History of the College Heights Foundation
Lending Aid and Preserving Legacies since 1923
The College Heights Foundation has been a Guardian of Trusts since our founding in 1923. Born from humble beginnings when a faculty member gave $100 to Dr. Henry Hardin Cherry to assist worthy and deserving students, the Foundation now has a scholarship endowment that has grown to more than $50 million. Today, the Foundation continues to fulfill its mission by providing assistance and encouragement to deserving students enrolled at Western Kentucky University.
The College Heights Foundation still operates today under the Articles of Incorporation authorized by the Commonwealth of Kentucky in 1923. This is an outstanding tribute to those who prepared our charter so many years ago to safeguard the outstanding work for which the Foundation was created. The CHF has a rich heritage since our founding and this chronological timeline highlights some of the accomplishments and milestones experienced throughout our history.
College Heights Foundation Historic Timeline
1923 - 1937: Dr. Henry Hardin Cherry
The College Heights Foundation is formed by Dr. Henry Hardin Cherry in response to a $100 gift from a faculty member to benefit deserving students in need.
The Articles of Incorporation for the College Heights Foundation, Inc. are authorized by the laws of the Commonwealth of Kentucky on July 17, 1923.
The home of the College Heights Foundation is located in Cabell Hall (location of Gordon Wilson Hall).
$11,885 in student loans are issued in the first year.
CHF offices move to Potter College Framed Cottage, just southeast of Dr. Cherry's statue.
Fundraising begins for the Kentucky Building, led by the College Heights Foundation.
Construction of the Kentucky Building begins.
Student Loan Fund provides 4,200 different loans amounting to $144,787 in first 10 years.
CHF begins operation of the College Heights Bookstore.
CHF offices move to basement of the Kentucky Building.
Dr. Cherry passes away.
CHF provides $177,836 in student loans under the 14-year leadership of Dr. Cherry.
Dr. Paul Garrett is named the second president.
1937 - 1955: Dr. Paul Garrett
Construction of the Kentucky Building is completed and the building is dedicated on Founder's Day.
Dr. Garrett passes away.
CHF provides $261,303 in student loans under the 18-year leadership of Dr. Garrett.
Dr. Kelly Thompson is named the third president.
1955 - 1979: Dr. Kelly Thompson
The CHF erects the "The Spirit Makes the Master" pylon at the top of the Hill in honor of the 50th Anniversary of the college.
CHF leads efforts for the renovation and remodel of the Faculty House, formerly Cedar House.
Construction begins for the Foundation Building, which is still home to the CHF today.
Construction completed for Foundation Building, new home of the CHF.
Dr. Thompson begins reorganization of the College Heights Foundation. The duties of the President of the CHF are split from the duties of the University President. Dr. Dero Downing is named the fourth President of Western Kentucky University, and Dr. Thompson remains as President of the CHF.
A perpetual trust — the Memorial Fund — is created to provide a permanent endowment.
The College Heights Foundation Golf Classic is established to raise money for scholarships.
The Memorial Fund increases by $2.25 million in first 10 years (1969).
CHF assets total $3.22 million
$175,000 is budgeted in scholarships for the 1979-80 school year.
Dr. Thompson retires.
CHF provides $2,195,017 in student loans and more than 2,975 scholarships for at least $504,131 under the 24-year leadership of Dr. Thompson.
1979 - 1999: Dr. Dero Downing
Dr. Dero Downing is named the fourth president of the College Heights Foundation upon his retirement as President of WKU.
CHF prioritizes creating new scholarship funds each telling a unique story honoring and memorializing people, organizations, and groups.
CHF helps WKU acquire property located at 1700 Chestnut Street to serve as the new WKU President's Home.
The CHF endowment reaches more than $16 million.
The CHF provides $700,000 in scholarship support benefiting more than 1,000 students.
Dr. Downing retires as President of the CHF, but remains Chairman of the Board.
CHF provides 13,888 student loans totaling $2,102,134 and 16,000 scholarships totaling over $7.5 million under the 18-year leadership of Dr. Downing.
Mr. Alex Downing is named the fifth president of the College Heights Foundation. He also continues in his previous capacity as Treasurer of the CHF.
1999 - 2012: Mr. Alex Downing
CHF and WKU Foundation work in conjunction for the construction of the Guthrie Bell Tower.
The Scholarship Celebration is implemented to pair donors and scholarship recipients together in an important stewardship activity.
The CHF assumes administration and stewardship of the third party custodial funds provided to the University
Dr. Downing, still active as Chairman of the CHF Board of Directors, passes away at age 89.
An agreement is signed between the College Heights Foundation and the WKU Foundation that all future gifts of scholarships would be placed within the CHF and all gifts that are non-scholarship in nature (professorships, programmatic endowments, departmental funds, capital projects, etc) would be placed in the WKU Foundation. As a part of this agreement, existing funds were transferred in like amounts to further draw the distinction between the two foundations.
Alex Downing announces his resignation to pursue an opportunity at Franklin Bank and Trust Company.
The CHF endowment has grown to more than $40 million.
The CHF provides $5.4 million in scholarships, benefiting more than 3,200 students.
CHF provides 4,143 loans totaling $973,780 and approximately 32,625 scholarships totaling nearly $40 million under the 13-year leadership of Mr. Downing.
2013 - Present: Dr. Donald Smith
Dr. Donald Smith begins his duties as the sixth president of the College Heights Foundation.
The CHF endowment tops the $50 million mark.
CHF celebrates 40th Annual Golf Classic which has provided more than $960,000 in scholarships to more than 1,600 students.
Construction plans announced for the Cliff Todd Center - the new home for CHF
The CHF endowment tops the $75 million mark, and the number of funds grows to more than 1,200.
In the past five years, CHF provides 128 student loans totaling $43,430 and more than 14,500 scholarships in excess of $25 million since Dr. Smith's presidency began.
WKU President Timothy C. Caboni announces the Opportunity Fund initiative at his investiture with a goal of raising $50 million for student recruitment, retention, and applied research opportunities to deserving students.