Wartburg College gets largest gift in its history - KWWL - Eastern Iowa Breaking News, Weather, Closings

Wartburg College gets largest gift in its history

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WAVERLY (KWWL) -

Wartburg College was graced with the largest gift commitment in its history Tuesday at its opening convocation.

Raymond F. and Judith K. McCaskey of Chicago have committed $11.5 million to Wartburg College to support scholarships for students from the Chicago area with financial need.

"For us, education is the key to changing young peoples' lives, and thus impacting our world long after we're gone," Ray McCaskey said.

$1.5 million of the donation will be used immediately for scholarships while the other $10 million will be fulfilled through the couple's estate.

The funds will create the McCaskey Orange Opportunity Scholarship Program to benefit students from the Chicago area, specifically students from Rowe-Clark Math & Science Academy.

The McCaskeys are both Wartburg graduates. Ray McCaskey, the retired CEO of Blue Cross and Blue Shield of Illinois, Texas, New Mexico and Oklahoma, is also chair of the Wartburg Board of Regents.

"This gift allows students who otherwise may not have an opportunity to consider a college education to take full advantage of the distinctive educational environment for which Wartburg is well known," said Wartburg College President Darrell Colson.

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