Bequest Establishes $14 Million Endowment to Fund VMI Scholarships
A good example for the rest of us……
In late June, the VMI Foundation learned that a bequest made to it by the late Robert B. Rust Jr. ’34 will result in a gift of more than $14 million for VMI.
“This magnificent gift is the largest bequest realized by the VMI Foundation,” said Brian S. Crockett, chief executive officer of the VMI Foundation. “Any gift of this magnitude will have an outsized effect,” said Warren J. Bryan ’71, vice president of the VMI Foundation for major gifts, who arranged the original memorandum in 1997. “Mr. Rust’s gift will mean approximately $630,000 in additional scholarship aid for our cadets, an increase of 15 percent in available scholarship assistance. And, coming as it does, in an economic downturn, this money is especially valuable.”
