DePauw University Receives $6 Million for Financial Aid

DePauw University in Greencastle, Indiana, has announced a $6 million gift from the estate of Theodore R. Peterson and alumnus Elizabeth Emison Peterson ('40).

The gift will establish the Theodore and Elizabeth Peterson Endowed Scholarship Fund within the DePauw Trust, continuing the university's commitment to making a DePauw education available to promising students regardless of their financial situation. Emison Peterson is the daughter of Richard A. Emison ('16) and Esse Summers Emison ('17). Her husband, Ted Peterson, graduated from the University of Illinois and spent much of his career working for his father-in-law's lumber business. Emison Peterson died in September of 2006; her husband passed away in February 2014.

"In establishing the DePauw Trust, our goal was to ensure that this form of education — with small classes and a dedicated faculty — is available to students from all walks of life," said DePauw University president Brian W. Casey. "With this gift, Mr. and Mrs. Peterson leave a transformational legacy for DePauw students for generations to come. On behalf of all of our students, I am immensely grateful for their generosity and, most importantly, for what their gift will mean to the future of DePauw."

"DePauw Receives $6 Million Gift for Need-Based Financial Aid." DePauw University Press Release 02/16/2015.