2801 W Bancroft St MS 319
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Driscoll Alumni Center Rm 1002
2801 W Bancroft St MS 319
Toledo, Ohio 43606
“We are probably like many graduates of UT,” said Ken. “After graduation, you jump into your career, with time and location challenges that make it difficult to stay in touch.”
That changed when they relocated back to Toledo in 2002, where Jean currently serves as a consultant in clinical pharmacy and Ken as a consultant in manufacturing and project management.
“When we returned to the area, we were able to participate in more events at the University. As our relationships at UT evolved, we made the decision to give more time and effort in support of our respective colleges,” Jean said.
Those areas included the College of Engineering, from which Ken graduated with both an associate’s (‘76) and a bachelor’s degree (‘80) in engineering technology, and the College of Pharmacy, from which Jean received a bachelor’s degree in 1980.
“We wanted to reach out to Pharmacy and Engineering to see what we could do to directly benefit students.” Ken said. “As we learned the different options, it became clear we wanted to establish a scholarship in each college that was designed to have an immediate impact as well as allow us to add to that benefit over time.”
They chose to make a gift to establish two endowed scholarship funds to benefit pharmacy and engineering technology students.
“People tend to think scholarships require a large amount of money, when in fact getting started on a plan can provide important help to a student right away at a reasonable donation level,” noted Jean.
In addition, the couple also has arranged to provide a planned gift from their estate. They said they see planned giving as an important piece of the total estate planning process, which should include careful documentation.
“Never assume your plan is well understood by others unless it is properly documented,” said Ken. “Our estate planning has allowed us to identify and support things that are important to us, and it gives those entities an indication of potential future benefit for their planning.”
Having said that, the Lovejoys noted with humor that they are “in no hurry to trigger the plan.”
Given their appreciation of The University of Toledo and their desire to help young people, creating scholarship funds at UT was a way to mutually benefit students, the University, and the Toledo area, Jean said.
“We see UT as a critical element in the success of the entire region, and wanted to do our part in helping the young people at the University develop their future,” she said.
“We have always felt it is important to help people where a little bit of assistance could make a difference in their life. Whether it is mentoring, direct financial help, or supporting a larger institution that benefits many, it’s the right thing to do.”