Foundation Receives Inaugural Gift to its Scholarship Endowment Fund

We are delighted to announce that the Foundation has received the first major donation towards its Scholarship Endowment Fund from C. Stephen Heard Jr. (’58) and his wife Susan Renfrew Heard. The fund, initiated this year and separate from day-to-day accounts, seeks to raise sufficient capital to permanently finance the operations of the FDR Suite Foundation, its collections and preservation programs, as well as its educational initiatives, including the new Franklin Delano Roosevelt Global Fellowship Program.

While the Foundation hopes to finance future scholarship outlays from income derived from investment, given the Heards’ enthusiastic donation, the decision was taken this year by the Foundation directors in conjunction with Adams House Masters Judy and Sean Palfrey to launch the initial year of the FDR Global Fellowship Program through direct contribution.

For the summer of 2013 the Foundation will offer a new grant to support summer undergraduate field-research, experience or study in the areas of international relations, international trade, economic affairs and development, global governance and affairs, international languages, humanities, sciences or global medicine, to be guided by the spirit of FDR’s Fourth Inaugural Address: “Today, in this year of war, 1945, we have learned lessons—at a fearful cost—and we shall profit by them. We have learned that we cannot live alone, at peace; that our own well-being is dependent on the well-being of other Nations, far away… We have learned to be citizens of the world, members of the human community. We have learned the simple truth, as Emerson said, that, ‘The only way to have a friend is to be one.’”

Participants will be known as Franklin Delano Roosevelt Fellows.

The Foundation will award one grant this year. The size of the grant will vary depending on the country of destination, length of stay, and type of program in which the recipient will be participating, as well as on the applicant’s individual budget and financial need.

Current Harvard College freshmen, sophomores & juniors are eligible to apply, with special consideration given to students from FDR’s own Adams House. The FDR Global Fellowships are restricted to students who 1) can demonstrate family income below 50K per year and  2) who would otherwise have to work during the summer to meet term-time expenses. The Foundation will grant up to $6000 for summer expenses, as well as an additional stipend of up to $4000 upon successful completion of the summer program to make up for lost summer wages, the amount being determined by the student’s previous summer earnings.

Susan & Steve Heard at Harvard Yale 2012

Emphasizing the non-partisan nature of the Scholarship Endowment Fund, it’s fitting that the initial gift was received from an avowed South Carolina Republican from Leverett House. Heard, a successful attorney who worked his way through Stanford Law, put it this way:  “Over the years, I have come to realize that Harvard gave me a road map that changed the way I look at everything. But that was just the beginning.  My journey was equally enriched by an incredible three years in Spain – in a prospering, peaceful Europe, a Europe due in no small part to a certain Franklin Roosevelt and his internationalist vision of a post-war world. So when I learned that a scholarship was being organized in FDR’s memory to provide a period abroad for some deserving young man or woman, Susan and I knew we wanted to participate.  May each recipient find their own new and exciting road map through this opportunity.”

The Scholarship Endowment Fund actively seeks your support. For more information, contact Michael Weishan ’86, Volunteer President, FDR Suite Foundation Inc.

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2 comments on “Foundation Receives Inaugural Gift to its Scholarship Endowment Fund

  1. Doug Carver on

    Wonderful news, Michael. And a tremendous reward for all your efforts. Though hard work is never enough to succeed. Imagination and intelligence are required as well, and as this event demonstrates you have these in abundance.

    Doug

    P.S. And I’ll be sending my modest, very modest, contribution to you in the next days.

    • Michael on

      You’re too kind sir, and all contributions, modest or otherwise, are most welcome. Thanks for all your support!

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