Arts & Science is currently running a series on their faculty and staff giving campaign, talking with employees of the university who donate. Keren Rice (faculty) was profiled on her donations to scholarship funds in honour of retiring colleagues (link here). Quote:
Why do I give? For many reasons. You see a gap, and you hope that if you do something to fill it, it won’t stay a gap.
Over the past few years I’ve made several donations to scholarship funds in honour of retiring colleagues. In a small department like Linguistics, every single faculty member makes a difference for every single student, and you want to be able to remember the contributions they have made. Each time a student gets a named award, it makes them stop and think about who that person is, what kinds of important contributions they have made.
Last year we set up a new undergraduate award in honour of our colleague Elaine Gold, who had just retired and become the Director of the Canadian Language Museum. When I wrote the student to tell him he’d gotten the award, he was just so flattered to be recognized. It’s not a lot of money, but it made him feel like his hard work had been noticed.
As a faculty member, I donate to scholarships at U of T because I am at a stage in my life when I have the means to do so and am thinking about what kinds of things I want to support. Honouring my colleagues and helping our students are definitely worthwhile causes.