The College has received a $2 million gift from William
R. Grant '49 of New York City for the renovation of the house at 3
Library Lane to become the home of admissions and financial aid.
The building formerly housed the Alpha Delta Phi
fraternity.
The gift adds to Mr. Grant's just-completed pledge of
$1 million to the College.
“This gift will enable Union to develop an
admissions and financial aid office that is truly first-rate and
representative of the institution's reputation as a leader in higher
education,” Grant said. “Equally important, however, is the
message this gift sends to my fellow alumni to remember an important part
of their life that helped them achieve success.”
Grant is chairman and co-founder of Galen Associates, a
$1 billion venture capital firm. At his request, he will manage the funds
earmarked for the project “with the intent of contributing in excess
of my commitment.” The gift will be paid by Jan. 1, 2005.
“Bill has an unwavering commitment to this College,
and his generous gift ensures that Union meets a critical need for an
admissions office that is second to none,” President Roger Hull said.
“He serves as a model for alumni looking for innovative approaches to
supporting the College.”
Grant's contributions to Union College are numerous.
As an alumnus, he served as an alumni trustee from 1962-70, a term trustee
from 1970-73 and from 1984-92, and was named Trustee Emeritus in 1992. He
established the W. Grant Endowment Fund for Athletics in 1983, and the
William V. and Adelaide M. Grant Memorial Scholarship in 1987. In 1999, he
received the College's Alumni Gold Medal.