Vanderbilt University in Nashville, Tennessee, has announced a $5 million gift from alumni Elizabeth Sauereisen Allen (BS '83) and board member Greg Allen (BA '84) in support of financial aid and faculty leadership.
The gift will support Opportunity Vanderbilt, the university's financial aid program for undergraduates, through a gift and bequest to the previously established Elizabeth and Greg Allen Family Scholars at the College of Arts and Science. In response to the university's $25 million Faculty Fellowship Challenge, a call to invest in rising faculty stars, the commitment also establishes the Greg S. Allen Chancellor's Faculty Fellow in Philosophy for recently tenured faculty; the Greg S. Allen Dean's Faculty Fellow in Philosophy, which will support tenure-track professors; and the Sauereisen Director of the Undergraduate Business Minor Program, which will recognize administrative leaders, including non-tenure track faculty.
"The Allens' generosity enables Vanderbilt to foster a distinctive learning community where talented students from all backgrounds can come together and thrive under the guidance of world-class faculty," said Susan R. Wente, university provost and vice chancellor for academic affairs. "But this gift impacts more than just the scholarship, fellowship, and directorship recipients — it benefits the entire Vanderbilt campus, as well as the lives and communities that the recipients touch."
"We've seen how Opportunity Vanderbilt has shaped the university for the better, reducing need-based loans by nearly 70 percent and drawing some of the most accomplished students from around the country to campus," said Greg Allen, a managing partner at investment firm CI Partners. "And we can speak firsthand to the importance of having top-notch faculty who expose those students to life-changing teaching and research. These two efforts — supporting undergraduate financial aid and faculty opportunities — go hand in hand. We're happy to do our part in advancing both."