Universities and colleges--Finance; Universities and colleges--Endowments; Presbyterian universities and colleges; Cedar Rapids (Iowa); Coe College
Format
correspondence
Genre
Business correspondence
Date
Between March 12, 1906 and 1963
Physical Description
microfilm, 16 mm, b&w
Note (Reel no.)
Reel 70
Note (Status of gift)
Promised and made
Note
PDF may contain multiple grant documents.
Science Building; Library Building
Date based on grant approval.
Note (Historical note)
Leander Clark College, originally named Western College, was a college in Iowa, United States. It operated from 1857 to 1919, when it was absorbed into Coe College...In 1906, Western College changed its name to Leander Clark College in honor of a loca l benefactor, Major Leander Clark, a United Brethren member who donated $50,000. The college had made an announcement in 1902 promising to change its name in honor of anyone who would donate $50,000 to start an endowment fund to help the school resolve its financial troubles. In 1903, Clark responded to this announcement with a promise to donate that amount if the college could raise an additional $100,000 for its permanent endowment before January 1, 1906. The college met Clark's challenge in 1905, largely because of a $50,000 donation from Andrew Carnegie. In spite of that assistance, the college went bankrupt and merged with Coe College in 1919, bringing a $200,000 endowment to the merger along with its faculty and students. The Leander Clark campus became a state juvenile home." [SOURCE: "Leander Clark College." Wikipedia, https://en.wikipedia.org/wiki/Leander_Clark_College. Accessed 4 Sep. 2018.]