Southwestern University Receives $15 Million for Endowment

Southwestern University Receives $15 Million for Endowment

Southwestern University in Georgetown, Texas, has announced a $15 million endowment gift from life trustee Jack Garey in support of academic programming, financial aid, and other priorities.

Made in honor of Garey's late wife, Camille, the largest gift in the university's 178-year history will establish the Jack and Camille Garey School of Natural Sciences and support multiple priorities at the school, including funding to underwrite high-impact experiences for thirty-two Garey Scholars in their sophomore and junior years; up to eight annual mid-cycle sabbatical semesters for tenured faculty; need-based financial assistance for students; five endowed chairs in the natural sciences; and phase two of the Fondren Jones Science Center initiative.

A lawyer and self-made entrepreneur, Jack Garey is the retired president of Garey Construction Company and served on Southwestern's board of trustees for twelve years before being appointed the university's second life trustee in 2017. Camille Garey, who died in 2012, also was a trustee of the university and was as an avid supporter of education and environmental causes throughout her life.

"This unprecedented and transformative gift, which has been fully allocated to the university's endowment, will build upon our reputation as a world-class institution that is transforming higher education and as a national leader in high-impact learning and intellectual growth," said Southwestern president Edward Burger.

(Image credit: Southwestern University)

"Southwestern University Receives Largest Single Private Gift in Its History." Southwestern University Press Release 05/07/2018.