Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News U.Va. to offer $50M more in scholarships

U.Va. to offer $50M more in scholarships

University has matched $280M in donations to fund

Published September 30, 2021 by Katherine Schulte

University of Virginia Rotunda and Lawn. Photo courtesy University of Virginia
University of Virginia Rotunda and Lawn. Photo courtesy University of Virginia

The University of Virginia will invest another $50 million in matching funds through the Bicentennial Scholarship Fund, U.Va. President Jim Ryan said last week.

Established in 2016 with an initial $100 million investment, the fund matches philanthropic commitments toward scholarships, both need- and merit-based. Donors have committed about $314 million in endowed scholarships, and the university had already twice increased the amount dedicated for matches. U.Va. now has nearly 430 new scholarship endowments.

At a U.Va. Board of Visitors meeting, Ryan said, “This $314 million has leveraged approximately $220 million in matching funds for a total impact of nearly $535 million in endowed scholarships in just a few short years.”

In total, U.Va. has allocated $280 million in matching funds for scholarship support. At the time of the announcement, the fund had only about $10 million left, prompting the university’s investment.

“It is obviously an idea that has resonated and been enormously helpful to the university and its schools and students,” Ryan said in a statement.

Subscribe to Virginia Business. Get our daily e-newsletter.

Related Stories

Vending machine with hand sanitizer and face masks at VCU

More college students head into quarantine as COVID-19 cases rise

Universities report more than 550 positive tests across state

U.Va. names new medical school dean

Dr. Melina R. Kibbe comes from UNC

Truist donates $1M to U.Va. in memory of S. Buford Scott

Gift honors late Richmond financier, philanthropist

Trending

ESPN: Snyders receive two $6B bids for Commanders

Atlantic Park breaks ground in Virginia Beach

Falling short

Liberty University appoints new president, chancellor

Arko tries to keep $1.4B TravelCenters of America bid alive

Sponsored Stories

Remove the Mess and Stress by Moving to the Cloud

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Advertisement

Advertisement

Trending

ESPN: Snyders receive two $6B bids for Commanders

Atlantic Park breaks ground in Virginia Beach

Falling short

Liberty University appoints new president, chancellor

Arko tries to keep $1.4B TravelCenters of America bid alive

Sponsored Stories

Remove the Mess and Stress by Moving to the Cloud

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk