$2 million gift to benefit scholarship fund
June 29, 2010
A gift of timberland in Florida is expected to produce a stream of income for Bryan College, making it one of the largest contributions in recent years, President Stephen D. Livesay has announced.
Holland Ware, a philanthropist and self-described tree farmer from Georgia, has donated 1,263 acres of managed timberland near Tallahassee, Fla., to the college, Dr. Livesay said. The college will continue to actively manage the property for the foreseeable future, with revenues expected to total some $357,000 over the next five years. The property itself is valued over $2 million.
“Mr. Ware once again has demonstrated his commitment to education and his regard for Bryan College with this gift,” Dr. Livesay said. “Earlier contributions over $1.3 million endowed Presidential scholarships and assisted with other projects. This significant gift will provide continuing support for the college as we continue to offer a quality Christ-centered education to a growing number of students.”
Blake Hudson, Bryan’s vice president for advancement, said the income would be used to support the Bryan College Scholarship Fund. “We anticipate a substantial increase in our fall enrollment, and Mr. Ware’s gift will help to meet the financial aid needs of these additional students.”
Mr. Ware is a native of Hogansville, Ga., where he began his timber business more than 40 years ago. He is founder of the Holland M. Ware Charitable Foundation, which supports cancer research and educational initiatives as well as nationwide animal rescue and humanitarian aid. His gifts have funded the Holland M. Ware Cancer Research Center at Emory University and the Holland M. Ware Imaging Center at the Auburn University College of Veterinary Medicine.