Chase gift to help fund academic initiatives to benefit students, faculty
President Richard Schneider has approved a recommendation to use $300,000 to fund several academic improvements at the university. International travel and study abroad will receive more than half of these funds, while undergraduate research and a scholar-in-residence program will also benefit.
Norwich recently learned that it would receive $5.6 million from the estate of Frank Chase 1928 and his wife, Zada. This gift was designated for the creation of endowment support for academic programming at Norwich. University Provost Hubert Maultsby has recommended that $300,000 - the approximate annual interest of these funds - be used to finance several academic intitiatives. Maultsby feels that a vital part of a well-rounded education includes the opportunity to study abroad.
"I am convinced that any person who graduates from a college or
university today needs to have spent some time in another culture,"
Maultsby said. "Whether it is for a few weeks, a semester, or a summer,
every student needs to have some time and experience studying overseas."
The Board of Trustees followed President Schneider's recommendation and approved $300,000 for academic initiatives, to be spent in the following areas:
"The use of these funds in areas where we can enhance our faculty
and student interaction and involvement in undergraduate research, as
well as to encourage students to take advantage of opportunities to study
overseas, is really significant," Maultsby said. "This initiative
is a tremendous opportunity in terms of adding to the total Norwich experience."
firstname.lastname@example.org, November 2004