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Montgomery College Receives $32,000 Gift for Business Student Scholarships from Sandy Spring Bank Gift to Support the Macklin Business Institute Foundation Challenge Grant
Montgomery College has secured a second gift commitment of $32,000 from Sandy Spring Bank to support students participating in the Gordon and Marilyn Macklin Business Institute (MBI) honors program. The gift will allow four new scholarships to be offered to outstanding students with financial need during the next two academic years, starting in fall 2012.
Established in 1999, the MBI honors program provides a business honors education to Montgomery College’s top business students. The program offers a challenging curriculum, experiential learning opportunities outside the traditional classroom setting and scholarship benefits. MBI students have transferred to leading U.S. four-year business schools, including the Robert H. Smith School of Business at the University of Maryland, Cornell University, New York University and Columbia University.
The Sandy Spring Bank gift counts toward the Gordon and Marilyn Macklin Foundation’s $750,000 challenge grant to support the MBI program. The foundation’s grant created a dollar-for-dollar matching challenge of up to $750,000 in gifts and pledges from additional donors to the program. The donation will be distributed over the next five years.
“We are proud to have Sandy Spring Bank as a generous supporter of Montgomery College students,” said Dr. DeRionne Pollard, Montgomery College president. “This recent gift will strengthen the College’s Macklin Business Institute honors program by ensuring that students with financial need and high academic standing can receive an honors business education.”
Founded more than 140 years ago, Sandy Spring Bank is the oldest bank headquartered in Maryland. With a rich history of community support and involvement, the bank is committed to making the communities it serves better places to live, work and raise a family.
“Sandy Spring Bank and Montgomery College continue to work together to educate our future leaders,” said Daniel J. Schrider, president and chief executive officer of Sandy Spring Bank and a Montgomery College Foundation board member. “The College’s Macklin Business Institute Honors Program is preparing students to take the next step in fulfilling their dreams of achieving success in the business world. Providing scholarship support is an investment in the future of the greater community.”
For more information about the Macklin Business Institute at Montgomery College, contact Stephen Lang at 240-567-1707 or visit www.montgomerycollege.edu/macklin.