Alum gives $2 million gift to the University of Kansas
August 28, 2013
Many times, former students try to avoid fundraising phone calls from their alma maters. Many of these people are not only in debt after receiving their degrees, but they also have necessary expenses of their own with which to contend. However, if alumni have been particularly successful, many are able to give back to the university in a big way.
This is the case currently in Kansas, where alumnus and medical device inventor Gene Feaster recently gave the University of Kansas a $2 million gift. Half of the sum will go toward the establishment of the Ida Johnson Feaster Professorship in the KU School of Nursing in honor of Feaster's late wife who also graduated from the institution. The remainder will create two endowed scholarship funds.
"I hope that somebody doesn't have to work quite as hard as I did to make it from point A to point B," Feaster stated.
The school has been the recipient of numerous donations lately. In October 2012, School Construction News reported that the institution was given a gift of $20 million by the Capitol Federal Foundation of Topeka to break ground on a new building for its School of Business.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.