AMHERST, Mass. - Angie and former UMass President John Lederle have made a gift of more than $168,000 to Campaign UMass, the University''s five-year comprehensive campaign to raise $125 million, increase advocates, and enhance the image of the University. The gift will set up a Charitable Remainder Unitrust, the ultimate proceeds of which will create an endowment for the benefit of the Equine Studies Program.
A passionate lover of horses and a rider for much of her life, Angie Lederle said the gift is a way of giving the University something in return for introducing her to the joys of riding.
"When John and I came here from Michigan in 1960 I had ridden only a few times," Mrs. Lederle explains. "Then some of the students at the stables invited me to go riding and from that point on I was hooked."
The fund - known as the Angie K. Lederle Equine Studies Endowment - will be held and managed by the UMass Foundation. As a charitable remainder trust, $50,956 of the gift will qualify for matching funds from the Education Endowment Incentive Program, which was created by the state legislature to make available additions to the University endowment. Annual distributions from this endowment will be used to purchase and breed horses, to fund student travel to equestrian events, and to purchase and maintain tack, riding equipment, and horse trailers, among other initiatives.
Echoing his wife, John Lederle says the donation is a way of giving something back to the University, though in his case it might be said he is giving even more. During his tenure as the University''s 15th president, between 1960 and 1970, Lederle created much of what is known as UMass today. Under his guidance, student enrollment tripled, going from 6,495 to nearly 21,000; faculty numbers also nearly tripled, going from fewer than 400 to nearly 1,200; the number of buildings on the Amherst campus increased from fewer than 30 to more than 70; and the University grew from a little-known school into one of the nation''s major research institutions. Also while Lederle was president, the campus at UMass Boston and the UMass Medical School in Worcester were both established. The Graduate Research Center at UMass Amherst was named in Lederle''s honor in 1983.
"It was a very exciting time, back then, and I think we are entering exciting times again," says Lederle. "That''s why my wife and I wanted to make this donation. We want to do everything we can to help Campaign UMass."