Money to aid economically disadvantaged and minority students

The Charlotte W. Newcombe Foundation of Princeton, New Jersey, has announced that Tusculum College will receive $40,000 in grant money for the 1999-2000 academic year to aid lower-income and minority students and to strengthen the College’s endowment. That number represents a $5,000 increase over the amount the College received from the Foundation last year.

Twenty thousand dollars of the grant are to be used for scholarship funds in the 1999-2000 academic year, while $20,000 is a challenge grant to encourage other donors to build the Charlotte W. Newcombe Endowed Scholarship Fund. In order to claim the $20,000 for endowment, other friends of the College will have to match that amount with $40,000.

The Newcombe Fund is part of the College’s permanent endowment, which the foundation established at the College in 1988 in memory of Mrs. Newcombe. Currently the principal of the Fund is $140,000. A native of Philadelphia, Pennsylvania, and a lifelong Presbyterian, Newcombe was supportive of Presbyterian-related causes.

"We are pleased the Newcombe Foundation has again selected Tusculum College as a recipient of these important funds," said Tusculum College President Robert E. Knott. "The fact that Tusculum College was one the funded colleges selected out of the 65 institutions related to the Presbyterian Church (U.S.A.) is a strong vote of confidence in our people and programs."

"The Newcombe Foundation scholarship funds have helped with the education of many able and deserving students from Appalachia," he added.

This grant brings to $410,000 the amount Tusculum has received for scholarships from the Newcombe Foundation, which supports selected colleges related to the Presbyterian Church (U.S.A.). Much of that amount has been further supplemented by the College’s own success in matching such challenge grants through its fundraising efforts.