WKU Receives $500,000
Scholarship Commitment

March 12, 2003

Bowling Green, Ky. - Western Kentucky University has received a $500,000 contribution from a donor who wishes to remain confidential. The gift, in the form of a charitable gift annuity, will create a scholarship fund that will provide assistance and encouragement to deserving students attending Western.

Alex Downing, president of the College Heights Foundation, said: "This generous charitable gift annuity allows the donor to have a source of lifetime income and to provide lasting support for Western Kentucky University in the form of scholarships. The donor's actions demonstrate devotion to Western and a belief in the importance of education."

According to Downing, a charitable gift annuity is a contract in which a donor makes a gift of cash or marketable securities such as stocks or bonds in exchange for fixed payments for life to the donor and/or the donor's designate. "The payment does not fluctuate with the economy, so you know exactly how much income you will receive," Downing said.

Tom Hiles, WKU's vice president for Institutional Advancement, added his thanks. "Endowing scholarships is one the highest priorities outlined in our "Investing in the Spirit Campaign,' " he said.

The Campaign has a $90 million goal and will conclude on June 30, 2003.

For more information, contact Tom Hiles at (270) 745-6208. More WKU news is available on the World Wide Web at www.wku.edu. If you'd like to receive WKU news via e-mail, send a message to WKUNews@wku.edu. RAS/Development/confidscholar.doc

-WKU-