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
Read More
Research grant gaps, flight cancellations among costs of 43-day government shutdown
By Grace Little | 9 hours agoAreas that felt the deficits include federally-funded research, telemedicine services offered through U.Va. Health and canceled flights for holiday travel.
Student Council discusses potential student detoxification center, lockdown aftermath
By Jaylynn Perez | 14 hours agoStudent Council met Tuesday to discuss a potential proposal for a student detoxification center on Grounds following growing concerns about student safety and medical amnesty policies.
Honor Committee discusses its co-sponsorship with the Lighting of the Lawn committee
By Michael Racz | 15 hours agoThis year's co-sponsorship with Honor will give LOTL an additional $10,000 and will give Honor a table on South Lawn.
