$1 Million Gift Creates Schofield Athletic Scholarship Fund
Release Date: 09-03-2010
A $1 million gift to the University of Vermont will fund an endowment for athletic scholarships.
George H. Schofield, UVM Class of 1951, named UVM as beneficiary of a $1 million life insurance policy that became payable this summer. Mr. Schofield, the retired president, chief executive officer, and chairman of Zurn Industries of Erie, Penn., died in 2008 at age 78. He was co-captain of the football team while a student at UVM and with his wife Barbara, also UVM class of 1951, was a long-time donor to the university. Barbara Schofield will celebrate her 60th UVM reunion in 2011.
"The endowment will generate the equivalent of a full athletic scholarship for us every year," said director of athletics Robert Corran. "We're very appreciative of this exceptional gift. It's very significant for us, as it reinforces our longstanding commitment to excellence in both athletic and academic performance." Corran said it is yet to be determined whether the funds will be expended as one full scholarship annually or divided among several student-athletes.
According to the terms of the gift, the Schofield Athletic Scholarship Fund will support students of proven academic ability and need who are on at least one intercollegiate sports team. Recipients are recommended by the director of athletics. They must be residents of a state other than Vermont who graduated in the top third of their high school graduating class and who remain in the top 50 percent of their respective UVM class. First preference will be given to students from the state of New Jersey.
The Schofields' daughter Linda S. Brown is also a UVM alumna, class of 1975, as are two of their six grandchildren, George Schofield V, class of 2004, and Gretta Brown, class of 2007.