The William Randolph Hearst Foundations awarded Saint Mary’s $100,000 for scholarships for the 2009–10 academic year, ensuring that many deserving students can continue to afford tuition during the global recession.
Increasing scholarship awards is one of the College’s highest priorities. With the weakening economy, students and their families have told financial aid officers that resources they’ve relied on, such as home equity loans, investments and savings plans, have eroded.
“The generous grant from the Hearst Foundations will help stabilize the financial status of students at Saint Mary’s and allow them to continue on with their studies,” says Brother President Ronald Gallagher. “It provides a much-needed safety net for students with diminished financial options.”
The Hearst Foundations’ history of supporting Saint Mary’s dates back to 1965 with a grant for the library. Its most notable grants were for the Hearst Art Gallery and endowed scholarships.