The estate of a former Kentucky couple has given Berea College a $10.7 million endowment, the largest single gift the school has ever received, the college announced Wednesday.
The endowment came from the estate of Alfred M. and Mary Swain Wood, who were longtime Berea College donors until their deaths in 1997 and 2008, respectively.
Alfred Wood, who grew up in Wildie in Rockcastle County, was a sales executive with Procter & Gamble for 39 years.
Mary Wood, who was from Eminence and Danville, was a children's book representative. The couple also managed a cattle ranch in Oklahoma for more than 25 years.
Berea College will use the donation for student scholarships. Berea does not charge tuition, so students must work 10 hours a week to earn money for books, and room and board.
The estate also gave St. Joseph-Berea $3.2 million. Hospital officials will use the gift to pay for facilities and health care initiatives, according to a news release.