William & Mary receives $1 million gift from Goldman Sachs| May 4, 2012
Wide-reaching gift supports student scholarships and faculty
A $1 million gift from Goldman Sachs Gives, the firm’s donor-advised fund, will provide scholarship assistance for students, support faculty research, and fund a term professorship at the College of William & Mary, officials announced today. The gift was made at the recommendation of Craig W. Broderick, an alumnus of William & Mary and the chief risk officer at Goldman Sachs.
“We are beyond grateful for this magnificent gift, which so perfectly corresponds with two of our most pressing priorities — increasing the availability of financial aid for students and promoting teaching excellence,” said William & Mary President Taylor Reveley. “If William & Mary is to remain an institution of choice for promising teachers, researchers and scholars, such support for our outstanding faculty and students is unequivocally vital.”
Broderick studied economics at the College and his wife, Camille, studied biology. They are both members of William & Mary’s Class of 1981.
“William & Mary represents an incredible community of scholars and researchers and I want to see it continue to flourish and advance,” said Broderick, who serves on The College of William & Mary Foundation Board of Trustees. “Camille and I are grateful for our experiences at the College and the impact it has had on our lives. We want future generations of students to gain experience at William & Mary and use it to make a positive difference after they graduate.”
The gift includes $250,000 in additional support for the Robert B. Archibald and David H. Finifter Scholarship Endowment, which the Brodericks established in 2010 in honor of two William & Mary economics professors. The endowment provides need-based scholarship support for students studying economics.
Another $250,000 will create the Camille E. Broderick/Goldman Sachs Scholars Fund Endowment, which will provide need-based scholarships for biology majors.
The remaining $500,000 will create two new endowments to support the College’s faculty. The Craig W. Broderick/Goldman Sachs Faculty Research Investment Fund Endowment will enhance faculty research and scholarly work by offsetting associated costs, including travel, research materials and hiring student assistants.
The Broderick Family/Goldman Sachs Term Professorship Endowment will fund a term professorship that will rotate between economics and biology. The professorship will provide a salary supplement and support for research and teaching for up to three years for a young faculty member who has been recently granted tenure or is tenure track.
This gift comes on the heels of a record-breaking fundraising year for the College. In fiscal year 2011, William & Mary received gifts from more than 28,600 individuals, organizations and corporations, which is an all-time record. William & Mary was also the recipient of the CASE Award for Educational Excellence in 2010 and, again, in 2011. The award recognizes superior fundraising programs across the country and is a component of CASE’s Circle of Excellence program.
About Goldman Sachs Gives
Goldman Sachs Gives is a donor-advised fund through which Goldman Sachs and its senior employees can recommend grants to qualified non-profit organizations globally. Established in 2007, Goldman Sachs Gives supports charities in communities around the world with a focus on benefiting underserved populations. Its grants support programs that build and stabilize communities, increase educational opportunities, honor service and veterans, and create jobs and economic growth.