A GIFT THAT KEEPS ON GIVING

We are grateful for all gifts, both large and small, that so many give, often without even being asked.

Crandall University has always depended on the generosity of supporters in order to keep a Crandall educational experience affordable for our students.

As you may know, hundreds of individuals, churches, businesses, and foundations give toward our annual Operating Fund each year to ensure that students do not have to pay the full cost of operating the University. We are grateful for all gifts, both large and small, that so many give, often without even being asked.

In addition to gifts to the annual Operating Fund, an increasing number of donors, like Penny and I, are also setting up endowed funds to support our students. Unlike an Operating Fund gift which is given and spent in the same year, a gift for endowment purposes is used to set up a fund from which the annual income is used to support a project that both the donors and the University have agreed upon.

I am pleased to share that Jack (’52) and Grace Stultz recently provided the University with the largest endowment gift in its history! Jack, a highly-respected Moncton-based businessman, served on Crandall’s Board for 36 years before serving as Chancellor for five years. Currently, he serves as Chancellor Emeritus. Jack and Grace have long had a love for the students of the University and an appreciation for how much a good quality chapel program can contribute to a student’s spiritual growth. Their gift is designed to cover the cost of operating our popular chapel program. Annual income from their gift will pay the salary of the Dean of the Chapel and the Director of Worship Arts, and it will provide scholarships for students admitted to our new Worship Apprenticeship program.

I am deeply appreciative of the example that Jack and Grace have set. Their example is a reminder that many of us have the capacity to bless students today and into the future by establishing or contributing toward an endowment fund to support scholarships, an academic chair, or a particular program or initiative. Many of us can begin a fund now that we can contribute to monthly, annually, or through our estate. An endowment gift is a gift that keeps on giving, benefiting Crandall students for generations to come.

Dr. Bruce Fawcett ('88) has served as President and Vice Chancellor since 2012.