Already recognized nationally for its outstanding study-abroad program, Indiana University and Hutton Honors College have received two more recent gifts that will provide honors students with greater financial support for studying abroad.
A $500,000 gift for the Edward L. Hutton Foundation will provide needed funding for high-achieving students who seek international experiences but are challenged by difficult economic times.
“Given the current economy and the surge in costs for airfare, living expenses and program fees, this generous gift and the IU match couldn’t come at a better time,” said Matt Auer, dean of the Hutton Honors College. “We’re thrilled that a second generation of Huttons shares our passion for study abroad.”
With the new funding and match from IU, the Hutton International Experiences Program will enable 600 students annually to incorporate international experiences into their academic programs.
Another gift of $100,000, to be divided between HHC and the College of Arts and Sciences, has come from an alumnus, Devesh Shah, through a Goldman Sachs charitable giving program. The funds will be used to support students studying abroad in developing nations, and to support those thriving academically who have financial needs.
Shah graduated in 1997 with an individualized major in applied mathematics in finance. When he arrived at IU, he knew no one on campus, but among several university faculty who helped and mentored him, he included former Hutton Honors College Dean Julia Bondanella.
According to Hutton Honors College Dean Matt Auer, the Goldman Sachs Scholarship is open to any undergraduate who meets academic and financial requirements.
“Over the past few years, the Hutton Honors College has encouraged high-achieving IU undergraduates to ‘go off the beaten track’ when they travel abroad to study, intern and volunteer,” Auer said. “This generous gift from Devesh Shah and Goldman Sachs is in sync with our goal of promoting profound learning experiences and personal development opportunities in nontraditional locations worldwide.”
In 2011-2012, HHC provided almost $745,000 for overseas study and volunteer experiences, along with nearly $324,000 for grants for research and internships and approximately $15,000 through a student funding board for student-generated extracurricular programs.