Endowment

A strong permanent endowment is the most important guarantee of Newman's long-term excellence. Generation after generation, these funds ensure that students have the capability and resources to reach their full potential and "transform society".

An endowed gift cements a donor's life-long relationship with Newman. Endowed funds are invested by the university to generate annual income in perpetuity for the purpose you specify. Endowment funds may be established to support an academic program, scholarships, campus ministry or an area of interest that is most personally meaningful to you. 

Endowments may be named after the donor, or in honor of a loved one, and are often fulfilled through a multi-year commitment. Donors may create an endowed fund now, through an outright gift, or in the furture, through a bequest or life income gift. 

For more information on how you can invest in the future of Newman University, please contact:

David Alexander
Senior Development Officer
Office: 316-942-4291 Ext: 2165
Cell: 316-253-4307
Email: alexanderd@newmanu.edu

Types of Endowments

Both types of endowments, restricted and unrestricted, the university secures the principal of your fund while the university uses the interest earned in different ways depending on the type of endowment.

Restricted

  • The principal of your fund is invested and secured by Newman University.
  • The interest earned from your fund is allocated to an endowment fund of your choosing. For example, you may choose to create a new endowment scholarship to honor a loved one. 

Unrestricted

  • The principal of your fund is invested and secured by Newman University.
  • The interest earned from your fund is used by Newman University to do many great things such as building renovations, state-of-the-art technology, and much more. 

Ludlow estate gift to Newman University helps future students, university and donors

Carm and Michael Ludlow, MD
Carm and Michael Ludlow, M.D.

Newman University alumni Carm and Michael Ludlow, M.D. have made a bequest in their estate plans in the amount of $500,000 to their alma mater. The gift will be designated to the Margaret H. Ludlow Endowed Scholarship Fund to help future Newman students who have a demonstrated financial need.

“We are extremely grateful to the Ludlow family for this very special gift,” said Newman President Noreen M. Carrocci, Ph.D. “This is a true testament to Michael and Carm’s spirit of generosity, and will give many future students an opportunity to experience a Newman education and all it has to offer.”

An estate bequest is quite often the most significant gift a person ever makes.



- David Alexander, Newman University Senior Development Officer

“We appreciate the education we received at Newman and think it gave us a great base to navigate the rest of our lives,” said Carm Ludlow, a 1979 graduate. “I especially needed the financial aid to get through college when I was a student, and there was more government aid at that time than I think there is now. Mike and I think education is important, and this is a good use of our money.” 

“We do believe in education, and believe in the development of a critical consciousness regarding social justice while in college, and the importance of the development of a mind capable of critical thinking,” Michael Ludlow said. “These are qualities that last a lifetime. As we support all of those things, we can't think of a place that does all of that better than Newman University.”

The Ludlows, with support from Michael’s father John, sister and 1982 Newman graduate Liz Ludlow Di Silvestro, and niece and 2011 Newman graduate Maggie Di Silvestro, established the Margaret H. Ludlow Endowed Scholarship Fund in March 1997 in memory of Michael’s mother. The scholarship is for students in need of financial assistance and is not restricted to any particular major or area of study. The $500,000 bequest will be added to the fund upon the Ludlow’s passing.

David Alexander, senior development officer at Newman, noted that estate gifts serve many functions and bring many benefits.

“An estate bequest is quite often the most significant gift a person ever makes,” Alexander said. "When alumni and donors choose to designate a portion of their estate to fund an endowed scholarship like the Ludlows have done, they are in effect establishing a legacy at Newman that will bless generations to come. We believe our planned giving donors are gratified knowing that the impact of their generosity will continue for as long as Newman University exists.”

The Ludlows have been generous donors to Newman and have supported several major campaigns. The Ludlows have three children, Abbey, Katie and Michael W. (a 2008 Newman graduate), and are very active in their home parish of St. Catherine of Sienna.

Read the full article