Peter G. Angelos, a prominent Baltimore lawyer, has pledged $1 million to the University of Baltimore Educational Foundation to establish an endowed scholarship fund for Maryland residents studying at its law school.
When completely financed in four to five years, the endowment will generate about $50,000 in annual scholarship money, said Sheldon Caplis, vice president for development at the university.
Mr. Angelos made an initial $250,000 contribution Thursday and will finance $12,000 to $15,000 in scholarships in the 1994-1995 school year, Mr. Caplis said.
"This is the largest gift the Educational Foundation has ever received," Mr. Caplis said, noting that university officials had been talking with Mr. Angelos about a potential gift for several years.
"He really cares about education and what it did for him," the university official said.
Mr. Angelos, a 1961 graduate of the law school, went on to prominence as a
trial lawyer whose work has included product liability and medical malpractice litigation. His son, John, will graduate from the law school in June, and Mr. Angelos' sister, niece and nephew also are alumni.
"This fund will ensure the legacy of excellent legal education and training, which the University of Baltimore offers to the citizens of Maryland and to the legal community," Mr. Angelos said in a statement.
In appreciation of the contribution, the university's Board of Regents agreed yesterday to name the law center the John and Frances Angelos Law Center in memory of Mr. Angelos' parents.
The school, at Maryland and Mount Royal avenues, has a full-time faculty of 42 and an enrollment of 1,050 students in its day and evening programs.
In-state tuition and fees will total $6,100 in the 1993-1994 school year.
Mr. Caplis said a law school scholarship committee will decide on the size and number of scholarship awards, and that Mr. Angelos has placed no restrictions on those awards, other than that they be awarded to Maryland residents.