Alumnus donates $6 million to University for creation of scholarships Mortimer Y. Sutherland, Jr., a University alumnus, donated $6 million to the University financial services program, and to the nursing school.
According to Sutherland's will, the money is to be used to provide need-based aid for University students from Albemarle County.
"We project [the $6 million] will generate $180,000 per year in income," said Yavonne Hubbard, director of student financial services.
Of the 382 University students from Albemarle County 165 demonstrate financial need, according to Hubbard
"What we hope to do is to use [the income from Sutherland's gift] to replace loans," Hubbard said. "AccessUVA has as one of its primary tenets to decrease the amount of borrowing students at U.Va do. We hope we will see more of these gifts so that we can continue to reduce debt."
Hubbard compared the size and scope of this donation to the Bayly-Tiffany estate gift from the 1930s, which today is able to fully fund the tuition of students attending the University from the Eastern Shore.
-- compiled by Maria Tchijov
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