(September 8, 2015)
Centenary posts best fundraising year since 2009
SHREVEPORT, LA — Centenary College completed its most successful fund raising year since 2009 by finishing its fiscal year on June 30 with $10 million in total giving, including a generous $7 million endowment gift from the Stoer Foundation funded by the estate of Newton B. Stoer.
"This gift is a testament to the vision and generosity of Mr. Stoer, who made this commitment over 40 years ago," said President David Rowe. "We are grateful that he counted Centenary among the most important institutions in the Shreveport community that he chose to benefit from his estate."
Centenary received one-third of the Stoer estate gift, with two other substantial gifts going to support Shreveport's First Presbyterian Church and the Cathedral of St. John Berchmans. Funds from the Stoer gift will be directed toward supporting a new generation of Centenary students.
The impressive $10 million year includes more than $3 million raised through the annual giving campaign, with the majority of gifts directly supporting scholarships for Centenary students. During the 2014-2015 academic year, the College awarded nearly $9.5 million in institutional aid, benefitting 98% of its undergraduate students.
"Successful fiscal years like this one help Centenary fulfill its mission with confidence," said Fred Landry, Vice President for Advancement. "With the generosity of our supporters as a firm foundation, the College rewards deserving students with scholarships and grants that make it possible for them invest in their own future through a Centenary education."
In addition to receiving academic accolades from Forbes Magazine and The Princeton Review, Centenary recently earned Forbes' only "A" grade for financial health in the state of Louisiana.