Davidson College President Tom Ross has announced the establishment of a pre-tenure professorship and endowed Davidson Trust scholarship in honor of lifelong supporters.
The late J. Mason and Nancy Wallace included in their estate plans a $1.7-million gift to the college that their family has designated to the new J. Mason and Nancy Wallace Professorship and Wallace Family Scholarship.
Mason Wallace graduated from Davidson in 1942 and later was a college trustee, a lifetime member of the Board of Visitors, and a volunteer fundraiser for Friends of the Arts, the Campaign for Davidson, the Visual Arts Center and the Ne Ultra Society. The college presented him with an Alumni Service Award in 1992.
The J. Mason and Nancy Wallace Professorship will be used to attract new faculty members who are expected to receive tenure after the traditional seven years service on the faculty. Once the Wallace Professor receives tenure, the professorship will be offered to another beginning faculty member.
The Wallace Family Scholarship aims to replace student loans in financial aid packages with increased grants.