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2014 Endowed Programs 2014 Endowed Programs at Carthage 2001 Alford Park Drive Kenosha, Wisconsin 53140 2014 Endowed Programs at Carthage An endowment gift is a permanent and personal way to make a difference in the lives of Carthage students. Most of our students depend on some sort of financial aid to achieve their dreams of a college education. Endowed programs help turn student dreams into reality. These gifts also reflect a commitment to the future success of Carthage. By establishing an endowment, the donor ensures that his or her values and legacy become a permanent part of the College’s success. Many donors choose to honor family members, friends, or a favorite professor with the lasting tribute of an endowment gift. Carthage is blessed to offer more than 196 endowed scholarships and 50 endowed programs. The lives of the people who established these funds and those of the people who are honored are heartwarming and inspiring. These are individuals whose faith in the College is unswerving. They have been willing to invest in students and faculty they may never meet and those who have yet to be born. They know that Carthage has always been and always will be a place that honors and cares for the needs of its students. Student recipients of endowed scholarships annually write to the donors, expressing thanks, and, in many cases, establishing a continuing relationship. These students, during their college years, come to understand the importance of donors who help make their education possible. Many years in the future, some of them will decide to help new generations of students in the same way. STUDENT IMPACT Endowed scholarships are the most prestigious student grants at Carthage. They recognize outstanding achievement by the recipients. It is appropriate to list endowed scholarships on one’s resume throughout one’s life. A student who receives an endowed scholarship is entering a select group of the College’s best students, many of whom graduated years ago and now rank among Carthage’s most distinguished alumni. Endowed scholarships typically carry the name of the individual, family, or organization that provided the funding. The College invests the funds and spends about 5 percent of the annual total. Carthage, thereby, is able to award scholarships annually across successive decades. Scholarship endowments allow Carthage to attract and recruit students and complement the financial aid they receive, helping to keep costs more affordable for all students. 2 ADMINISTRATION OF ENDOWED FUNDS An endowment is a gift that is held in perpetuity and invested. The return on the investment provides a constant source of income for the activities designated by the donor. Endowment funds at Carthage help maintain the institution’s financial strength. The College’s endowment program provides the assurance that contributions from friends of Carthage will be managed professionally with the intention of aiding the College in perpetuity. Endowments can be established through current gifts of cash, stock, or real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance, or bequests. At Carthage, when contributions to an endowed fund reach $25,000, it is considered fully funded. Carthage uses income generated from an endowed fund to meet the wishes of the donor(s) as described in a written agreement. Contributions to an endowed fund are, for investment purposes, merged with the general investment assets of the College and managed in accordance with its investment policies. For spending purposes, the fund maintains an accounting identity separate from other named funds within the College’s endowment. The College’s investment objective is to preserve and grow the value of the endowed fund over time. Any growth in the fund beyond what is awarded is added to the principal of the fund. A donor may make additions to the endowed fund at any time. Such additions shall be made subject to the provisions of the endowment fund agreement. If, at some time, the purposes of an endowed fund cease to exist, the fund then may be redirected at the discretion of the Trustees of the College. In such a case, special consideration is given to the original intent expressed in this agreement. 