Christopher Newport University For our Alumni,
Parents and Friends

Alumni Magazine
Fall 2006 Table of Contents

Kristina Neighbour Kristina Neighbour chose to attend CNU in part because the merit scholarship she received included funds to study abroad.

  printPage

CNU Alumni Magazine
Features
David Student Union opens
Changes in liberal learning
Attracting the best and brightest
Teaming up to help young students
Earning top internships
Producing the best
Meeting the Captain

Quick Takes
Donor profile: Regina Raring
Letter from Alumni President
Coming back home: Ashley Boyd
2006-07 Alumni Society Board
Ferguson Center for the Arts

Alumni Profiles
Steven Bowman, '04
Orlando Mullins, '88
Becky Stewart, '81
Kathleen Le Mons , '95

Departments
Faculty Profiles
Alumni Society News
Class Notes
Magazine Contributors

Making a Difference
How to establish a scholarship fund

There are numerous ways to establish a scholarship at Christopher Newport University. Many donors choose to give an outright, one-time gift to establish an endowed fund, while others make a multi-year pledge to give specific amounts each year until the minimum endowed level of $25,000 is attained.

Endowed funds are not disbursed. The CNU Educational Foundation invests the funds and disburses the fund’s earnings as scholarship awards to CNU students. The foundation’s policy is to invest the endowed funds for growth and income, disbursing 5 percent of the endowed fund’s market value each year and re-investing excess earnings to provide a hedge against inflation in future years. This ensures that scholarship funds will grow.

Still other donors wish to have scholarship awards begin right away, although the minimum endowed level has not been reached. For example, a recent donor wished to establish an endowed fund of $25,000. He pledged $25,000 over a five-year period, committing to a gift of $6,000 each year. He instructed that $1,000 be given each year as an annual scholarship award and that $5,000 be set aside in a fund to build his endowment. At the end of five years, he will attain his goal of a $25,000 endowed fund, and five students already will have benefited from an annual award of $1,000.

For additional information on establishing a named endowment fund and scholarship giving at CNU, contact Lucy Latchum, director of major and planned giving, at (757) 594-7702 or llatchum@cnu.edu.

Attracting the best and the brightest
New scholarships allow CNU to recruit top students

By Jane S . Hill

As the daughter of a Foreign Service officer, Kristina Neighbour grew up in exotic places that most children can’t locate on a map. After a summer job at the State Department in Washington, D.C., Kristina joined this fall’s freshman class at Christopher Newport University, where she plans to major in political science and international relations. It’s another step toward her dream: a career in the Foreign Service.

Her experiences, combined with a near-perfect GPA at a private high school in Northern Virginia and top percentile SAT scores, make Kristina a college recruiter’s dream. She chose CNU over other institutions, she said, because she was invited to join the President’s Leadership Program and received a merit scholarship that includes funds to study abroad. She also liked what she saw.

“I visited almost every in-state school, but I felt at home at CNU,” Kristina said. “I thought, ‘I’ll be able to shine there.’ ” Her scholarship was made possible as part of a $5 million gift to the University from the Smithfield-Luter Foundation last year – the largest single donation in CNU’s history. The University is matching $1 million of the gift to provide academic leadership scholarships, in which students receive $10,000 over four years – $2,000 each year – plus an additional $2,000 to study abroad. The first three of the 48 recipients, including Kristina, arrived this fall.

“The availability of scholarships has definitely made a difference in our ability to recruit top students,” said Patty Cavender, dean of admissions. “This year’s scholars have an average SAT of 1325 and an average GPA of 3.9, scores you’d find at top schools in the country.”

Paul Trible and Dr. Sarah Forbes
CNU President Paul Trible thanks Newport News physician Dr. Sarah Forbes, right, for her
$1 million gift for scholarships.

Thanks to the generosity of Sarah Forbes, a well-known Newport News physician, eight incoming freshmen received the first-ever CNU Endowed Merit Scholarships. Dr. Forbes has committed $1 million to CNU, which will be used to match other gifts up to another $1 million, potentially bringing the endowment for merit scholarships to $2 million.

“Dr. Forbes is a trailblazer,” said Lucy Latchum, CNU director of planned giving and scholarships. “She went to medical school when few women did, and now she sees the University as having a strong economic and cultural impact on this community and wants to be a part of it.”

Dr. Forbes also personally knows what a scholarship can mean to a family. She graduated from the University of Rochester, N.Y., in the 1950s. Her mother, a schoolteacher, saved to pay much of her tuition, and academic scholarships came later.

“What God has enabled me to achieve is not enough if I don’t share it,” said Dr. Forbes, explaining her generosity toward CNU. Giving money for scholarships “will enable others to do likewise when they succeed.”

The first company to accept the match challenge was Newport News Shipbuilding Employees Credit Union, which in April 2005 contributed $25,000, matched dollar for dollar. The credit union stipulated that preference for the NNSECU scholarship be given to students who not only meet the merit achievement criteria but also are matriculating from Virginia high schools in the greater Hampton Roads area.

CNU President Paul Trible believes that a dynamic campus environment thrives with the best and the brightest students, Ms. Latchum said. However, as the youngest public university in Virginia, CNU is just joining the race to build up scholarship funds.

The match challenge is a good way to shore up funds quickly, Ms. Latchum said. It also allows Alumni and friends to “exercise the most powerful philanthropy because it touches so many lives,” she said.

Graduation cap

Back to top