MALONE FAMILY FOUNDATION PROVIDES $2 MILLIONScholarship Fund Benefits Gifted Students at Mary Baldwin University

May 29, 2001

Today, a representative of the Malone Family Foundation visited Mary Baldwin University to establish a $2 million endowment fund at the college. The Malone Scholars Program Fund, as it is called, will provide scholarships to intellectually gifted, financially needy young women who enter Mary Baldwin University through its Program for the Exceptionally Gifted (PEG). Four or five students each year will be designated Malone Scholars and receive significant grants from the fund, up to the full cost of attending college. Mary Baldwin’s comprehensive fee (tuition, room and board) for 2001-2002 is $23,440.

PEG, established in 1985, is an early-entrance college program for gifted young women, who begin their college career up to four years early and graduate with a bachelor’s degree as young as 17. Based on the latest research in gifted education coupled with practical experience, it is the only such program in the country specifically designed for females. PEG students are Mary Baldwin University students: they attend classes on Mary Baldwin’s main campus in Staunton, live on campus, and participate fully in student activities, student government, athletics, and other extra-curricular activities. In their first years on campus, they live in a fully supervised PEG residence hall; by the time they are seniors, they may live anywhere on campus. More information about PEG is available at https://go.marybaldwin.edu/peg.

The Malone Family Foundation was founded in 1997 by Dr. John C. Malone, well known communications and media executive and investor, and his family, with one principal objective: to improve access to quality education for extraordinarily talented young people who lack the financial resources to develop their talents. Based in Englewood, Colorado, last year the Foundation awarded over $6 million to institutions in the US to create scholarship funds for gifted students.

Privately funded scholarship support is particularly important for PEG students because they need the kind of challenging academic environment that Mary Baldwin offers and the supportive supervision provided by PEG.

Mary Baldwin University is a multi-faceted liberal arts college in Staunton, Virginia, with three residential programs for women – the Traditional Program, the Program for the Exceptionally Gifted, and the Virginia Women’s Institute for Leadership – as well as coeducational, non-residential Adult Degree and master’s programs. Mary Baldwin offers the B.A. and/or the B.S. in 32 majors, the Master of Arts in Teaching (MAT) with K-8 emphasis, the Master of Letters (M.Litt.) and Master of Fine Arts (MFA) in Shakespeare and Renaissance Literature in Performance, and post-graduate teaching licensure (PGTL). The oldest women’s college affiliated with the Presbyterian Church U.S.A., Mary Baldwin was founded in 1842 and is also the first women’s college to be granted a circle of the national leadership honor society Omicron Delta Kappa. It is one of only 262 colleges and universities to house a chapter of the prestigious Phi Beta Kappa honor society.

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