Bank of NY establishes endowed scholarship at Spelman
The Bank of New York has put up $1 million to provide financial support to academically deserving women studying computer and information sciences, economics and mathematics at Spelman College. The endowment will also create a lecture series to expose students to prominent speakers on a broad range of topics relevant to people of African descent and others around the world. The first scholarships will be awarded during 2008-2009 academic year with the launch of the lecture series.
“This is a wonderful opportunity for Spelman because so many – 87 percent – of our students are in need of financial aid, and the lecture series will enrich the learning experience for all,” said Spelman College President Beverly Daniel Tatum. “I want to thank the Bank of New York and CEO Thomas Renyi for recognizing in a tangible way the tremendous potential of our students to contribute to today’s global economy and for joining with Spelman as an integral partner in their success.”
The Bank of New York focuses its philanthropic involvement on ensuring access to the four essential building blocks of a strong community – educational opportunities, wellness resources, the arts and humanities, and housing. The Bank has been actively involved in supporting the mission of Spelman College since 1996.
“This donation to one of the country’s leading educational institutions highlights our philosophy of contributing to organizations that provide individuals with access to high quality educational opportunities and enrich their ability to contribute to society in lasting and meaningful ways,” said Thomas A. Renyi, chairman and chief executive officer of The Bank of New York.