Vanderbilt University Receives $10 Million for Financial Aid

Vanderbilt University Receives $10 Million for Financial Aid

Vanderbilt University in Nashville has announced a $10 million planned gift from alumnus Robert M. Levy ('72) and his wife, Diane, in support of scholarships.

Structured as a bequest, the latest commitment from the couple to the Diane v.S. Levy and Robert M. Levy Scholarship will extend need-based support to undergraduate students from diverse backgrounds. The fund is part of Opportunity Vanderbilt, an initiative launched by the university in 2008 to meet 100 percent of students' financial need with grants and scholarships.

"Bob and Diane Levy helped lay the groundwork for what ultimately became Opportunity Vanderbilt with their initial scholarship fund in 1997. We are truly grateful to the Levys for this new gift and for their unwavering dedication to Vanderbilt's ambitious goal of providing financial aid to talented students from all backgrounds," said Vanderbilt University chancellor Nicholas S. Zeppos. "Attaining a world-class college education is part of the American dream. Nobody should be denied that opportunity because of their financial situation or have to incur crippling debt to achieve such a laudable goal."

"My wife and I are proud to support Vanderbilt's efforts to make diversity and inclusion a priority through this Opportunity Vanderbilt scholarship fund," said Levy, retired chairman of the Chicago investment firm Harris Associates. "I think to have a great institution, you want to include and offer opportunity to a wide spectrum of people, who bring both academic strengths and diverse cultural perspectives. It's all-encompassing."