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Lawrence University receives $3.99 million gift

Oct. 15, 2010 at 5:15 a.m.


APPLETON, Wis. (AP) - Lawrence University in Appleton is receiving one of its largest gifts ever.

The school says two former Lawrence University students who met on campus more than 75 years ago are donating $3.99 million.

The school says the money, from the Paul and Katherine Schmidt Trust, will go toward campus improvements, a scholarship fund named after the couple and Lawrence's endowment.

The couple attended the college's homecoming festivities together in 1935 as a first date. They eventually married and shared more than 68 years of marriage.

Paul Schmidt, who died last November at the age of 92, had previously been chief executive officer at Harold F. Pitman Company, a printing business based in New Jersey. Kay Schmidt died in February 2009 at the age of 91.

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