Purchase College Receives $2.5 Million Gift

, part of the system, has announced a $2.5 million gift from Emily and Eugene Grant for student scholarships, faculty awards, and music productions.

The gift includes $1 million to create an endowment for scholarships in all disciplines and another $1 million to create an endowment that supports need-based and merit scholarships for music students who show exceptional talent. The remaining funds will be used to create an endowment for the college's biggest needs as determined by the president ($100,000); support an endowment for faculty awards that may include funding for scholarly and research activities, recitals, exhibitions, curriculum development, and new technology ($50,000); and establish a Music and Performance Music Production Fund ($50,000). In addition, the gift includes a cash award of $300,000 to jumpstart the new programs while their endowments work to generate income.

The Grants are longtime supporters of the college and its students and have funded hundreds of scholarships through the Eugene and Emily Grant Merit Scholarship and the Eugene and Emily Grant Music Scholarship programs. The latest gift represents their largest donation to the college.

"My husband and I are keenly interested in maintaining the quality of public higher education in our community and this gift does just that," said Emily Grant, who joined the board of the Purchase College Foundation in 1969 and served as board chair for eighteen years. "It is our belief that the dream of having a school of the arts at the university level — which was the late Governor Rockefeller's vision — has been brought to fruition at Purchase College, and we are confident that this gift will help maintain the high standard of the college and its students."

"." Purchase College Press Release 05/16/2013.