Thank you for considering giving to the Bakke Legacy Fund to allow BGU to continue to grow and at the same time provide a much-deserved statement of gratitude to the Bakke family. The Bakke Legacy Fund will serve as an ongoing foundation to meet BGU’s cash reserves that it requires as an accredited university. We are seeking gifts especially from those graduates, staff, and partners who experienced the unique Bakke teaching first-hand during the first decade of BGU. Would you prayerfully consider giving $500, $1000 or more if possible to this one-time need?
We are also asking that those who give provide photos from your time at BGU, statements of gratitude, and other memories that will be assembled into a photo book. One copy of each will be given to the four Bakke siblings and their families to express the thankfulness of the BGU family. We would like to make this presentation a surprise to the Bakke family, so we appreciate your discretion.
You can give on our Donation Page and send your comments and photos to either email@example.com or upload them to our Google drive. We ask that you prayerfully consider donating and sending in your photos and notes before June 30 so your contribution can be included in the celebration. (When donating, please remember to put "Legacy Fund" in the comment section of the giving form.)
Why a legacy fund? BGU, like most accredited universities, is required to maintain a cash reserve of at least 10% of its annual income. For over 15 years, Dennis and Eileen Bakke faithfully provided a personally guaranteed line of credit to meet that need. BGU carefully managed its finances so that it never needed to access that line of credit, but it was a vital underpinning for the school. Since 2012, BGU has grown its tuition revenues and donation sources without relying on donations from the Bakke family, yet their credit underpinning was essential for BGU to meet regulatory standards.
To move forward, Dennis and Eileen Bakke have provided a matching fund to encourage all of us to give to a legacy fund that would replace their private letter of credit. The total legacy fund would be at least $75,000 and like the previous credit letter, it is intended to serve as an ongoing legacy foundation that would underpin BGU students far into the future.
The photo book will also be available in an online form so that it will also serve as a legacy message of gratitude. Therefore, your photos and words will serve as a legacy of the values that formed BGU, which are still upheld. Most current BGU students don’t know members of the Bakke family but they hear the story of how in 2003 naming consultants slated the school to be called “Paradox University” to reflect the unusual vision to have colleges of urban studies, theology and business with a core emphasis on women’s leadership working in unison. Instead, the Bakke name was chosen since it more accurately represented the paradox in the stories of the lives of Ray, Dennis, Lowell, and Marilyn.
Today books authored by two of the Bakkes are required reading for all BGU students. BGU is more heavily involved than ever before in leading key elements of the Lausanne Movement, which served as the primary network that took Ray around the world in the 1980s and 1990s to experience global cities. Currently 70% of BGU students do not live in North America and BGU continues to conduct urban immersions that are now hosted and organized by graduates rather than US-based staff. BGU has graduates serving in such notable positions as the President of Moody Bible Institute; running for the Presidency of Zimbabwe; serving as the Singapore country chairperson for the 7th largest bank in the world; and leading urban training networks in over 65 nations. These stories and your own story reflect an amazing legacy of values that were reinforced and confirmed by our time at BGU and continue to shape how we conduct our lives and ministry.
There is a lot to celebrate. There are many reasons to say thank you to the Bakke family for without them BGU would not have the vision, values, breadth of network and financial health it experiences today.
The giving amount of $1000 suggested above would allow you to have a full page in the books to state your gratitude and to display photos taken from your time at BGU, or that reflect how you currently are living out these values. Thank you for considering this request.