President Michael S. Roth and Professor Kari Weil have made a $100,000 gift to Wesleyan in support of endowment for financial aid.
In announcing the gift, Joshua Boger ’73, chair of Wesleyan’s board of trustees, said: “I can’t thank Michael and Kari enough for their generosity. Their gift represents the kind of ‘stretch gift’ that we are frequently soliciting from other alumni and their families, and I hope that all members of the Wesleyan community will follow their lead in making Wesleyan a philanthropic priority. Their support of financial aid underscores Michael’s and Kari’s superb leadership and dedication to Wesleyan’s success.”
Scholarship endowment is Wesleyan’s highest fundraising priority. Wesleyan has long sought to provide access to students regardless of their financial means. In 2011–12, Wesleyan will spend $47 million on financial aid.
Soon after he came to Wesleyan in 2007, President Roth established a policy of eliminating loans in favor of outright grants for most students with a family income below $40,000. The policy also reduced the amount of loans required in all final aid packages by about 35 percent. This effort and all of Wesleyan’s financial aid grants, including a special scholarship program for veterans, are supported by gifts from alumni, parents and friends.
“Wesleyan’s deep and long-standing commitment to supporting financial aid reflects our belief that we should seek out the best students regardless of what their families can afford,” says President Roth. “The result is a campus community based on equality and freedom, where differences emerge from talent, ambition and creativity.”