Barney House Sale Generates Scholarships, Endowment
By Karen Grava, Office of University Communications
FARMINGTON, Conn. -- The $1.52 million sale last
April of the 21-room Barney House on Mountain Spring Road has
resulted in the creation of new scholarships for students to attend
the University of Connecticut and the release of an endowment fund
to benefit the Farmington Village Green & Library
At a special ceremony today at the Farmington Library,
University of Connecticut President Philip E. Austin announced the
transfer of endowment funds to the library and the establishment of
two scholarships, including a Nutmeg Scholarship in honor of the
"The Barney family has played an important part in the life
of the Farmington community, with a special commitment to education
and health care," said Austin. "It is particularly
appropriate that we recognize their contribution by using a
significant portion of the resources generated by the sale to the
establishment of a scholarship in their honor."
The Barney House was built in 1832 on an estate once home to
former Gov. John Treadwell. The Barney family acquired the property
in 1890 and kept it as a private residence until 1974, when they
donated it to UConn. The University of Connecticut Foundation Inc.,
which conducts private fund raising and manages investments on
behalf of the University, operated the home as a conference and
banquet facility. The house was placed on the market in October
The sale of the house has enabled the University to establish an
endowment to fund an additional Nutmeg Scholarship named for the
Barney family. The scholarships, UConn's most prestigious,
honor the exceptional academic accomplishments of Connecticut high
school seniors. One outstanding student from every Connecticut high
school may be nominated to apply for a Nutmeg Scholarship, valued
at $12,500 annually.
The sale also released two other endowments, one to establish a
new scholarship for Farmington area students to attend UConn and
the other to benefit the Farmington Village Green & Library.
The latter, valued at more than $307,000, was a bequest established
by Sarah Lefferts, Austin D. Barney's sister.
The endowment transfer was in keeping with Mrs. Lefferts'
wishes and came at an auspicious time for the Farmington Village
Green & Library. Last April, the library publicly announced a
$2 million campaign that added to a $3.9 million bond, will fund
the construction of a 26,000-square-foot addition, doubling the
size of the library.
UConn is engaged in its own $300 million fund-raising campaign.
In June, the University passed the halfway point of Campaign
UConn, with more than half the amount already raised in gifts
and commitments. The University is seeking $75 million each in
support of scholarship and faculty endowments and $150 million in
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