Herrick Society Stories
Dover Legacy to Meet Dynamic Needs
By their nature, gift planning donors look to the future. Many of the most generous donors to Kent State University have reached into assets they have spent a lifetime accumulating to find new and creative ways of sharing with future generations.
Often, when an individual chooses to remember the university in a will or other gift planning vehicle, the funds are earmarked for a specific purpose. But how can he or she be sure that purpose will still exist 50, 100, or even 300 years from now?
Endowment guidelines of the Kent State University Foundation have safeguards in place to ensure that, should a program be dropped, merged with another, or become impractical, funds can be redirected to the purpose most closely matching the donor's original intent.
Some donors, however, ask, "What happens if I designate my legacy to a purpose that simply becomes less important to the success of the university over time?" To address such concerns, and to give donors the assurance their gifts will always be used to support the university's most innovative, compelling initiatives, the President's Entrepreneurial Fund was established in 2004.
This new option is for those who want to support Dr. Carol A. Cartwright, and the presidents who will follow her, in launching innovative projects that would not be possible through state support alone. This discretionary fund is to be used by university presidents only to seed new initiatives. For example, in 1991, it might have been directed to provide the first student awards for the newly formed Founders Scholars Program, which today is one of Kent State's most successful programs.
The first contribution to this important fund has come as the result of a bequest from C. J. "Mickey" and Dorothy Dover. Half of the $300,000 contributed by bequest to establish the C.J. and Dorothy Dover Endowment will generate income for the President's Entrepreneurial Fund.
Mickey was a 1948 graduate in journalism who went on to a stellar career in public and employee relations with General Electric Co. and Chrysler. Dover retired as president of the MidAmerica Communication Institute, a consulting firm in Naples, Florida. Dorothy was a 1943 alumnus of Kent State's College of Education. The two met as freshmen at Kent State on their first day of class. The couple owned the popular Brandywine Ski Center and Dover Lake Park.
Anyone giving at the level of $25,000 or more can create an endowment in their own name designated to fuel presidential initiatives. In addition, current gifts of any amount can be directed to the President's Entrepreneurial Fund. In this way, you can ensure that your generosity will always further Kent State's most dynamic projects and initiatives.
Herrick Society StoriesDover Legacy to Meet Dynamic Needs
By their nature, gift planning donors look to the future. Many of the most generous donors to Kent State University have reached into assets they have spent a lifetime accumulating to find new and creative ways of sharing with future generations. Often, when an individual chooses to remember the university in a will or other gift planning vehicle, the funds are earmarked for a specific purpose. But how can he or she be sure that purpose will still exist 50, 100, or even 300 years from now? Endowment guidelines of the Kent State University Foundation have safeguards in place to ensure that, should a program be dropped, merged with another, or become impractical, funds can be redirected to the purpose most closely matching the donor's original intent. Some donors, however, ask, "What happens if I designate my legacy to a purpose that simply becomes less important to the success of the university over time?" To address such concerns, and to give donors the assurance their gifts will always be used to support the university's most innovative, compelling initiatives, the President's Entrepreneurial Fund was established in 2004. This new option is for those who want to support Dr. Carol A. Cartwright, and the presidents who will follow her, in launching innovative projects that would not be possible through state support alone. This discretionary fund is to be used by university presidents only to seed new initiatives. For example, in 1991, it might have been directed to provide the first student awards for the newly formed Founders Scholars Program, which today is one of Kent State's most successful programs. The first contribution to this important fund has come as the result of a bequest from C. J. "Mickey" and Dorothy Dover. Half of the $300,000 contributed by bequest to establish the C.J. and Dorothy Dover Endowment will generate income for the President's Entrepreneurial Fund. Mickey was a 1948 graduate in journalism who went on to a stellar career in public and employee relations with General Electric Co. and Chrysler. Dover retired as president of the MidAmerica Communication Institute, a consulting firm in Naples, Florida. Dorothy was a 1943 alumnus of Kent State's College of Education. The two met as freshmen at Kent State on their first day of class. The couple owned the popular Brandywine Ski Center and Dover Lake Park. Anyone giving at the level of $25,000 or more can create an endowment in their own name designated to fuel presidential initiatives. In addition, current gifts of any amount can be directed to the President's Entrepreneurial Fund. In this way, you can ensure that your generosity will always further Kent State's most dynamic projects and initiatives. |