MDIslander covers announcement of new endowed scholarship
The Mount Desert Islander reported that First National Bank has pledged $25,000 to assist island residents seeking to attend the University of Maine. Jeffrey Mills, University of Maine Foundation president, said, “We appreciate the bank’s investment in future UMaine students from the MDI community.” The gift provides $20,000 toward the Mount Desert Island Region Leaders Club of the University of Maine Scholarship, an endowed scholarship fund, and an additional $5,000 over the next five years to support the scholarship program while the endowment grows. The gift was received as part of the UMaine Foundation’s Vision for Tomorrow campaign.