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Alan and Sherry Leventhal. Photo by Vernon Ducette |
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Alan Leventhal, chairman of Boston University’s Board of Trustees, and Sherry Leventhal, his wife, have offered a gift of $5 million to encourage other gifts to the University by matching donations in two categories. Unrestricted contributions to a new Fund for Leadership and Innovation, to be allocated at the discretion of the next University president, will each be matched by an equivalent contribution. Gifts for which the giver designates a particular use will be matched at a rate of .5 to 1. The Leventhal funds are intended to encourage significant gifts to the University and so with some exceptions will match gifts at a minimum of $100,000.
Contributions to the Fund for Leadership and Innovation will be expendable rather than going into an endowment, allowing the new president broad latitude to set priorities and create professorships and scholarships, and support research and construction, for example. “In my many years in academia, I am unaware of a new president being provided with such an innovative funding opportunity,” says President ad interim Aram Chobanian.
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