“We are extremely grateful to Clay and Sarah for their generous gift to Transylvania in honor of their brother Jim,” said Shearer. “Jim has been exceptionally committed to Transylvania. As vice chair of Transylvania’s Board of Trustees and chair of the Investment Committee, he has overseen management of the University’s endowment for the past 20 years.”
Kenan provides close oversight of Transylvania’s investment strategies and during his tenure, the University’s endowment has grown from $35 to $145 million.
The JGK III Scholarship Program will build on the principles established in Transylvania’s prestigious William T. Young Scholarship Program that was launched in 1982.
Transylvania, founded in 1780, is the nation’s sixteenth oldest institution of higher learning and is consistently ranked in national publications as one of the top liberal arts colleges in the country.