NNU receives $18M gift

NNU receives $18M gift

by | 18 Sep 2015

Northwest Nazarene University was notified of the imminent distribution of the final portion of an estate gift from Howard and Mary Conrad. The first portion of the gift, received in March of 2014, came in at $10 million with the understanding that the university would receive an additional sum as the residuary beneficiary at a later date; the university’s remainder interest has now been determined after various other estate matters were settled and totals over $8 million. This gift — now exceeding $18 million — will be transformative for the university, current and future students, and the greater Idaho Treasure Valley.

The Conrads were longtime supporters of the university, and Howard was one of the founding members of the NNU Foundation Board of Directors.

Howard Conrad came from humble beginnings and rose to prominence and influence in his community and church through hard work and wise stewardship. Howard was born in Missouri in 1930. In 1935, his family made the journey west in search of a better life. It was a journey of faith that required that they shelter on the dirt floor of a one-room garage after arriving in Idaho.

In 1948, the Conrad family moved from Twin Falls to Kimberly, Idaho, where they joined the Church of the Nazarene, and young Howard met Mary, who would become his wife of 52 years. Together they built a life and family. Howard was a successful and innovative farmer who also raised champion quarter horses. The Conrads were also faithful and generous church and community members. Their daughter, Julie (Conrad) Sievers (’81), is a graduate of NNU.

This gift is the outcome of more than 30 years of positive relationships between the Conrad family and members of the NNU community. The funds are unrestricted and, as such, policy requires they become part of the quasi-endowment until the university determines an appropriate function for them.

“We are both surprised and incredibly grateful for this second gift that has turned out to be almost equal in magnitude to the first," said Joel Pearsall, interim NNU president. "This is now by far the largest gift NNU has ever received. We will strive to be worthy stewards of this incredible generosity and use the funds to advance the mission of the university and further the kingdom of God to the best of our abilities.”

--Northwest Nazarene University

Comments

Latest

Image
Moving Ministers

Moving Ministers: April 2024

02 May 2024
Go to content
Image
Woodville CoTN

Virginia church’s versatile pandemic…

02 May 2024
Go to content
Image
Joshua Tree

In Memoriam: 3 May 2024

02 May 2024
Go to content
Image
Arriaza

Hugo Archila Arriaza appointed…

02 May 2024
Go to content

Most Popular

Image
Cameroon
Caption

The Cameroon flag is a vertical tricolor of green, red and yellow, defaced with a five-pointed star in its center. The center stripe is thought to stand for unity: red is the colour of unity, and the star is referred to as "the star of unity." The yellow stands for the sun and also the savannas in the northern part of the country, while the green is for the forests in the southern part of Cameroon.

Flags of the Nations: Cameroon

29 Apr 2024
Go to content

Newsletter