Davidson College Gets $25-Million for Scholarships
May 21, 2012
An alumnus of Davidson College has given $25-million for scholarships to the North Carolina institution, says The Charlotte Observer.
Ted Baker, a businessman and 1957 graduate of Davidson, gave the money to support the Baker-Vagt Scholarship, which he previously created to help students who are in financial need.
The current gift is the second largest the college has ever received, said Davidson officials. Mr. Baker has served as a trustee at the institution, where 47 percent of students receive some form of financial aid.
