Rauch Foundation makes historic gift for financial aid
A family foundation established by the late Dudley Rauch ’63 has pledged $30 million to establish an endowment for need-based financial aid for medical students in the Duke University School of Medicine. The gift by the Rauch Family Foundation is the single largest commitment for financial aid ever made to the School of Medicine.
Rauch, an alumnus with deep ties to Duke, established the first all-inclusive scholarship in the School of Medicine in 2013. In early 2018 he began discussions with university and School of Medicine leaders about opportunities to make an even more transformational gift for financial aid. Those talks were cut short when Rauch unexpectedly died in July of 2018. Now, the Rauch Family Foundation has completed the work he began.
“This is an historic gift for Duke University and the School of Medicine,” said Duke University President Vincent E. Price. “Dudley Rauch was a distinguished alumnus and generous supporter of the university, who had a vision for changing students’ lives and providing them with extraordinary opportunities. This gift from the Rauch Family Foundation will help make Dudley’s vision a reality, and we are deeply grateful for their commitment to build on his legacy.”