Youngs honored for philanthropy
William T. Young Jr., chairman of the Transylvania Board of Trustees, and his wife, Barbara Smith Young, were honored by the Council of Independent Colleges with its 2010 Award for Individual Philanthropy. The recognition came during the council’s annual Presidents Institute Awards Banquet in Marco Island, Fla., on January 6.
“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,” said Richard Ekman, chairman of the council, in presenting the award.
Bill Young was cited for his leadership role with Transylvania in general, and in particular for the college reaching an all-time high of $144 million in its endowment in 2007. Barbara Young was honored for her support of her alma mater, Sweet Briar College, where she serves as vice chair of the board of directors and provided leadership for a fund-raising drive that resulted in $121 million.
The award citation read, 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 CIC is an association of more than 600 independent liberal arts colleges and universities, and higher education affiliates and organizations.