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| Special endowments further enhanced by planned estate gift |
The Clara Elizabeth Davidson Women's Resource Center, a beautifully appointed two room suite endowed by GMI/Kettering alumnus and donor Colonel (ret.) John A. Faiola, is the most elegant setting on campus. Edith Withey, then Director of Women's Programming, selected the décor and furnishings. "Colonel John" as he is sometimes called, has a special place in his heart for the women students, a minority population, at Kettering.
Colonel John: "Women students at Kettering need encouragement and support in Kettering's predominantly male environment. In honor of my first wife, Clara Elizabeth Davidson, an intelligent, beautiful, accomplished and independent woman, I worked with Edith to find ways to support, recognize, honor and educate young women at Kettering. The Clara Elizabeth Davidson Women's Resource Center is a perfect setting for this."
Through current gifts and his endowments, Colonel John makes it possible to offer events and "extras" that enrich the student experience, especially for young women.
Colonel John: "The annual "Women of the Year" Awards event recognizes high achievement and community service. It is rewarding to hear about the elegant banquet and read about the young women and their significant accomplishments. Kettering University should be proud that so many remarkable women choose to study at Kettering."
Colonel John's second endowment, "The Women's Resource Center Financial Education Endowment", funds programs and activities designed to increase the financial education and skills of women students.
Colonel John: "My goal is to provide education for the co-eds about financial instruments, the World Bank, the Federal Reserve Bank, the Export-Import Bank and how these institutions individually and collectively affect the US and the world economies. Many people have never heard of the Rule of 72, for example."
To provide Kettering University with an enduring source of financing for specialized education such as this, Colonel John has arranged for an estate gift to eventually increase his Kettering University endowed accounts to make an even greater impact.
Colonel John: "Educating young people, especially women, about financial management, the rewards and pitfalls of investments and more, gives them the tools essential to create a financially secure life. This affects not only the young women themselves, but also influences all the people they touch in the future."
Today, Virginia Hill, Student Affairs, continues to work with "Colonel John" to carry on the tradition of the Women of the Year Award and special women's programs. "Kamp Kettering", an outreach program for 7-8th grade girls, is also supported by Colonel John and capably directed by Virginia Hill, affectionately known by the young girls as "The V".
Colonel John: "Remember, I am only doing what the late C.S. Mott professed. He primed the pump for various projects. Mott also said that it isn't how much money you have, but what you did with it. I would urge anyone to "Leave a Legacy" to the institution that started you on your career to success."
You can endow a program, laboratory, or scholarship with a minimum of $25,000. Each year after the initial year of funding, 5% of your endowment's value is available for Kettering to spend. With investment growth and additional contributions, perhaps through an estate gift as Col. John has arranged, the impact on future students and all those they in turn influence, is immeasurable.
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