Seattle Pacific Foundation
SEATTLE PACIFIC FOUNDATION
The Wellspring Society
Significance Newsletter
(pdf)
ABOUT THE SEATTLE PACIFIC FOUNDATION
The Seattle Pacific Foundation, established in March 1979, was immediately charged with the goal of "Endowing the Future of Seattle Pacific University." Through the vision and foresight of alumni, the Board of Trustees and the University administration, it was realized that increasing costs would place difficult financial burdens on both students and programs if solutions were not found. By implementing this focus on endowment growth; not only has progress been made for the future, but also thousands of students have already benefited from scholarships funded by endowments.
Through the ongoing gifts of alumni and friends and the prudent investment management of the Foundation's staff and volunteer board, progress is being made in meeting financial aid needs. During this current academic year, SPU students will benefit from over $1,054,000 in scholarships that are directly funded by over 203 separate endowment funds. While a significant contribution, it is still far short of what is really needed.
Established as a separate nonprofit supporting organization with its own board of directors and investment committee, the Seattle Pacific Foundation provides professional management for the University's endowment. An endowment is a fund set aside and invested for the purpose of earning income that can then be used to provide scholarships or support for academic programs. The principal amount of each endowment is kept intact so it can continue to earn income in perpetuity. Enlarging the endowment base makes it possible to increase financial aid assistance and in turn to help more students who want to attend SPU.
Seattle Pacific Foundation
3307 Third Avenue West, Suite 108
Seattle, Washington 98119-1922
888-591-9778
spf@spu.edu
Seattle Pacific Foundation Staff
- ANNOUNCEMENTS
- EVENTS
5.13.2008
Second Annual Wellspring Society Luncheon- Seattle Pacific University
Tuesday, May 13, 2008
Noon to 1:30 p.m.
- Free to all SPU Wellspring Society members (anyone who has included a future gift to SPU in their will or other financial or estate plans). For more information or to find out if you qualify for Wellspring Society membership, please contact the Seattle Pacific Foundation at 206-281-2702.
6.10.2008
6:30 p.m. Reception
7 p.m. Program
- Beachwood Lounge
Warm Beach Senior Community
As the field of nursing care experiences rapid change, Seattle Pacific University is recognized throughout the region for the high quality of both its nursing program and its nursing graduates. No one knows that better than dean of the School of Health Sciences Lucille Kelley.Come hear Kelley’s exciting vision for innovative professional nursing leadership at SPU. Discover the exciting uses for high definition simulators (adult and infant mannequins that can be programmed to display symptoms for a variety of ailments). Come meet the high-tech baby that puts the assessment abilities of SPU nursing students to the test!
Parking is limited; please carpool. For additional information, and to RSVP, call 206-281-ALUM.
ENDOWMENTS
- 3.31.2008
John M. Root Teacher Education Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the John M. Root Teacher Education Endowment. This gift is given by Leonard and Edith Root in memory of Leonard’s father, John M. Root. Both Leonard (Class of 1950) and Edith (Class of 1949), along with their two children and Leonard’s father, John, are SPU alumni. The couple has used their degrees to serve a combined total of 64 years in the South King County School District. Continuing their lifelong commitment to education, Leonard and Edith intend this fund to provide scholarships for undergraduate students enrolled in the teacher education program.
- 3.31.2008
Bartholomew Edwin Wall Memorial Faculty Development Endowment
Seattle Pacific University is pleased to announce the establishment of the Bartholomew Edwin Wall Memorial Faculty Development Endowment. This gift is given by Robert and Elizabeth Wall in memory of their grandson, Bartholomew Edwin Wall. Robert and Elizabeth’s son, Robert W. Wall, has served on the faculty of SPU since 1978, and currently chairs the Department of Christian Scriptures in the School of Theology. With the belief that faculty members of a world-class university should receive ongoing education in their academic disciplines, Robert and Elizabeth intend this grant to fund faculty development in the School of Theology.
2.29.2008
Orville D. Parnell and Vera Miller Parnell Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Orville D. Parnell and Vera Miller Parnell Scholarship Endowment. Orville graduated from Seattle Pacific in 1938, the same year as his late wife, Vera. After earning a master's degree in religion from Pasadena Nazarene College and a master's degree in reading from the University of Oregon, Orville had a long and distinguished career as a teacher and principal.
He established this endowment in part to honor the memory of C. Hoyt Watson, president of Seattle Pacific from 1926–1959, who provided employment opportunities to Orville that enabled him to remain in school. The fund will support scholarships for students who need financial assistance to continue studying at SPU.
2.13.2008
O. Karl Krienke Undergraduate Research Endowment
SPU is pleased to announce the establishment of the O. Karl Krienke Undergraduate Research Endowment. Karl Krienke earned his B.A. and his M.A. from Seattle Pacific in 1953 and 1955 respectively. He served as professor of mathematics and physics at Seattle Pacific from 1953 to 1997 and as dean of natural and mathematical sciences from 1980 to 1994.
The purpose of this endowment is to provide summer stipends for undergraduate research students and their Seattle Pacific faculty mentors, to fund research supplies, and to support the dissemination of undergraduate research findings in print and at local, regional, and national conferences.
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2.1.2008
Wallace Family Endowment for the School of Business and Economics
SPU is pleased to announce the establishment of this new endowment by Robert C. and Joan S. Wallace. Robert (Class of 1969) and Joan (Class of 1969) Wallace, their daughter, and Robert’s mother and father are all Seattle Pacific alums. In addition, Robert and Joan, and Robert’s father, have all served on the Board of Trustees.
The purpose of this endowment is to provide funding for the School of Business and Economics’ Center for Integrity in Business.
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12.17.2007
Dudley Family Scholarship Endowment
SPU is pleased to announce the establishment of the Dudley Family Scholarship Endowment. This gift is given by Steve and Gabrielle Dudley and their children, Renee and Daniel. Gabrielle graduated from SPU in 1982 and Renee is an SPU sophomore; Daniel arrives at SPU in Autumn 2008. - The purpose of this permanent fund is to provide scholarships for undergraduate students who have demonstrated high academic achievement and financial need. Further, the scholarships will be awarded to students who have demonstrated an outstanding commitment to student leadership activities and/or other forms of Christian service, and who have the potential to best exemplify Seattle Pacific’s mission to graduate students of competence and character to engage the culture and change the world.