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March 05, 2021
University of Virginia President Jim Ryan announced to the Board of Visitors today an anonymous $5 million gift that will create new opportunities for students at Piedmont Virginia Community College who wish to transfer to the University of Virginia.
The new endowed fund will provide scholarships to PVCC students transferring to UVA who have been selected as recipients of UVA’s University Achievement Award. The scholarship, which covers full in-state tuition and fees for their time at UVA, will be called the Piedmont Scholars Program and recipients will be referred to as Piedmont Scholars.
Late last year, the University announced an additional investment of $30 million in strategic matching funds to support need- and merit-based scholarships at UVA and UVA’s College at Wise. With a dollar-for-dollar match on endowment gifts of $100,000 or more to the University Achievement Awards, $4.5 million of the gift will be matched with $4.5 million in UVA matching funds to create a $9 million endowment. The first cohort of Piedmont Scholars will be selected from applicants for the fall of 2021, and within two years, UVA anticipates that 25 scholarships will be awarded annually.