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Thursday, February 6, 1997

Nancy Jones named to Tech Board of Regents

By STEVE RAY / Harte-Hanks Austin Bureau

AUSTIN - Nancy Jones - director of the Community Foundation of Abilene - was named to the Texas Tech Board of Regents Tuesday.

She was one of three appointments announced by Gov. George W. Bush to the Tech board.

"My husband and his family are all graduates of Texas Tech," Jones said, "so I can see the product that the school produces.

"I am looking forward to taking (Tech) into the next century. There is a lot of untapped potential for an even greater university."

Jones was named to the board along with Michael Weiss, a Lubbock attorney, and John Willoughby Jones of Brady, a rancher and banker.

She is the chief executive officer of the Community Foundation of Abilene, a public foundation that collects, invests and administers charitable endowment funds and scholarships for the region and awards grants to charities and nonprofit organizations

Jones said she hopes her experience in raising money will be put to work increasing the endowment for Texas Tech University as well.

"I think I have a real sense of what Texas Tech can become," she said. "I have the ability to work with a strong board of regents and help build an endowment for the university. I know and I understand the importance of charitable endowments."

A spokesman for Gov. George W. Bush said the governor was pleased to nominate such a qualified West Texan for the post.

"There were two big things that made her a standout candidate," said Ray SUllivan. "One, she has a doctorate degree and has actually taught at the college level, so she has experience with both faculty and college students.

"And second, she has a great deal of expertise in the foundation world - and should be able to help the university have better relations with a variety of philanthropic organizations around the state and country."

The Community Foundation of Abilene began in 1986 with assets of $750,000; it currently has assets of $15 million and makes grants of more than $650,000 each year.

It includes an ongoing Teen Pregnancy Prevention initiative and Abilene's community-wide strategic plan for children.

Jones also is co-owner of Coleman County Broadcasting Inc. and Coleman County Title Company, and she oversees farm and ranch operations in Coleman County. She has lived in Abilene since 1984 and is married to Ross L. Jones, a 1958 Texas Tech industrial engineering graduate.

She is active in Abilene civic affairs, including the Chamber of Commerce.

"It's outstanding," said Judy Wyse, vice-president of programs for the Chamber. "She's highly qualified. She has extensive knowledge of our community and that should help Texas Tech. I just think she will be ideal."

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