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New U-Md. president gives $100,000 to university

Incoming University of Maryland President Wallace D. Loh and his wife Barbara have pledged $100,000 to help U-Md. students with financial needs stay in school, according to chief university spokesman Millree Williams.

According to an announcement posted late Tuesday, the gift will be spread over four years, and $10,000 of the first-year donation will go toward Keep Me Maryland, an emergency fund to help struggling students continue.

According to the release, the university received more than 900 emergency aid appeals from students in the 2008-09 academic year, and aid appeals exceeded 1,500 in 2009-10. The Keep Me Maryland fund typically dispenses small aid awards -- $500 to $1,500 -- to keep students afloat.

The Keep Me Maryland fund has raised more than $500,000, including a student-initiated program that raised $22,000 from students in dining halls.

Loh was named to the U-Md. presidency last month. He is finishing a tenure as provost of the University of Iowa and starts his new job Nov. 1, at a salary of $450,000.

The gift comes from a man who worked his way through college after immigrating alone from Peru, reportedly with $200 in his pocket.

By Daniel de Vise  |  September 14, 2010; 7:30 PM ET
Categories:  Administration , Aid  | Tags: UMD president gift, University of Maryland, University of Maryland Loh gift, Wallace Loh  
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Comments

Glad he can afford that. What's his annual salary and benefit package? ..wonder what he'll say to U Md employees if/when he announces lay offs and to the students when he cuts services to them.....

Posted by: 10bestfan | September 15, 2010 4:29 PM | Report abuse

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