This spring, former Institute President Robert Gard and his wife, Dr. Janet Wall, designated the proceeds from the sale of their $1.8 million Pebble Beach home to two scholarship endowments at the Institute.
Gard served as president of the Institute from 1987 to 1998 after retiring from the U.S. Army with 31 years of service and the rank of general. Upon Gard’s retirement from the Institute in 1998, several trustees and Wall, who made the largest contribution, seeded the Robert G. Gard Scholarship Fund, which provides tuition support to enable graduate students to attend the Institute. Less than a decade later, the couple established a second endowment, the Gard ’n’ Wall Non-Proliferation Scholarship Fund, which supports students studying issues related to weapons of mass destruction at the Institute. “Having served 31 years in uniform,” said Gard, “it’s evident to me that the only major threat to the viability, even the existence, of the United States, is an attack with weapons of mass destruction. Consequently, as president, I supported Dr. Bill Potter’s initiative to establish the Center for Nonproliferation Studies (CNS), which has achieved international acclaim.”
Now that their Pebble Beach home has been sold under the aegis of an established unitrust, the proceeds from the sale have been reinvested to provide lifetime income to both donors. Once released at their passing, the unitrust assets will be split between their two scholarship funds. This gift is expected to be one of the largest in Institute history.