Donor gives $2.5 M
Vice President of Development and Alumni Affairs Stanley Colla said Kent Klineman 54 recently gave the College $2.55 million in the form of a life-income trust. Colla said a life-income trust is a donation that is not avaliable for College use until a time to be specifed by the donor. Meanwhile the College will invest the donation and return the interest to Klineman or whomever he designates. After a time set by Klineman the proceeds from the trust will support the Hood Museum and the general endowment of the College, Colla said. "Its really a remarkable and generous contribution," Colla said. Deputy Director of Development William Davison, who met with the donor yesterday, refused to release more information about the donor.
