Davidson College Receives $25 Million Pledge From Alumnus, Husband

Davidson College Receives $25 Million Pledge From Alumnus, Husband

Davidson College in North Carolina has announced a $25 million estate commitment from alumnus Richard Halton ('77) and his husband, Jean-Marc Frailong.

Halton has yet to decide which initiatives the largest planned gift commitment in Davidson's history will support. According to school officials, he is considering scholarships and/or something modeled after Lula Bell's Resource Center, which provides students with food, professional clothing, textbooks, hygiene products, and other supplies.

Halton transferred to Davidson after graduating from prep school at the age of 16 and completing a few courses at a college in Chicago. At the time, the annual cost of attending the school was $5,000, and he remembers friends who struggled to make ends meet. "The cost of college is a burden for many families," said Halton. "I want this gift to help support students so they don't have to worry as much. They should focus on growing up as young adults and absorbing all the wonderful opportunities available at Davidson."

Halton's gift also was inspired by innovation-related developments at the school under the leadership of Davidson president Carol E. Quillen, including the Jay Hurt Hub for Innovation and Entrepreneurship.

"The cure for cancer, the cure for AIDS, the next Facebook — these could very well come from Davidson," said Halton. "I want our gift to help students take advantage of all the resources offered by the college and make the experience more affordable for them."