Donor offers `challenge grant` to seminary

A family who wishes to remain anonymous has offered a “challenge grant” of up to $200,000 to Concordia Seminary, St. Louis, to encourage gifts designated for student financial aid.

The donor has pledged to give one dollar for every dollar the seminary raises for student aid between now and June 30, provided the following criteria are met:

  • Donations must be between $100 and $11,400 each.

  • Donors must indicate that the gift is for “student aid” or “student financial aid.”

Other matching funds, such as Thrivent Financial for Lutherans “Giving Plus” or employer programs, will not be matched by the challenge grant, but “will nonetheless increase the impact of a donor’s gift if used in combination with the challenge grant,” according to the seminary’s Development Office.

The challenge grant is not contingent on raising an additional $200,000 but is a straight dollar-for-dollar doubling of each gift for student aid.  For example, if donors respond with a total of $150,000, the anonymous family will give $150,000 in matching funds.

“We are humbled by the generosity of this anonymous family and their desire to encourage other individuals to join in the effort to underwrite this year’s student financial aid commitments,” said Mark Hofman, the seminary’s vice president for development.  “Our prayer is that the response to this opportunity will be great, affirming the anonymous family’s stewardship and greatly encouraging our students as they journey toward graduation and placement.”

For more information, contact the seminary Development Office at (800) 822-5287 or development@csl.edu.

Posted April 20, 2006

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