Valparaiso University alumni Judy McNabney ’71 Dutton and John Dutton ’70 have generously committed $1 million to support the University’s unrestricted endowment fund.
“John and I are blessed to be in a position to make this commitment to Valpo,” said Judy Dutton. “We have witnessed the rapid rate of advancements made at Valpo in recent decades. Our exposure to many other universities provides a strong basis of comparison. We want this progress to continue and are confident that University leadership will utilize these funds in the best possible manner.”
Valpo’s endowment provides a permanent, self-sustaining revenue stream to the University. While frequently referred to as a single fund, the endowment is actually the aggregate of many different funds, most of which are designated to support specific programs. Unrestricted endowed funds, which make up a smaller portion of the total endowment, combine the financial stability of an ongoing funding source with the flexibility to use the funds to meet pressing needs. University leaders can respond to unforeseen challenges, fund a program or scholarship that may not otherwise receive support, or seize an opportunity that requires immediate funding not available in the operating budget.