Two Scholarship Gifts

The James Madison University Foundation received scholarship gifts totaling approximately $3.5 million during the 2014 fiscal year. Two of those gifts amounted to more than $1.3 million of that total. These gifts are noteworthy for several reasons beyond their significant generosity. First, both show the power of making a planned gift to JMU. These gifts also contribute significantly toward the foundation’s goal of reaching $100 million endowment by 2019, the foundation’s 50th anniversary. Finally, they come from long-time members of the JMU family:

Upon her death, Barbara A. Duke, widow of Robert C. Duke, gifted monies for academic scholarships in the name of Barbara A. and Robert C. Duke. He was the son of James Madison University’s second president, Dr. Samuel P. Duke. It was under Dr. Duke’s presidency that the State Teachers College of Harrisonburg was named after James Madison. Learn more about the Duke family and their contributions to Madison.

Gilda G. Hinman (’54) remembered her alma mater with a generous gift this year through her will. Her gift will provide scholarships for students majoring in physical education and health-related fields. In her will, Hinman made known how much she valued her education and her pride in providing future students the opportunity to achieve their dreams.

Gilda G. Hinman

Gilda H. Hinman on the quad during her Madison years.

Madison Investment Fund

One of the primary responsibilities of the JMU Foundation is to manage investments on behalf of JMU. Your gifts also enable us to serve in an educational capacity by working with the Madison Investment Fund, a student-led investment fund money manager. With initial seed money of $100,000 from the foundation, the Madison Investment Fund has grown its securities portfolio to just under $200,000.

The Madison Investment Fund sends donors a special thank you: “You have given us an incredible opportunity to take what we learn in the classroom and apply it to a real-world setting, which has allowed all of us to succeed in our classes, in our internships, at our full-time jobs, and through the rest of our life.”

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