3 Endowed Programs 4 Carthage WILBUR M. AND MABEL M. ALLEN AND PHILIP AND KARIN PRATT SCHOLARSHIP This scholarship is awarded to full-time students who are considering the ordained ministry and who demonstrate financial need. Pastor Allen was a 1930 Carthage graduate who served congregations in Indiana and Illinois. He and his wife, Mabel, celebrated more than 50 years of married life. Karin (Allen) and Philip Pratt, both members of the Class of 1967, are the daughter and son-in-law of the Allens. Philip had a career in retail business and Karin was a teacher. ANTON B. AND ADELE R. ALTERA SCHOLARSHIP This scholarship is awarded to full-time undergraduate students pursuing a degree in English. It was endowed by Virginia (Altera) Cornog ’74, and Robert Cornog, in honor of Mrs. Cornog’s parents. Robert Cornog was the chairman, president, and CEO of Snap-on, Inc. from 1991 until his retirement in 2000. He continues to provide leadership to the College through his service as a trustee emeritus. ALAN AND IRMA ANDERSON SCHOLARSHIP Alan Anderson ’50, was the 17th president of Carthage. He received an honorary Doctor of Laws from Carthage in 1988 and was a member of the Board of Trustees. In 2004, he received the Carthage Flame award, the highest honor given by the College. He passed away in 2008. Alan dedicated his life to Carthage, and the College held a special place in his heart. He said, “Carthage provided for me an inspiration, an education, and an enjoyable and most fulfilling life; I shall be eternally grateful.” Irma (Niekamp) Anderson ’48, received the Distinguished Alumni Service Award in 1999. She graduated from Carthage with a B.S. in home economics. After graduating, she taught high school home economics and worked as a hospital dietitian, was active in civic groups and extremely visible on campus. The Andersons have three children, Ross ’75, Jolene (Anderson) Morris ’77, and Jane (Anderson) Spencer ’80. Ross Anderson is a Carthage trustee, while Jane Spencer is an academic advisor at the College. Four of their grandchildren also are Carthage graduates. The Alan and Irma Anderson Scholarship is awarded to children of Carthage alumni who maintain a 3.0 GPA or better. It was made possible by the generous support of Alan and Irma (Niekamp) Anderson and family and friends. CLARENCE ANDERSON SCHOLARSHIP This scholarship is awarded to undergraduate students based on financial need. Mr. Anderson was a Lutheran and a friend of Carthage who established the scholarship with a gift in 1983. 5 Endowed Programs JOSEPH F. ANDREA SCHOLARSHIP This scholarship was established in memory of Joseph Andrea, a lifelong resident of Kenosha who worked hard to improve the quality of life and create opportunities for residents of southeastern Wisconsin. Following his honorable discharge from the Navy in 1948, Joe spliced cables for Wisconsin Telephone Company from 1948 to 1980. Telephones would be a constant throughout his life, whether solving the problems of his constituents or moving legislation through the Wisconsin Legislature. Joe knew how to “work the phones,” and was proud of his knack for responding to most inquiries and concerns within 24 hours. Joe loved politics and loved people. Joe retired from politics in 1997, never having lost an election, after five terms as a Kenosha County supervisor, eight years as a state representative, and 12 years as a state senator. From 1995 until his death, Joe was a visiting professor at Carthage College. He was a mentor to students, faculty, and administrators, represented Carthage at countless civic events, and was an ardent and tireless advocate for higher education in the state. Carthage awarded him an honorary Doctor of Laws degree in 1991. In 2001, in recognition of his extraordinary service to Carthage and the southeastern Wisconsin community, Joe received the College’s most prestigious honor, the Carthage Flame. ARNESON FAMILY SCHOLARSHIP This scholarship is awarded to full-time students who have graduated from St. Joseph High School in Kenosha, particularly those with financial need. The Arneson family owned and operated Arneson Foundry, Inc. in Kenosha, where Mr. James Arneson was a manager and board member. THOMAS R. BEAU MEMORIAL SCHOLARSHIP This scholarship is awarded to a full-time undergraduate student serving as a student manager for an athletic team. Tom graduated from Carthage in 1960 with a B.A. in chemistry. He taught mathematics at North High School in Sheboygan, Wis., and chemistry at Lakeshore Technical Institute in Cleveland, Wis., before his death in 1975. The scholarship was established through the generosity of Tom Beau’s wife, Nellie, along with family, friends, and classmates of Mr. Beau. ELLA SUE BECK AND MILDRED BECK SCHOLARSHIP This scholarship was made possible by a gift from the estate of Miss Ella Sue Beck, a 1929 Carthage graduate, in June 1999 and is named in her honor and that of her sister, Miss Mildred Beck. EDGAR W. BELTER SCHOLARSHIP This scholarship is awarded to juniors or seniors with a cumulative GPA of 3.0 or better, a major in social work or psychology, and career plans that include service to persons experiencing substance abuse. It is named for the Rev. Edgar “Ed” Belter ’48, who was 6 Carthage pastor of Emmanuel Evangelical Lutheran Church in Racine, Wis., and co-founded The A-Center in Racine, the first alcohol and other abuse center with a specific heroin treatment facility in the state of Wisconsin. DONALD O. BENSON, SR. AND ANNE C. BENSON SCHOLARSHIP This scholarship is awarded to sophomore or junior students who show potential, rather than proven, leadership abilities.
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