Says there was not time to finalize matters because gift was ‘linked to significant capital market event’
DANVILLE, Ky. (Sept. 9, 2013) — Centre College and the A. Eugene Brockman Charitable Trust have determined not to continue discussions regarding a potential new scholarship program at the college, according to President John Roush.
The trust’s intended major gift to fund the program was linked to a significant capital market event, which put considerable time pressure on efforts to structure the gift and the proposed scholarship program. The parties determined that it was not possible to finalize these matters and get the required approvals from both sides in the time available.
Richard Trollinger, vice president for Centre College Relations, offered thanks to Mr. Evatt Tamine, the trustee of the Brockman Trust.
“The Brockman Trust has been a longtime friend and important partner of Centre College,” Trollinger said. “Having made a number of generous gifts over the years to update and enhance our campus, this partnership has helped to transform our campus and make our facilities state of the art. Our collaboration with the Brockman Trust has made us better in many ways and will continue to do so for a very long time.”
The administration and trustees of the college remain inspired by the possibility of such a bold new program that focuses on leadership and entrepreneurship.
“We will continue to pursue the goal of such a program designed to prepare students as leaders and entrepreneurs,” Roush said. “A taskforce of trustees, faculty, staff and students will be assembled to continue this conversation.”