A $15 million gift from the Nancy Ann Hunt Foundation (a supporting organization of the Communities Foundation of Texas) will ensure the long-term support of one of SMU’s signature scholarship programs. With this gift, Nancy Ann ’65 and Ray L. Hunt ’65 will have contributed $65 million to the University’s Hunt Leadership Scholars Program – a nationally recognized scholarship program that attracts academically gifted and exceptional service-driven student leaders from across the country.
In 1993, the Hunts and SMU announced a vision to create an annually funded leadership program to preserve the well-rounded and entrepreneurial nature of SMU’s student body while the University grew its academic standing. They believed that an SMU education fosters, and benefits from, students who exhibit demonstrated leadership skills, intellectual ability, a spirit of entrepreneurism and a strong work ethic, combined with a desire to grow these skills and apply them in service of the community.
“SMU has benefited enormously from Nancy Ann and Ray Hunt’s historic generosity,” said SMU President R. Gerald Turner. “Today SMU receives three times the number of applicants than it did in 1993 with many now having proven leadership, entrepreneurial and academic strengths. Therefore, although the Hunts feel that the original program’s objectives have been accomplished, we were delighted when they agreed to make this significant gift that will enable the University to create an endowment to insure the long-term continuation of the Leadership Scholars program and the legacy that the Hunts have created.”
“We are grateful for the impact this program has had upon the lives of so many students, both at SMU and beyond, in terms of preserving and enhancing the entrepreneurial spirit and “Texas heritage” which Nancy Ann and I enjoyed years ago when we were both students at SMU,” said Ray L. Hunt. “We are honored that SMU wishes to sustain this program in perpetuity to meet the needs of students at SMU and the Greater Dallas community in the years to come.”
“Our intent was to create a scholarship program that would be based upon more than just strong academic credentials,” said Nancy Ann Hunt. “We wanted to help SMU attract truly outstanding students who demonstrate a strong potential to be a leader throughout their lives; young men and women who will stand up, speak out, and make a positive difference to a broader community. We firmly believe that Hunt Scholars represent that type of person.”
Ten million dollars of the Hunts’ gift will be placed in an endowment that will generate funds in perpetuity. The remaining $5 million will be spent over the next several years as the endowment matures, allowing time to develop additional sources of support for the Hunt Leadership Scholars Program.
— Written by Regina Moldovan