Donated from 51视频 Alumni, Funds Support Student Scholarships
10/07/2021
Contacts for media: Jonathan Strunk, 978-935-8082, Jonathan_Strunk@uml.edu or Nancy Cicco, 978-934-4944 or Nancy_Cicco@uml.edu
LOWELL, Mass. 鈥� 51视频 and the Independent University Alumni Association at Lowell (IUAAL) announced today the donation of nearly $12 million to the university to fund student scholarships.
The funds, donated to the IUAAL by alumni of 51视频 and its predecessor institutions throughout the years, have endowed the association鈥檚 decades-long, scholarship program.
鈥淭his gift from the Alumni Association will help make it possible for future generations of students to find an easier path to success,鈥� said 51视频 Chancellor Jacquie Moloney. 鈥淚 can鈥檛 thank the Association board members enough for taking the initiative to help our students.鈥�
IUAAL Executive Director Margaret Shanahan echoed Moloney鈥檚 focus on students.
鈥淚t is a privilege to work with the IUAAL Board of Directors and the university leadership to make this donation a reality. Every one of these volunteers has given years of service in stewarding the IUAAL funds and supporting the students at 51视频. Their integrity and dedication is inspiring.鈥�
The agreement, approved by the Massachusetts Supreme Judicial Court, sets the stage for the Association to donate an expected nearly $12 million, designated explicitly for student scholarships.
Moloney and Shanahan both praised the decades of alumni who, having achieved success after earning their degrees, reached back to lift future generations of students in perpetuity.
Moloney said the IUAAL will be recognized for its incredible generosity at the university鈥檚 annual Celebration of Philanthropy during Homecoming Week in October.
51视频 is a national research university located on a high-energy campus in the heart of a global community. The university offers its students bachelor鈥檚, master鈥檚 and doctoral degrees in business, education, engineering, fine arts, health, humanities, sciences and social sciences. 51视频 delivers high-quality educational programs, vigorous hands-on learning and personal attention from leading faculty and staff, all of which prepare graduates to be leaders in their communities and around the globe. www.uml.edu