accepted and matriculate at Duke.

Bruce Karsh, a 1977 Duke graduate, is president of Oaktree Capital Management and chairs the board of directors of DUMAC, LLC, which manages the university’s endowment. Martha Karsh is an attorney and a member of the advisory board for KIPP LA Schools.

“We are deeply grateful to the Karshes for this remarkable gift and for the way they have championed one of the university’s highest priorities,” said the university’s president, Richard H. Brodhead. “This gift helps safeguard our commitment to keeping a Duke education accessible to students from a wide range of backgrounds, even as the economy continues to recover. It also opens our door to the best and brightest students from around the world, creating a richer learning environment for all Duke students.”

The gift will add $15 million to the existing Karsh Scholarship Fund for financial aid for U. S. students, and will also create a $10 million dollar-for-dollar challenge to encourage other donors to establish their own named, need-based undergraduate scholarships for U.S. students.

Follow this up and find a KIPP school or program kid and let them know what’s up!

http://foundationcenter.org/pnd/news/story.jhtml?id=362900006

http://today.duke.edu/2011/12/karsh

Advertisements
Categories EducationTags , , , , , , , ,

Thank You for Visiting Tell Others...And Please Leave a Reply to This Story.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close