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$4.5
Million Bequest from Hendley Estate is Largest
in Albion's History
Gift
Boosts Current Capital Campaign Total to $65
Million
Posted September 25, 2001
ALBION, Mich. – Albion College President
Peter T. Mitchell has announced the largest
bequest in the college’s history—a $4.5
million gift from the estate of James and
Virginia Hendley, boosting the College’s
current capital campaign total to $65 million
in gifts and pledges.
 The
Hendley gift will be used to support the
Albion College vision, “Liberal Arts at
Work,” by funding scholarships for
outstanding students in the college’s
institutes and academic departments.
The scholarships will be awarded
beginning in the fall of 2002.
“Albion has been blessed with many
benefactors, such as the Hendleys, who have
believed in our mission and have given
extraordinary support for our students and
faculty and our educational programs,”
Mitchell said. “The Hendleys’ gift amply demonstrates the impact
individuals can make in the life of Albion
College.”
In
addition, Mitchell announced the creation of
the Hendley Challenge, earmarking $2 million
of the bequest to provide matching funds that
will encourage other donors to establish
endowed scholarships.
In the challenge, donations to create
endowed scholarships will be matched by funds
from the Hendley bequest.
For example, a $10,000 donation will be
matched by $10,000 from the Hendley bequest,
resulting in a $20,000 endowed scholarship.
Mitchell
said the College hopes to have 200 new
scholarships as a result of this challenge
grant.
“The
success of Albion College always has rested
not only in the quality of the education we
offer, but also in the quality of our student
body,” Mitchell said.
“The Hendley Challenge will enable us
to attract more students of a higher caliber
as we accomplish our goal of becoming one of
the finest liberal arts institutions in the
country.”
James Hendley was an attorney in Manchester,
Mich., from the 1930s to the 1970s.
He also served as president and
chairman of Union Savings Bank in Manchester.
Mr. Hendley was a member of the
Washtenaw County Road Commission, the
Washtenaw Estate Planning Council and state
and local bar associations.
He also was active in a number of civic
and cultural organizations in the Manchester
area. Virginia
Hendley, who worked in her husband’s law
office for 37 years, served on the Manchester
Cemetery Board and the Washtenaw Historical
Society board.
She was a member of the Sharon United
Methodist Church and a member of the Sara
Browne Smith Alumnae group of the University
of Michigan.
The Hendleys were married for 58 years.
They
had been long-time friends of the College,
frequently attending athletic and cultural
events on campus.
The Hendleys developed a strong and
personal friendship with President Emeritus
Melvin L. Vulgamore and his wife Nan.
“The
Hendleys were attracted to Albion because it
was small and offered close attention for
students,” explains Vulgamore. The Hendleys
had previously established an endowed
scholarship fund at the College.
Albion
launched its $120 million capital
campaign—the largest in the College’s
166-year history—in April.
The “Liberal Arts at Work” campaign
will fund a wide variety of initiatives put
forth in the College’s vision for the
future, including the four groundbreaking
Centers for Interdisciplinary Study, six
preprofessional institutes, and the Foundation
for Undergraduate Research, Scholarship, and
Creative Activity.
In
addition, $32 million has been allocated for a
new science complex, and $11 million is
earmarked for the Albion Annual Fund, which
will help underwrite scholarships and grants,
faculty salaries and teaching materials,
library acquisitions, and physical plant
maintenance.
At least $9 million will go toward
endowed scholarships.
Another goal of the campaign is to
increase Albion’s endowment to $250 million.
For
more information, contact Morris Arvoy, Albion
College director of media relations, at (517)
629-0543 or marvoy@albion.edu.
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