Pfeiffer University announces establishment of The Theresa Newman Leadership Endowed Scholarship, created to honor Theresa Newman, who served Pfeiffer as secretary to the dean of student affairs for 28 years starting in the late 1960s. The scholarship, which will support emerging leaders in their junior or senior year at Pfeiffer, will be awarded for the first time in fall 2017.
Mrs. Newman, who lives in Albemarle, was unaware of a nearly two-year effort to develop the scholarship initiated by her former boss, Dr. Jerry Boone, who was dean of student affairs, 1969-82, and interim president, 2014-15. On April 30, at a gathering at the President’s House on Pfeiffer’s Misenheimer campus, Mrs. Newman was surprised by news of the scholarship while surrounded by family and former faculty, staff and students whose time at Pfeiffer intersected hers.
“For nearly three decades, Mrs. Newman served as an advisor and mentor to innumerable Pfeiffer students, becoming invested in their success and futures,” said Dr. Colleen Perry Keith, president. “The fact that her colleagues and so many alumni whose lives she touched as students have generously responded through gifts to endow a scholarship bearing her name is a testament of her impact on the entire Pfeiffer community.”
Endowed scholarships, which are established to honor or memorialize individuals, are considered fully funded when they reach an investment level of $25,000. At that point, the university is able to award scholarships from the earnings to deserving students. While return on investment contributes to the growth of the fund over time, ongoing donations can provide an increase in the value of the endowed principal, and subsequently, the annual scholarship award.
“I was an English professor who later became dean of students—but it was really Theresa who was the teacher,” said Dr. Jerry Boone. “There isn’t a person she encountered who didn’t learn from her.”
To contribute to The Theresa Newman Leadership Endowed Scholarship, visit https://community.pfeiffer.edu/newmanfund.