Vol. 38, No. 18
BOT chair helps future students, sends a message with $1M gift
When Gil Cloyd graduated from Elida High School in 1963, he wanted nothing more than to attend Ohio State. But the odds were stacked against him.
No one from his family had ever graduated from college, and his family didnít have enough money to send him to the main campus. So he started taking night classes at nearby Ohio State Lima so he could work a day job and earn his own way.
With some money he saved and the help of some government loans, he transferred the next year to the Columbus campus, where he eventually earned his Doctor of Veterinary Medicine degree and went on to a distinguished career in research and development with Proctor & Gamble. He retired as that companyís chief technology officer this year, and currently serves as chairman of Ohio Stateís Board of Trustees.
The background is important as it explains Cloydís motivation for establishing a $1 million endowed scholarship fund at his alma mater.
"My wife and I sat down and decided we wanted to help young people in their lives, to be able to develop to their fullest potential," Cloyd said. "Ohio State has been the doorway to the rest of my life and we canít think of anything more important than helping young people be able to get the quality education they need to succeed in todayís world."
The Cloyd Family Scholarship Fund will be administered out of the Office of Enrollment Services and Undergraduate Education. Recipients of the scholarships will be first-year Columbus campus undergraduate students with financial need, who are graduates of Ohio High Schools.
"I am deeply grateful to Gil and Susan for their remarkable commitment to Ohio State. By creating an endowed scholarship, they are assuring that future generations of Ohioans are able to attend and graduate from the University, regardless of their families' financial circumstances," said President E. Gordon Gee. "I can think of no act more optimistic and no investment more profound."
The scholarships will be renewable for up to four years as long as the recipients are enrolled full-time and meet satisfactory academic progress.
Cloyd said he also specified that over time, the recipients of the scholarships should reflect the diversity of the population of the state and of the university. "We think itís important to see the fullest representation of Ohio students among those who earn this award," he said.
Cloyd said the timing of the gift to the university is not coincidental. The gift is in anticipation of the coming campaign and he wanted to be among the first to support the critical objectives of the campaign.
"As chairman of the board, I wanted to send a signal that itís important to be supportive even though the economic times are difficult," Cloyd said. "Young people are still graduating from high school; that doesnít stop because of the economy. So we canít wait for the times to turn around before we give.
"Philanthropy is the key to achieving our goals for the university and for the University System of Ohio, so those people who can, need to step forward and personally show their support," Cloyd said. "My wife and I are both very pleased to have achieved a financial position in life where we are able to do that."