Georgetown University has announced a $10 million gift from the Penner Family Foundation in support of educational affordability and access.
The gift includes $8 million to establish the Penner Family Endowed Scholarship Fund, which will provide tuition support to promising students from low-income households, with the remainder supporting the Penner Family Endowed Experiences Fund, which provides students — many of them the first in their family to attend college — with additional opportunities such as unpaid internships, travel and research abroad opportunities, and community-based service projects.
Longtime supporters of the university, Carrie Walton Penner (C'92) and Gregory Boyd Penner (F'92) previously established the Walton Scholarship for Georgetown College undergraduates, the Walton Family SFS Graduate Scholarship for MSFS students, an endowed chair in Asian Studies at the School of Foreign Service, and the Penner Family China Impact & Engagement Fund, which supports intercultural and interreligious exchange between the university and entities in China.
"Through the years, we have dedicated our philanthropy to projects that help students reach their full potential," said Carrie Walton Penner. "For some, the odds are stacked against them from a young age. We want to create a supportive atmosphere where they feel empowered to seize opportunities."
"The Penners' extraordinary generosity exemplifies our shared responsibility to ensure that Georgetown is a place where the very best students, regardless of background, have the opportunity to join our university community," said Georgetown University president John J. DeGioia. "Their service further strengthens our commitment to being a 'community in diversity' — a place where we value a diversity of perspectives, experiences, life histories, gifts, and talents as vital to our community. We are deeply grateful for the Penners' leadership and ongoing dedication to Georgetown."