"This gift is such a profound and powerful statement about the value of higher education for women," said President Mary Dana Hinton . "The transformative educational opportunities created by him will have a visible and sustained impact for future generations of women in Hollins . Above all, this generosity will allow future students who might not otherwise attend college to access to that opportunity ".
Gifts at this level, in a school the size of Hollins have had a huge impact on accessibility issues for traditionally underserved and low-income students. "The need for educated citizenship and leadership development for women is greater now than ever, yet access to higher education is more challenging than ever," Hinton continued. "This gift allows Hollins to provide greater access, now and in the future. We are proud to be a steward of this gift and to be able to touch the future in this way."
Financial security and long-term stability are critically important issues for women's colleges like Hollins whose numbers have dropped from more than 200 in the 1960s to less than 40 today.
The donor, a Hollins alumnus, agreed: " Hollins' mission and the value of his enduring presence and leadership as a progressive institution were the catalyst for my donation and the urgency to make funds available. immediately. It ensures that Hollins can confidently advance as an institution committed to women and the liberal arts. "
Hollins founded in 1842, today has become an institution of access and support for many students. Currently, the undergraduate student body is 36% low-income, 34% first-generation, and 30% students of color.
The transformative nature of this grant will help build a stronger foundation of long-term equity and inclusion for Hollins noted Alexandra Trower '86, President of Hollins University Board of Trustees. "The donation strongly reaffirms the importance of our mission and will help Hollins advance its commitment to equity and inclusion for years to come."
The first $ 25 million installment will establish the Levavi Oculos Endowed Scholarship Fund in support of scholarships for undergraduate students beginning in the fall of 2023. For the academic year 2025-26, Hollins estimates that a minimum of 125 students, just under 20% of the current undergraduate student body, will benefit from this gift.
Approximately Hollins University
Hollins is an independent liberal arts college offering college liberal arts education for women and selected graduate programs for women and men, with 706 undergraduate students and 142 graduate students in the 2021-22 academic year. The university has 29 undergraduate majors and 15 mixed graduate and certificate programs. Hollins also hosts a nationally recognized creative writing program; the innovative Batten Leadership Institute; and the Rutherfoord Center for Experiential Learning, which encompasses study abroad in a variety of destinations around the world, national and international internships with world-class companies and organizations, and undergraduate research opportunities in a variety of fields.
SOURCE Hollins University