$32.5 Million For University Of Minnesota College Of Continuing And Professional Studies
The University of Minnesota College of Continuing and Professional Studies (CCAPS) recently received a $32.5 million unrestricted gift from CCAPS alumna Karin L. Larson.
This is the largest gift that CCAPS has ever received.
Larson, who passed away in 2021, bequeathed these funds to directly support CCAPS students for generations to come. With this gift, CCAPS established an endowment, which will produce funding every year into perpetuity and create a lasting positive impact on countless future CCAPS students.
Funding from the Karin L. Larson Legacy Scholarship was awarded for the first time this fall, distributing over $250,000 to more than 80 students for the academic year. This scholarship program is only a portion of the annual funds this gift is anticipated to produce. In addition to the scholarship funds, CCAPS is exploring ideas to create flexible educational pathways for more students and to provide financial, academic and personalized support to help them succeed.
“Karin Larson’s incredible generosity in support of U of M students is a fitting legacy for an alumna who stayed so involved with CCAPS students and programs throughout her life,” said U of M President Joan Gabel. “Our systemwide strategic plan, MPact 2025, specifically commits to increasing financial aid and reducing student debt. This extraordinary contribution provides meaningful support to achieving those goals and, most importantly, will change the lives of so many students.”
Larson, who graduated in 1961 with a degree in international relations and business, wanted the gift to increase access to quality education and help students achieve their goals, something she personally experienced as a CCAPS student. Larson had previously contributed to CCAPS as a major donor, as an advocate for first-generation students and interdisciplinary programs, and as the college’s 2005 commencement speaker.
“This gift reflects both the generosity of Karin and her confidence in the impact CCAPS has had and will continue to have on countless individuals participating in our programs,” said Bob Stine, dean of CCAPS.
Prior to her recent gift, Larson supported hundreds of students through scholarships, as well career assessment and advising to those enrolled in interdisciplinary degree programs at CCAPS.