When Ann and Ken Newman (B.A. '66) of Denton decided to make the largest donation in their 28-year history of giving to UNT, there was no question about which program to support.
The Newmans, who were in the first generation of both families to attend college and were entirely dependent on financial aid to make their dream of higher education a reality, feel a special kinship with UNTís Emerald Eagle Scholars.
"We think the Emerald Eagle Scholars represent the true spirit of UNT," Ken Newman says. "These students really want to do something with their lives, and UNT, which is a university of opportunities, makes it possible."
The Newmansí gift is in the form of a $1 million trust fund. The Emerald Eagle Scholars program, which supports academically talented students from families with an adjusted gross income of $40,000 or less, is the sole beneficiary. As of fall 2010, the Emerald Eagle Scholars program has helped more than 1,900 students realize the dream of attending college.
"The fund will generate income throughout the Newmans' lifetimes, which will continuously be reinvested to grow the trust," explains Rob Buchheit, senior director for gift planning in the division of Advancement who helped the Newmans set up their planned gift. "The result will be a much larger gift to UNT at the termination of the trust."
Newman and his wife want to lead by example. UNT needs more scholarships, they say, and a planned gift ó such as a trust or a will bequest ó is an easy way for individuals and families of all income levels to establish one.
"Planned gifts are how Harvard and Yale got as big as they are," Ken Newman says. "UNT can do it, too."
About the Newmans
Ken Newman, now retired, was the founder and CEO of Horizon Health Corporation. He has served on the UNT Foundation Board of Directors since 1982 and is currently the chair. He also has been a member of the UNT Professional Development Instituteís Chief Executives Round Table since 1982. He has received UNTís Distinguished Alumnus Award, Green Glory Award and Presidentís Citation. He earned his M.B.A. from Trinity University.
Ann Newman received her bachelorís and masterís degrees in speech pathology from the University of Texas and completed a fellowship in Interdisciplinary Team Diagnostics at the Child Development Center at the University of Texas Medical Branch in Galveston. She is a member of the board of Dentonís Flow Healthcare Foundation and is an active community volunteer.
About the Emerald Eagle Scholars Program
The Emerald Eagle Scholars program was created in 2007 to help academically talented students with high financial need earn a college degree. The program provides scholars with tuition, fees and mentoring. In return, scholars are expected to become actively involved on campus, work in an on-campus job, enroll in 15 hours of classes each semester, maintain an overall GPA of at least 2.5 and graduate in four years.