As parting gifts go, Terry Franke could not have asked for a more meaningful one.
Franke, the outgoing chair of Lawrence University’s Board of Trustees, received a surprise going away present at the board’s recent Spring meeting: The establishment of the Terry and Mary Franke Scholarship Fund, courtesy of a $1 million gift from an anonymous donor given “in recognition of the amazing job he has done in the past four and a half years as the chairman of the Lawrence board.”
The $1 million gift will go toward Lawrence’s focused student scholarship campaign — “Full Speed to Full Need” — launched last September with a gift of $25 million, the largest in school history. Lawrence alumni and friends since have contributed an additional $21.5 million in matching gifts for a total of $46.5 million toward a goal of $50 million. The funds will be used exclusively for endowed scholarships to help meet students’ demonstrated financial need.
“Terry Franke has led the Lawrence Board of Trustees during a time of immense growth and significant change for the university. I cannot think of a better way to acknowledge his service to his alma mater than this wonderful gift to establish the Terry and Mary Franke Scholarship fund,” said Mark Burstein, university president.
Franke, a 1968 Lawrence graduate, has served on Lawrence’s Board of Trustees for 16 years, including as chair since January, 2011. He spent most of his career at Hewitt Associates, where he was a senior partner. More recently he has served as a senior consultant for Productive Strategies, Inc., a management and marketing consulting firm based in Northfield, Ill.
The end of Franke’s term as chair brings new leadership to the board. Susan Stillman Kane, an Oshkosh native who graduated from Lawrence in 1972, succeeds Franke as chair of the board. She has been a member of the board since 2002. During her tenure she has served in numerous leadership positions. Kane’s mother, Elizabeth Stillman, was a 1933 graduate of Milwaukee-Downer College, which merged with Lawrence College in 1964.
“It is a testament to the strength of the Lawrence community that after Terry’s incredibly successful tenure that the Board is fortunate to have someone as talented as Susie Stillman Kane to assume its leadership as the incoming chair,” said Burstein.
Kane, who resides in Swampscott, Mass., is a long-time dedicated community volunteer. She spent 23 years on the board, including several years as board president, of the Citizens’ Scholarship Foundation of Marblehead, Inc., which provides scholarships for high school seniors and college students from the community. She also has served as an elected town meeting member in Swampscott.
About Lawrence University
Founded in 1847, Lawrence University uniquely integrates a college of liberal arts and sciences with a nationally recognized conservatory of music, both devoted exclusively to undergraduate education. It was selected for inclusion in the Fiske Guide to Colleges 2015 and the book “Colleges That Change Lives: 40 Schools That Will Change the Way You Think About College.” Engaged learning, the development of multiple interests and community outreach are central to the Lawrence experience. Lawrence draws its 1,500 students from nearly every state and more than 50 countries.