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An anonymous gift of $50,000 has been given to the College to provide scholarships for needy Southern students, the University announced yesterday.
At the request of the donor, preference will be given to both Negro and white students from Southern high schools in socially and economically depressed areas.
The anonymous donor stipulated that the entire amount of the gift be spent on awards to freshmen and sophomores in the Classes of '63 and '64. Consequently, $15,000 to $20,000 will be spent on the incoming freshman class next fall, and an equal amount on both the freshman and sophomore classes the following year.
If a candidate meets the entrance intelligence requirements, but is inadequately prepared because of poor local schooling the fund may also be used to support him for an extra year of preparatory or summer school.
Although the fund is aimed at attracting students from non-college oriented areas, the recipient still must meet the regular admission standards of intelligence, for after 1964 the special fund will be exhausted and regular college scholarship grants will be used to continue support for students who entered with aid from this two year plan.
Gift is Unique
The $50,000 gift is unusual both in that the total princpal is to be spent within two years and in that it provides for possible preparatory work before entering college. Dean Monro stated that these conditions were established by the donor and do not represent a growing trend on the part of the Committee on Freshman Scholarships.
Fred L. Glimp '50, Director of Freshman Scholarships, stated that the provision that the entire gift be spent within two years will be carried out even if enough qualified students from the South do not apply for the awards.
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