In 1996, Peter Gerlich ’73 made a decision that would impact not only his life but also countless others for generations. In that year, he created an endowed scholarship at Texas A&M University that would be the catalyst in jump-starting lasting friendships and careers that impact communities.
When Gerlich created the Clara and R.W. Gerlich ’40 Endowed Opportunity Award, he had two goals: honor his parents by continuing their legacy, and benefit future generations. “I was fortunate enough that my parents paid for my college education,” Gerlich explained. “Over the years, I was trying to decide, ‘What can I do to honor them and thank them for all they’ve done for me?’ I also wanted to help deserving students cover the cost of college and achieve their dreams.”
The story of Gerlich’s scholarship reveals the power of one of the most impactful types of gifts out there: an endowment. Every endowment created through the Texas A&M Foundation is invested in a long-term investment pool to provide annual returns that support students year after year. Because of this, scholarships like Gerlich’s are permanent philanthropic tools. In less than 30 years, his scholarship has already helped multiple recipients earn their degrees and start careers, impacting not only their lives but also creating ripple effects through every life they touch. Meet three of these recipients, hear where they are now, and get a glimpse of the power of an endowment.
The Health Care Hero
Dani Kennedy ’05 was planning to attend the University of Arkansas and was in the process of choosing her dormitory there when a letter prompted her to reevaluate. “Congratulations!” It told her. “You have been selected to receive the Clara and R.W. Gerlich ’40 Endowed Opportunity Award at Texas A&M!” The financial advantages offered by the Gerlich scholarship turned the would-be Razorback into an Aggie.