September 24, 2020

UCCI receives generous donation from scholarship fund

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In an effort to provide educational opportunities for needy and deserving Caymanian students, the founders of the Ironwood Scholarship Fund donated over CI$100,000 to the University College of the Cayman Islands (UCCI).

“The Board of Governors of the University College of the Cayman Islands wishes to publicly record its profound gratitude to the founders of The Ironwood Scholarship Fund for their generous donation of CI$106,259.76 to UCCI,” said Mrs. Berna Cummins, Board Chair.

The Board of Governors further records its sincere appreciation to CIBC Bank and Trust Company (Cayman) Limited, in particular the CEO Mr Ben Gillooly, for their waiver of all charges and fees against the funds.

UCCI President Roy Bodden said that the Board will determine how the funds are disbursed. “As originally conceived, the Fund would have been self-perpetuating. To maintain this objective the funds would have to be disbursed as some kind of loan which will have to be repaid. This is a task best left to the Board, and we should settle this prior to any disbursement. I will, however, suggest to the Board that the original intentions of the Founders should be maintained.”

Further information on how interested students can avail of scholarship opportunities will be made available to the public in the near future.

 

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