Susquehanna University is among 10 Pennsylvania colleges and universities targeted by a new education foundation that is awarding four-year scholarships to young entrepreneurs.
The McKelvey Foundation, founded by Andrew McKelvey, chief executive officer and founder of TMP Worldwide Inc., is a non-profit foundation awarding full, four-year scholarships to rural high school seniors demonstrating financial aid need and entrepreneurial spirit outside the classroom.
Sixteen graduating high school seniors from the class of 2001, who otherwise might not have afforded college, have been selected to receive the first McKelvey Foundation scholarships.
"Being an entrepreneur comes from the heart, and doesn't always reveal itself through traditional classroom activities," says McKelvey, 65, whose New York-based company owns such properties as the Internet career portal Monster.com. "I've been fortunate in the opportunities I've explored to have built a truly entrepreneurial company with TMP.
"Now I want to use my own success to help others learn and achieve as well - especially those who might not otherwise get such an opportunity. After careful evaluation, we found that the greatest need was in rural schools, particularly among students whose talents are demonstrated outside of the classroom."
The foundation, which announced the scholarship program in early February, initially targeted rural Pennsylvania school districts with the lowest average income and population ratio in the state.
In addition to Susquehanna, partner schools are Bucknell University, Dickinson College, Lehigh University, Lock Haven University, Mansfield University, Shippensburg University, Seton Hill College, Wilkes University, and Westminster College.