The Wachovia Foundation has donated $50,000 to the University of South Alabama as part of the Wachovia Endowed Scholarship Fund for Under-Represented groups. The Wachovia gift is part of Campaign USA, the University’s first comprehensive fund-raising campaign that seeks to raise $75 million for USA programs, faculty, students and construction over the next three years. Campaign USA was launched in March and, to date, has raised $44.7 million.
The new scholarship will help an incoming freshman student beginning fall semester 2007. The scholarship will be renewable for up to four years.
“Ensuring that every student has access to a quality education is a key goal of the Wachovia Foundation,” explains Lee Moncrief, market president for Wachovia in Mobile. “We are proud to support the University of South Alabama and the deserving scholarship recipients in our community.”
Dr. Joseph F. Busta Jr., vice president for development and alumni relations, said the Wachovia gift is an important contribution to Campaign USA.
“The Wachovia gift is special because it is University-wide in purpose such that any student with need, regardless of discipline, can be eligible,” he said.
Campaign USA will enrich all aspects of USA, from its academic colleges and schools to its hospitals, athletic programs, libraries and campuses. The money raised will be used to fund such items as undergraduate and graduate scholarships, professorships, classroom and laboratory equipment, and health care innovations. Funds will also be used for capital enhancements to USA’s track and soccer programs, a University archives building and campus bell tower.
The campaign is led by some 50 outstanding local and national business leaders.
For information on Campaign USA, go to www.campaignusaleadership.com or call (251) 460-7032.
The University of South Alabama
Since its founding in 1963, the University of South Alabama has been one of Alabama’s fastest growing universities, currently enrolling more than 13,300 students in a wide range of academic programs in Allied Health Professions, Arts and Sciences, Mitchell College of Business, Computer and Information Sciences, Continuing Education and Special Programs, Education, Engineering, Medicine, and Nursing. The University has awarded more than 57,000 degrees.
In addition to teaching and research, USA is one of the largest health care providers in the Mobile region, with its faculty physicians and two hospitals – Children’s & Women’s and USA Medical Center – involved in more than a quarter million patient encounters annually.
About the Wachovia Foundation
The Wachovia Foundation is a private foundation that is funded annually by Wachovia Corporation. The Foundation provides grants to eligible 501(c)(3) tax-exempt organizations to support four primary focus areas: Education, Community Development, Health and Human Services and Arts and Culture. The mission of the Foundation is to build strong and vibrant communities, improve the quality of life, and make a positive difference in the communities where Wachovia does business.