(Honolulu, Hawaiʻi) - The C.V. Starr Foundation of New York, N.Y. recently awarded a $200,000 grant to the University of Hawaiʻi Foundation (UHF) to be used for scholarships for students at the University of Hawaiʻi at Mānoa campus. The funds will augment the C.V. Starr Scholarship Fund, a permanent endowment originally established in 2001.
“We are extremely pleased the C.V. Starr Foundation has established and continues to fund its Scholarship Fund for students at the Mānoa campus of the University of Hawaiʻi,” said UHF President Betsy Sloane. “Since establishing this Fund the Starr Foundation has contributed a total of $600,000 to make it one of the Foundation's single largest scholarship endowments.”
The C.V. Starr Foundation was established in 1955 by Cornelius Vander Starr who founded the American International family of insurance and financial service companies, now known as American International Group, Inc. It makes grants in a number of areas including education, medicine and healthcare, public policy, human needs, culture, and the environment.
Money from the fund will be awarded on an annual basis based upon the scholarship needs of the University of Hawaiʻi at Mānoa as determined by its Chancellor, Peter Englert.
“We plan to use this scholarship fund for two priority areas. One area is to help the university fulfill its special obligation to the state's indigenous people by supporting scholarships with preference given to native Hawaiʻian students pursuing undergraduate or advanced degrees in science and/or technology,” said Englert. “The other is to support students pursuing graduate degrees in Asian Studies. As one of the nation's leading universities in Asian Studies, the University of Hawaiʻi depends on outside funding to attract the best students.”
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The University of Hawaiʻi Foundation, a nonprofit organization, raises private funds to support the University of Hawaiʻi System. The mission of the University of Hawaiʻi Foundation is to unite donors' passions with the University of Hawaiʻi’s aspirations by raising philanthropic support and managing private investments to benefit UH, the people of Hawaiʻi and our future generations www.uhfoundation.org.