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Permanent endowment funds available to Hagerstown students

July 04, 2005

Students attending the University System of Maryland at Hagerstown will be the beneficiaries of a $425,000 permanent endowment made possible by the Waltersdorf/Henson Endowment Challenge.

A matching grant has been awarded to the Magnolia Foundation Scholarship Fund, which is the scholarship foundation for the Hagerstown center.

The Magnolia Foundation Scholarship Fund competed for matching-grant money available through the Community Foundation of Washington County's Waltersdorf/Henson Endowment Challenge Campaign. It was awarded a matching grant of $212,500, which will create a total scholarship endowment of $425,000.

David Warner, executive director for the Hagerstown center, said the Waltersdorf/Henson Endowment Campaign award will assist efforts in providing access to higher education for local students.

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The Magnolia Foundation Scholarship Fund was created for the benefit of the University System of Maryland at Hagerstown to enhance the opportunities for students and the success of the center. Once the Waltersdorf/Henson campaign is completed, a permanent endowment will be in place to generate a perpetual scholarship program for students attending universities housed on the local campus.

The Hagerstown location is a multiuniversity campus in downtown Hagerstown. The campus opened in January with an enrollment of 527 students attending local and on-line classes. Course offerings are geared toward students who have completed their two-year associate's degree at a community college and want to obtain a four-year degree and/or master's degree.

Participating universities currently offering course work include Frostburg State University, University of Maryland, Baltimore and University of Maryland University College.

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