The Towson Rotary Foundation has established a $100,000 endowment to fund a new annual scholarship for students at Towson University's College of Business and Economics.
The Towson Rotary Foundation Endowed Scholarship will be awarded each year to one undergraduate student in his or her junior or senior year.
The foundation presented the scholarship endowment to TU Dean Shohreh Kaynama at the Rotary Club of Towson's officer exchange meeting on June 29, at the Edenwald retirement community in Towson.
"We are incredibly excited by the Towson Rotary Foundation's generous gift to establish this scholarship," said Kaynama in a statement. "We are thrilled that this scholarship will help deserving students pursue a quality business education here at Towson and honored to have the support of this integral community organization."
Along with being a graduate of a high school in Baltimore City or Baltimore County and having at least a 3.0 GPA , scholarship recipients must be active in community or international service projects.
Towson Rotary Foundation, Incorporated is the funding arm of the Rotary Club of Towson. The Rotary Club of Towson Inc. was founded in 1927 to encourage and foster the ideal of service as a basis of worthy enterprise.
The foundation aids several organizations in the greater Towson area, including Pathways Tutoring, Engineers without Borders, the Lutherville Timonium Recreation Council, the Carver Center for Art & Technology (scholarship for community service), the Edenwald Scholarship Fund, the Salvation Army and the Towson Area Fourth of July Parade Committee.