The Harry Bramhall Gilbert Charitable Trust of Virginia Beach announced Monday it will donate one million dollars to the University for fourth-year students who graduated from a public school in the Chesapeake district. This fund, to be used in paying for additional education, will benefit College students who have maintained a minimum 3.0 GPA and completed 90 credits in residence at the University during their first three years, according to Stuart Glasser, co-trustee of the fund.
Harry Murphy, chairman of the school board of Chesapeake Public Schools, said this will help qualified fourth-year students fund further education.
It "frees up funds so they can go ahead and work on post-graduate work," he said.
The scholarship excludes transfer students, out-of-state students and students who have committed a felony or Honor offense, Glasser said.
Student Financial Services Director Yvonne Hubbard said the fund will provide at least $1,000 for each qualifying student.
"It is an effective mechanism to provide financial aid," she said. "It's very important for students to know how they are [paying for] school."
She added that the scholarships for qualified fourth-year students will go into effect during the 2008-2009 school year.
According to Glasser, this scholarship is not based on financial need.
Mark Smith, director of Planned Giving at the University, said he spent over a year discussing the number of students from Chesapeake high schools at the University and how much money they would receive with the co-trustees of the trust
There are between 18 and 22 students from the Chesapeake school district in each class, according to Smith.
"Everything was treated in compliance with University policies," Smith said.
Glasser said they chose the University for the funding because of how it shapes students.
Glasser added that he believes "that the University is one of the United States' greatest educational institutions and I know how much it not only does for the education of its students but also how much it does for the character of its students primarily because of the honor code and the traditions of the University"
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