Alumnus Pledges $1 Million to the University of Miami to Benefit Fraternity and Sorority Leaders
University of Miami alumnus Joshua Cohen, BA ’96, and his wife Megan have made a $1 million planned gift that will create The Cohen Family True Gentleman Endowed Scholarship Fund.
The endowed scholarship will be awarded to one female and one male UM student who is a leader in their sorority or fraternity. It will recognize Greek leaders for their leadership, commitment and dedication to the work they do, in addition to their academic pursuits.
"Part of my own positive experience at the University of Miami was becoming a member of the Sigma Alpha Epsilon (SAE) fraternity, and serving as president of the Interfraternity Council,” Cohen said. “My wife and I feel grateful to be able to give a gift that will have a strong impact on students down the road."
Cohen designated his gift to benefit Greek Life at UM because of the impact it had on him as a student. At the recent Heritage Society Luncheon, Cohen and his wife Megan, a graduate of the University of Iowa, were recognized for their planned giving donation in the name of Megan and Joshua Cohen and Family. The Boston couple has three sons, ages 4, 7 and 9.
Cohen attributes his personal and professional achievements to the experiences he had at UM. As a financial advisor with Northwestern Mutual in his native Boston, he understands the importance of leaving a personal legacy.
“There’s a certain bond that exists between people who went to Miami. Giving back to the school is a way of saying, ‘Thanks for everything you’ve done for me,’” Cohen said. “I wanted to do something that was significant, and when you care deeply about the University like I do, you recognize an opportunity to leave a legacy. Being able to fund scholarships can have a great impact.”
Over the past few years, the university has seen tremendous growth in its Greek community, tripling its membership in the last 10 years alone. At present, nearly 25 percent of undergraduate students are active members of a fraternity or sorority.
“The one million dollar planned gift from Josh Cohen to fund Greek scholarships is transformational in nature,” said Dr. Patricia A. Whitely, UM’s Vice President for Student Affairs. “As a distinguished Greek leader himself, Josh fully understands the importance and impact of the Greek leadership experience. His scholarship support for Greek leaders recognizes the work of our students and ensures that they will be supported with scholarship support in the future. We are most grateful for this incredible gift.”
“The Cohens’ generosity creates great inspiration and energy in our Greek system at UM right now,” said Steven K. Priepke, Assistant Dean of Students and Director of Greek Life. “As a past President of the same chapter Josh was a member of, I am especially proud. It was wonderful to learn what a positive impact Greek Life at UM made on Josh and it’s even more exciting to know this gift will forever support Greek leaders and their educational pursuits.”
The family’s planned gift is part of Momentum2: The Breakthrough Campaign for The University of Miami, which has raised more than $1 billion to date for university research, as well as endowed scholarships, faculty chairs and professorships. The Cohen Family endowment is only the second at UM that designates full tuition scholarships for Greeks. The other, established by Dean McCoy, is the William P. McCoy Scholarship.