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Maguire Foundation Contributes $400,000 for Scholarships

 

The Maguire Foundation has agreed to contribute $400,000 to the University to establish a scholarship fund to support students during the next seven years. The Maguire Scholars Program will provide a total of up to $25,000 per year to assist as many as five qualified students through four years of study, beginning with freshmen who entered in the fall of 2013. The program will also provide four-year aid to additional students who enroll at Neumann through the fall of 2016.

 

These scholarships will be awarded by the University, based on the financial need of the students. One stipulation of the Foundation is that each Maguire Scholar is expected to pay during each school year (or borrow from other sources) at least $5,000 for tuition or other education-related expenses with the expectation that any amount borrowed will be repaid from subsequent employment. To be selected, students must also come from a list of eligible high schools and have at least a 3.0 high school GPA.

 

For continuation of this scholarship funding from year to year, the recipient must be in good academic standing, participate in school or community volunteer/extra-curricular activities, and receive a recommendation from the University for continued funding.

"This extraordinary gift from the Maguire Foundation will enable as many as 20 students to achieve their dream of attaining a university education and preparation for a professional career," said Dr. Rosalie Mirenda, president of Neumann University. "We are extremely grateful for the generosity and philanthropic spirit of the Maguire family."

 

The Maguire Foundation was established in 2000. Mr. and Mrs. James J. Maguire are co-principals of the Foundation, a philanthropic enterprise that focuses its resources primarily on education. James Maguire is the founder and chairman emeritus of Philadelphia Consolidated Holding Company. A Korean War veteran and 1958 graduate of St. Joseph's University, he is the author of Just Show Up Every Day, which chronicles his successful professional and family life.



12/31/13

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