Colorado College has received more than $2.3\u00a0million from the James W. Austin Charitable Remainder Unitrust, which will go toward a scholarship fund providing unrestricted financial aid. The donation is the single largest life income gift in the history of Colorado College.
\nThe funds will establish the James W. and Esther Austin Scholarship Fund, in memory of Austin and his wife.\u00a0James W. Austin graduated in 1929 from Colorado College with a degree in geology.
\nThe gift to fund the Unitrust was originally made in 1993. Austin received monthly payments from his Unitrust until his death in 1997;\u00a0payments then went to beneficiaries, the last of whom died in August 2009.\u00a0The remaining principal and interest of the\u00a0Unitrust will now go to Colorado College to establish the scholarship fund.
\nAustin was an alumni trustee at Colorado College from 1958-60.\u00a0He was awarded CC\u2019s Louis Benezet Award in 1991 for outstanding professional achievements.<\/p>\n","protected":false},"excerpt":{"rendered":"
Colorado College has received more than $2.3\u00a0million from the James W. Austin Charitable Remainder Unitrust, which will go toward a scholarship fund providing unrestricted financial aid. The donation is the single largest life income gift in the history of Colorado College. The funds will establish the James W. and Esther Austin Scholarship Fund, in memory … <\/p>\n