Casteens give $500,000 for scholarships
By Sarah Peeden | October 5, 2006University President John T. Casteen, III and his wife, Betsy Foote Casteen, have given a $500,000 gift to endow scholarships for the children of University employees, Capital Campaign Chairman Gordon Rainey announced Saturday at the Campaign's gala. The gift, implementation of which was given to the Board of Visitors, will be added to other contributions to create an endowment to be used in the future, Casteen said. The gift will be used to attract faculty members to the University who might be dealing with college costs for their children or buying a home, Casteen said. "I'm trying to hire faculty that have established reputations but are in their middle years ... [when] the issue of not having this kind of support regularly turns up," he said.


