Former Student Donates $8 Million to Wayland
February 6, 2018
PLAINVIEW -- Officials from Wayland Baptist University announced an anonymous $8 million estate gift from one of their alumni that strengthens the university’s financial foundation.
The gift is the largest, single cash gift in the school’s 109-year history.
President Dr. Bobby Hall shared the news with the Board of Trustees noting how important alumni support is to private education.
“Words cannot express how grateful we are for the generosity of this gift,” Hall said. “It is a true testament to the love our alumni feel for this great institution and to its mission of providing an education that is distinctively Christian.”
Dr. Kevin Ludlum, Vice President of Institutional Advancement said the unrestricted gift allows Wayland to maximize the impact on the university by supporting the area of greatest need at the time of funding, emphasizing how important philanthropic support is to the university.
“Estate gifts are a vital part of Wayland,” Ludlum said. “This type of philanthropy has the greatest effect on future students and it leaves a lasting legacy for the donor.”
Dr. Hall added that a gift such as this also speaks to the quality of Wayland Baptist University.
“In addition to the financial benefit, the gift demonstrates great confidence in our people and our programs," added Hall. “I consider it the ultimate endorsement for our faculty, staff and students.”
Founded in 1908, Wayland Baptist University is a Christian, liberal arts school located in Plainview, Texas, with 13 additional campus locations in six states and Kenya, Africa. With approximately 5,000 students throughout the system, Wayland offers associate’s, bachelor’s, master’s and doctoral degrees on campus and online.