Education

Anderson Family Establishes $2Million Endowment in Support of UVI Students

The University of the Virgin Islands received a financial gift from the Marion & John E. Anderson Foundation on Thursday in a ceremony at the university’s Albert A. Sheen Campus, UVI has announced. The university is among a group of non-profit organizations in the territory that were selected to be a part of the family’s philanthropic efforts in the aftermath of Hurricanes Irma and Maria. The investment will be among the most significant gifts the university has received in recent years, according to the release. The Anderson Family will establish the TOPA Endowment with an initial $2 million investment. Annually, the fund will generate approximately $100,000 in scholarship funding for students who graduate from one of the local public high schools and enroll at UVI, according to the release. Through the endowment, 20 students will receive full $5,000 scholarships with 10 dedicated to the Albert A. Sheen on St. Croix and St. Thomas campuses, respectively. “This commitment will move us ...