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Volume
11,
No. 1 Spring 2001 |
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A
newsletter of the Lyford Cay Foundation, Inc. |
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Major investment
in education |
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College of the Bahamas Scholarship Endowment Fund has passed the $4.5 million
mark. Established by the Lyford Cay Foundation and The Canadian Lyford Cay
Foundation in 1996, the fund is used solely to provide scholarships to deserving
Bahamian students who meet the academic requirements and demonstrate a financial
need. When the Fund reaches its $5 million goal, there will be approximately $400,000 per year available to provide scholarships for Bahamian students at The College of The Bahamas. The Committee is optimistic that the targeted $5 million will be reached by November 2001. Many Bahamians have already benefited from the generosity of donors to the fund. More than 400 students have already been granted Foundation scholarships at The College of The Bahamas. |
 William Holowesko (left), Scholarship Endowment Fund Co-chairperson, and Harry Moore (right), Lyford Cay Foundation Chairman, with Michael Phelan, Royal Bank Vice-President, The Bahamas and Cayman Islands. (Photo: Terrance Strachan) |
Royal Bank donates $10,000 The
Royal Bank of Canada has donated $10,000 toward educating more Bahamians.
The money has been divided equally between the Lyford Cay Foundation’s
College of The Bahamas Scholarship Endowment Fund and the Technical Training
Scholarship Program. The bank has already contributed $20,000 to the Endowment
Fund as a special gift in commemoration of more than 90 years of service
in The Bahamas. |
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Oh
Canada! More Lyford Cay scholars opting for Canadian schools
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| Twenty
Bahamian students are attending Canadian colleges with financial assistance
from the Foundations, including 14 who receive scholarships from The Canadian
Lyford Cay Foundation. Over the past three years the number of students
applying for scholarships from The Canadian Lyford Cay Foundation has more
than doubled. Among these are some of the best students graduating from
local high schools. Notably,
two of the last three winners of The All-Bahamas Merit Scholarships have
opted for Canadian universities. Another two students are attending Canadian universities, having received The Estelle Siebens Excellence Awards, which are reserved for exceptional Bahamian students. Yet another is studying culinary arts at George Brown College in Toronto on a Lyford Cay Foundation Technical Scholarship made possible by a grant from The Diana, Princess of Wales Memorial Fund. The Abaco Scholarship Fund is providing assistance for a student from Cooper’s Town who is attending McGill University in Montreal. More and more Bahamian students are looking to Canadian universities and colleges as offering a high quality of tertiary education at a cost considerably less than comparable institutions in the United States. |
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Caystone Spring 2002 Newsletter