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< Back To Archive![]() Crea & Philip Lintilhac have sponsored a $1 million scholarship challenge. |
09.29.04 LINTILHAC FOUNDATION CONTRIBUTES $1 MILLION FOR UVM SCHOLARSHIP CHALLENGE
Students seeking financial assistance to attend the University of Vermont will be the beneficiaries of a $1 million challenge grant to UVM from Vermont's Lintilhac Foundation. The gift will be used to grow the number of endowed scholarships at UVM by offering donors an incentive to give. UVM sets a minimum threshold of $100,000 to establish a named, endowed scholarship. The Lintilhac challenge offers to match fifty percent of scholarship gifts starting at $67,000, enabling those donors to meet the $100,000 threshold and sponsor a named and endowed scholarship. Crea and Philip Lintilhac of Shelburne, Vermont, are both graduates of the University of Vermont and made the gift in support of the university's $250 million comprehensive campaign. "It is always easy to give to a pet project, but we want to do something that will help the university with its top priorities, and it is clear that student scholarships are the greatest area of need," said Crea Lintilhac. "The challenge encourages donors who haven't given at this level to stretch a bit and take advantage of a naming opportunity." Philip Lintilhac has been a member of the UVM faculty since 1976, and he sees scholarship support as key to the university's future. "Quite simply, broadening the base of scholarship assistance enables us to offer support to outstanding students who might otherwise go elsewhere," he said. "We hope our gift will catalyze scholarship support from others, as well." As of August 27, 2004, the university had raised $163,474,187 of its $250 million campaign goal, or 65 percent of the total. The goal for student scholarships is $105,000,000 of which $46,572,422, or 44 percent, has been achieved. The halfway point in the campaign timeline was reached on June 30, 2004. |
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