Walker Foundation Gives Generous Gift

Siloam Springs, Ark. (January 12, 2006) — John Brown University is pleased to announce that the Willard and Pat Walker Charitable Foundation has pledged $500,000 to JBU’s Endowed Scholarship Fund to benefit students in the Biblical Studies Division.

JBU is hosting a luncheon tomorrow, Friday, Jan. 13, to announce the gift and to thank and honor Mrs. Pat Walker. Students and faculty from the Biblical Studies Division will meet with Mrs. Walker and Ms. Debbie Walker, executive director of the Walker Foundation, at the lunch.

The Walker Foundation gift will be matched with $500,000 from JBU’s $10 Million Challenge campaign to create a $1 million endowment. This Walker Endowment fund will provide significant scholarships to 15-20 students each year beginning in the Fall 2006 semester.

“JBU is deeply grateful to the Walker Foundation for this wonderful gift. It will benefit JBU students for generations,” said Dr. Charles Pollard, president of JBU. “The students in our Biblical Studies Division are some of our finest. They go out from JBU to become leaders in churches, camps, youth programs, missions, and social services organizations throughout Northwest Arkansas and around the world. The Walker Scholarship fund will make a great difference in helping these students earn their JBU degree and continue to serve others.”

The Walker Foundation has designated its funds to students working toward a degree in the Biblical Studies Division. This includes students who are studying Biblical and Theological Studies, Cross-Cultural Services, Children and Family Ministries, Outdoor Leadership Ministries, Youth Ministries, and Family and Human Services.

“We are very thankful for this generous gift from the Walker Foundation,” Dr. Jim Krall, vice president of university advancement said. “Their commitment to students is a blessing to everyone at JBU, and this gift will be instrumental in helping us meet the $10 Million Challenge.”

Last October, JBU publicly announced the $10 Million Challenge, a campaign initiated by an anonymous donor who pledged $5 million in matching funds toward endowed scholarships. The matching funds will be awarded to the university as corresponding gifts are received from other donors. Ultimately, the challenge will increase JBU’s endowment and long-term investments dedicated to endowed scholarship funds by $10 million dollars. The university has three years to raise its $5 million share of the challenge in order to receive the full amount pledged by the anonymous donor. With the help of the Walker Foundation and many others, JBU has already received new gifts valued at over $1.5 million, representing 30% of the challenge, in the first six months of the campaign.

Currently, $13 million of JBU’s $49 million endowment is reserved for scholarships. When JBU meets the challenge goal, its commitment to scholarships through endowment and long-term commitments will rise significantly.

If you would like to discuss participating in JBU’s endowment challenge, contact Dr. Krall in University Advancement at (479) 524-7140.

John Brown University is a private Christian university, ranked sixth by U.S. News & World Report in the Southern Region. JBU enrolls more than 1,900 students from 43 states and 40 countries. JBU is a member of Arkansas’ Independent Colleges and Universities and the Council for Christian Colleges and Universities.