News
By Cavalier Daily Staff
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June 29, 2006
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.