Annual Report Fall 2016

Page 46

EndowedSupport

Endowed Support A gift that yields high returns Endowed support is a cornerstone of private giving in higher education. As of May 31, 2016, the college’s endowment stood at $104,297,917. Additionally, 12 new endowed scholarships were established at Canisius.

DONOR PROFILE

New endowed fund continues legacy of late Emmett Reilly ’85 Emmett L. Reilly ’85 gave new meaning to the term “paint the town,” during his lifetime. Well before Buffalo’s renaissance, the late president of the John W. Danforth Co. helped to revitalize the city as co-chair of Brush-Up Buffalo. The not-for-profit brought together public and private resources and hundreds of volunteers, to give city homes fresh coats of paint. Reilly helped establish the community initiative in 1996.

An endowed fund is a gift made with the stipulation that the principal can never be spent; only earnings over and above the principal can be expended. These earnings provide a perpetual source of support for student scholarships and key academic programs. Just this last year, Canisius awarded more than $3.1 million in endowed funds, up 3.12 percent from the previous year. For more information or to make an endowed gift, contact Ginny S. Dadaian, director of stewardship & events, at 716.888.8217 or dadaiang@canisius.edu.

N E W EN DOW ED F U N DS Talal Abu-Ghazaleh International Scholarship The Jane Baryza Scholarship Fund Kurt C. Bingeman ’71 Memorial Scholarship

Today, Reilly’s legacy for a beautified Buffalo lives on through the Emmett L. Reilly ’85 Fund for Community Service. Established by Reilly’s parents, Helen and the late Wayne ’51, the fund supports Canisius Community Days, a biannual event that enlists alumni, student and staff volunteers in a unified neighborhood cleanup effort.

The Catherine E. ’72 & Robert M. ’66 Greene Scholarship in Honor of President John J. Hurley

“The Emmett Reilly Fund has had a meaningful impact on the largest of all Campus Ministry’s service programs and, by extension, the greater Buffalo community,” says Campus Minister Mike Hayes who notes that the endowment also provides financial support for Campus Ministry programs “that feed the city’s hungry and homeless.”

Robert E. Levi ’54 Scholarship

The Emmett Reilly Fund is the second of two endowed funds established by Helen and Wayne Reilly. The couple also created the Wayne R. Reilly ’51 Family Scholarship, which supports incoming freshmen who demonstrate both academic merit and financial need.

The Theodore H. Hausle ’46 Memorial Scholarship Fund John R. Kennedy Scholarship

Dr. Angelo A. Licata ’66 Scholarship Fund The Emmett L. Reilly ’85 Fund for Community Service Dr. Robert F. Tidd ’47 Award for Distinction in Mathematics Endowed Fund Phyllis & Richard Ulmer Scholarship Fund The Gerald Zon ’67, PhD, FRSC Scholarship in Chemistry and Biochemistry


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