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The Clark Endowment on May 31, 2005 was valued at $204.2 million, as compared to last year’s level of $186.3 million. The great majority of these funds have been provided to the University over its 118-year history by generous alumni and other supporters who have chosen to benefit Clark and its students in perpetuity. These donors have asked that their original gifts be invested, and that the annual income thereon be used to support the intended programs, primarily scholarships, fellowships and faculty chairs. The University’s total invested funds have grown in recent years, due both to investment performance and charitable contributions from generous Clark alumni and friends.
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Partnerships for College Success Grant
Clark University and the University Park Campus School (upcs) were selected to join three other university-high school partnerships in the Nellie Mae Education Foundation's Partnerships for College Success grant program. As part of the foundation's College Prep initiative, the new, multiyear grant is aimed at strengthening existing collaborations between universities and high schools that seek to improve college preparation and success for all students, particularly those from at-risk environments.
The Foundation's Partnerships for College Success grants support innovative and time-tested intervention programs, especially those that go beyond informing and motivating students to directly impacting high school and college achievement and attainment. Grants also support research, information dissemination, and program evaluation to develop, inform and advance best practices in the field.
Clark and upcs will receive funding over five years (beginning with $150,000 for the first year) and funds will be used to maximize the number of upcs graduates who earn degrees at two- and four-year colleges.
"The Nellie Mae Education Foundation has been a strong supporter of the University Park Campus School from the beginning," added Clark University President John Bassett. "Their continued support will allow us to add to the success we have achieved and create brighter futures for the youth in our community."
Along with the three other university-high school partnerships, Clark and upcs will work with the Woodrow Wilson National Fellowship Foundation to design, implement, share and document best practices related to improving college preparation, access, retention and completion for underserved students.
"We're eager to help the partnerships create more intellectual challenges for the students, as well as first-rate professional development for their teachers. We think this is an important opportunity to remove some barriers and help prepare students not only for college success, but also for fulfilling lives and careers," said Robert Weisbuch, president of the Woodrow Wilson National Fellowship Foundation.
The University Park Campus Schoo l, a neighborhood secondary school formed in partnership with Clark University and the Worcester Public Schools, opened in 1997. Because of its long hours and demanding curricula, upcs has been lauded as a model for collaboration between a university and an urban district. Students are able to attend Clark University free of tuition upon graduation, provided they meet certain residency and admissions requirements.
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President's Report 2005
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