University of Maryland gets $220M gift for more scholarships | iNFOnews | Thompson-Okanagan's News Source

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University of Maryland gets $220M gift for more scholarships

October 04, 2017 - 8:02 AM

COLLEGE PARK, Md. - To help double need-based scholarships, the University of Maryland is getting a nearly $220 million gift from the foundation of a billionaire alumnus whose own education was made possible by a scholarship.

The university announced the gift from the A. James and Alice B. Clark Foundation on Wednesday. Clark, who hitchhiked from home because he couldn't afford room and board, went on to become the leader of one of the nation's largest private construction companies. He died in 2015.

It will be the sixth-largest private gift to a public university in the nation. That's according to rankings of major private gifts to higher education by the Chronicle for Higher Education.

The money also will be used to create graduate fellowships, faculty chairs and pay for capital projects.

News from © The Associated Press, 2017
The Associated Press

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