Culver Academies Receives Gift of Up To $70 million

Culver AcademiesFrank and Jane Batten have made a two part gift to the Culver Academies that could total $70 million. $20 million of the gift goes toward the creation of the Batten Fellows program which will insure competitive faculty salaries and development opportunities. $50 million of the gift sets-up the Batten Leadership Challenge which will match endowment gifts up to $50 million. Successful completion of the full match will bring the Batten’s Culver commitment to over $100 million.

Mr. Batten cites Culver’s positive influence on his life as motivation for the gift:

“Culver was a very positive influence in my life at an impressionable age with its unique emphasis on individual responsibility, ethical decision-making, and student leadership. Jane and I are pleased to give back to present and future students what was given to me.”

John Buxton, Culver’s head told an interviewer:

“This is the gift every head of schools in the country dreams about. The Batten Fellows Program may be the most generous gift for faculty salaries in the history of secondary school philanthropy. The gift benefits those who make the real difference in students’ lives: the faculty. Culver may be the first school in the country to have such an endowment. We are extremely grateful to Frank and Jane Batten for making such a program possible for Culver. This gift will allow us to recognize excellence in teaching and to promote its faculty in a more appropriate way.”

Mr. Batten is Culver Alumnus, an emeritus member of Culver’s board and the retired CEO of Landmark Communications which recently sold The Weather Channel to a consortium of NBC, Blackstone Management Partners and Bain Capital Partners.

You can read Culver’s news release on Marketwire.

Photo credit: Devonaire Eye

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