Bruce Karsh '77, a Duke trustee, and Martha Karsh, his wife, have pledged $20 million in endowment funding to support financial aid for undergraduate students from foreign countries—the largest gift devoted to international undergraduates in Duke's history.
Most of the gift, $15 million, will be used to establish an endowment that provides need-based scholarship grants; an additional $2.5 million will be used to create a separate endowment to provide enhanced benefits to international students, including an expanded orientation program and financial assistance for travel home.
The remaining $2.5 million will be used to establish an endowment to support the Karsh International Scholars Program. This new program will provide funding to a select group of international students for three summers of research or research-service opportunities in Durham, around the U.S., or abroad. The program is expected to support summer stipends for about twenty scholars, who will be selected through a competitive process.
In announcing the gift, President Richard H. Brodhead acknowledged that need-based financial aid for international students had been limited in the past. "We will now be able to admit many more who require financial aid, enriching our community and advancing Duke's global connectivity," he said. Currently, 416 international students are enrolled in Duke's undergraduate schools.
April 1, 2008