Texas A&M-Kingsville Foundation Announces $4.5 Million in Endowments, Matching Gift Funds

KINGSVILLE - June 08, 2017

Contact: Jason Marton
Email: jason.marton@tamuk.edu
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A host of academic and athletic scholarships will be covered with an estate donation announced by the Texas A&M University-Kingsville Foundation. 

More than $4 million, from a gift by the Estate of J.R. Welhausen, will be used to establish $500,000 endowments for the university’s academic colleges—the Colleges of Arts & Sciences, Business Administration, Education and Human Performance, Engineering, and Agriculture, Natural Resources and Human Sciences. The endowments will be used toward scholarships and recruitment for each college. 

In addition, further endowments of $500,000 each have been established toward scholarships for the Department of Intercollegiate Athletics and the Presidential Scholarship Series. 

The Presidential Scholarship is offered to incoming college freshmen that plan to attend Texas A&M University-Kingsville. It is a four-year, continuing scholarship pending the student’s completion of the yearly renewal requirements. The amount a student is offered varies from $1,000 per year to full tuition and fees, books, and room and board. Other parts of the Presidential Scholarship Series include the Presidential Transfer Scholarship and Presidential Graduate Fellowship programs. 

Finally, a matching fund of $1 million will be used to double the size of any new endowment established with at least $50,000, with the fund to carry the Welhausen name. 

The Welhausen Estate originally made a gift of land to the university’s Foundation in 1980. The Foundation sold the land in 2012, and part of the proceeds from the sale now are being dedicated to the mission of the university. 

Dr. Steven H. Tallant, president of Texas A&M-Kingsville, said, “I really applaud the Foundation Board for putting these funds to work for the university. This will help us attract more students and achieve our goals for enrollment growth. We are grateful to Mr. J.R. Welhausen for his original gift, and excited that his gift ultimately supports every college on campus.” 

Leonard Bedell, Foundation Trustee and Class of 1968 alumnus said, “With all the concern about declining support from the State, the Texas A&M-Kingsville Foundation is working to enhance our university. I’m very proud of the Board of Trustees for establishing new endowments with these available funds. We need to encourage private support for the university that we all care so deeply about, and doubling a donor’s endowment gift will do that.” 

-TAMUK-