A new scholarship funded by SunTrust Bank Foundation will offer a junior-year business major at Mary Baldwin University $5,000 during her last two years of undergraduate education.
“We wanted to help a student in our market enter a financial career after school,” said Greg Godsey, SunTrust’s market president for the Augusta-Rockbridge area.
Jennifer Young, a business administration major from Natural Bridge, will receive the first scholarship for the 2003-04 and 2004-05 school years. Godsey said the bank will annually review the status of the award.
Young will receive $2,500 for each of her junior and senior years. Applicants must maintain a minimum 2.5 grade point average and live in the local area.
SunTrust Bank has a long history of contributing to Mary Baldwin, including an annual gift for general college use and other contributions for special projects, such as the new Center for the Program for the Exceptionally Gifted.
Godsey said the foundation’s decision to name an individual scholarship this year was an effort to encourage students to apply for positions at SunTrust’s Western Region headquarters in Roanoke and pursue work in a financial field.
“Scholarship support is very important to Mary Baldwin’s ability to attract the best students,” said Judith Grey, corporation and foundation capital support officer at the college.