1780 – The Official Blog of Transylvania University

1780 | The Official Blog of Transylvania University

William T. Young, Jr., chairman of Transylvania’s board of trustees, and Barbara Young, vice chair of the board of directors at Sweet Briar College, receive prestigious award from the Council of Independent Colleges

Bill and Barbara YoungLEXINGTON, Ky.—The Council of Independent Colleges (CIC) announced the recipients of its 2010 annual awards during the annual Presidents Institute Awards Banquet in Marco Island, Florida, in January. CIC’s Awards for Philanthropy were presented to William T. Young, Jr. and Barbara Smith Young, and to The Bernard McDonough Foundation, represented by its president, Robert W. Stephens.  

During his introduction, Richard Ekman, president of CIC, said, “These awards are an important way for CIC presidents to celebrate and honor those who encourage us, who contribute generously to our enterprise and who raise the standards to which we aspire. CIC is extremely pleased to have the opportunity to recognize William and Barbara Smith Young, an extraordinarily generous couple who stand as role models for philanthropists and college trustees everywhere.”

The 2010 Award for Individual Philanthropy celebrates an individual (or individuals) who demonstrate the love of humankind through consequential giving and who provides an example of the philanthropic spirit. Nancy Oliver Gray, president of Hollins University, in announcing the award, said “CIC recognizes the Youngs’ exemplary commitments to liberal arts education, in particular to two CIC member institutions, Sweet Briar College and Transylvania University. Barbara Smith Young is a 1971 history graduate of Sweet Briar College whose heart has never left her alma mater’s campus. She serves today as vice chair of Sweet Briar’s board of directors and has contributed personally at the institution’s highest donor levels. Her leadership of Sweet Briar’s most recent fundraising drive resulted in $121 million.”

Gray continued, “Bill Young, a Princeton graduate with an MBA from the University of Virginia, is ardent about programs at Transylvania University, where his father served as chair of the board for 23 years. Bill joined Transylvania’s board of trustees more than a quarter of a century ago, and followed his father as its board chair in 2000. Under his tenure as board chair, Transylvania’s endowment reached an all-time high of $145 million. Bill is president of the parent company of W.T. Young Storage, a commercial warehousing and real estate development firm.”

Youngs and Shearers
The Youngs with Dr. and Mrs. Shearer.

The award reads, in part, “CIC recognizes the Youngs’ commitment to the liberal arts and liberal arts colleges and universities…as well as to a host of other nonprofit institutions, health care organizations, and historic preservation causes.”

The 2010 Award for Philanthropy for an Organization was presented to the Bernard McDonough Foundation, which has financed scholarships and educational opportunities for private college undergraduates for more than a quarter of a century.


The Council of Independent Colleges is an association of more than 600 independent, liberal arts colleges and universities and higher education affiliates and organizations that work together to strengthen college and university leadership, sustain high-quality education, and enhance private higher education’s contributions to society. To fulfill this mission, CIC provides its members with skills, tools, and knowledge that address aspects of leadership, financial management and performance, academic quality, and institutional visibility. The Council is headquartered at One Dupont Circle in Washington, DC. For more information, visit www.cic.edu.