HOVENSA donates $100K to UVI's scholarship fund
Published: January 17, 2014
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ST. CROIX - HOVENSA this week donated $100,000 to the Scholarship Fund at the University of the Virgin Islands.
"It is my hope that this donation to the University will increase the opportunity for students in the territory to secure a degree in higher education right here at home," HOVENSA General Manager Sloan Schoyer said in a prepared statement issued Thursday by HOVENSA and UVI.
The check presentation occurred in a ceremony Wednesday on UVI's St. Croix campus.
HOVENSA is required under its agreement with the V.I. Government to invest a minimum of $500,000 annually in scholarships or career and technical education programs for V.I. residents.
This $100,000 donation to the UVI Scholarship Fund will go toward meeting that obligation, according to Alex Moorhead, HOVENSA spokesman. Moorhead also is chairman of the UVI board of trustees.
HOVENSA has been a major contributor to the University for many years, "and we are delighted that this support for higher education continues, even during these challenging times," UVI President David Hall said in a prepared statement.
"Their investment in the education of our students will ensure that we produce the future business leaders who will contribute the economic development of the Virgin Islands," he said.
The HOVENSA release noted that in addition to this donation to the University's Scholarship Fund, approximately 40 Virgin Islands residents who graduated in recent years from high schools in the territory are receiving scholarships directly from HOVENSA in the 2013-2014 academic year to begin or continue their studies at accredited U.S. colleges or universities of their choice.