Thursday, November 8, 2012

Donald W. Reynolds Foundation announces gift to RJI

This morning, University of Missouri announced a $30.1 million endowment gift to the Donald W. Reynolds Journalism Institute. The Donald W. Reynolds Foundation funded the gift, which is the largest gift specifically for endowment in the state of Missouri. Donald W. Reynolds is a 1927 graduate of the Missouri School of Journalism

Chancellor Brady Deaton said this gift provides media researchers a continuing role in serving the citizens and democracy with their journalistic work and cutting-edge research projects.

Roger Gafke, Director of Program Development at RJI introduced Steve Anderson, president of Donald W. Reynolds Foundation, to give remarks. Anderson said that endowment funds are unusual for the foundation, and the gift is given to continue RJI’s mission to change.

“Smartphones and blogs weren't even talked too much about when we made the grant on 2003,” Anderson said. “Who knows what will happen in the next few years.”

Hannah Watts, Stewardship Coordinator at the Office of Donor Relations, said it is monumental to receive such a gift.

“When you have a gift that’s to endowment like that, it’s a huge commitment and shows their investment in the future,” Watts said. She explained that they invest it and that RJI can use a portion of it each year.

The gift announcement ended in an anecdote about over-pouring maple syrup across the table when Missouri School of Journalism educators heard about the last announcement. As a takeaway, pure maple candy from Maple Grove Farms was distributed.

Here are 3 photos from the event:

1.  Portrait of Hannah Watts

2. Roger Gafke introducing Steve Anderson

3. Pure maple candy basket

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