Carleton College Receives $20 Million Gift From Alumnus Family

in Northfield, Minnesota, has announced a $20 million gift from the Weitz family to match new need-based scholarship endowment gifts on a dollar-for-dollar basis.

The gift from Barbara ('70) and Wallace ('70) "Wally" Weitz and their family — including their children Katie ('96), Roger ('99), and Drew ('02), Roger's wife, Kate, and Drew's wife, Meredith ('02) — will establish the 1866 Scholarship Match Fund with the aim of encouraging other Carleton donors to commit new gifts for financial aid by matching their contributions. The income from the fund, which recognizes the college’s hundred and fiftieth anniversary, will provide $2 million in financial aid grants every year — roughly equivalent to the financial aid needs of an additional forty to forty-five students. Carleton is committed to meeting the full demonstrated financial need of all admitted students for all four years.

The Weitz's gift follows a $20 million gift given by the family in 2015 for a music and performance addition to the Weitz Center for Creativity.

Wally Weitz has served as a member of Carleton's board since 2000 and currently serves as its chair, while he and Barbara co-chaired Carleton's previous capital campaign, Breaking Barriers, Creating Connections, which concluded June 2010.

"We continue to be humbled and inspired by the Weitz's generosity and vision for Carleton," said Steve Poskanzer, the school's president. "This gift and the 1866 Scholarship Match will help keep Carleton accessible to talented students with financial need — for both low-income and middle-income families — for generations to come."

"." Carleton College Press Release 10/14/2016.