Williamsburg Technical College recently received a scholarship donation from Dr. Walter and Beth Cottingham of Kingstree.
The $10,000 donation will endow the Walter C. and Elizabeth D. Cottingham Scholarship at the College. Criteria will be defined and the scholarship will be awarded as soon as sufficient interest accrual is realized.
“Williamsburg Tech is doing a great service to our community,” Dr. Cottingham said in a press release issued by the college. “With all of the cutbacks in state funds, tuition is all but unaffordable, and many can’t afford to go away to the four-year institutions. If we don’t educate our young people, we’re in trouble. Education is the answer to success in our county.”
Dr. Cottingham said he realizes the importance of an education because of his own experience of working his way through college. He said he and his wife are pleased to be able to offer assistance to deserving students who may also be working their way through college.
Scholarship gifts at Williamsburg Technical College are categorized in three ways. Gifts up to $1,000 become part of the General Scholarship Fund and will be awarded to eligible students as determined by the College scholarship committee. Gifts of $1,000 or more will be given in the name, honor, or memory designated by the donor or in the name of the donating organization, business or other entity. These scholarships are given each year as funded by the donor. A gift of $10,000 or more will endow a scholarship to be given in perpetuity in the name, honor, or memory of the donor. The scholarship is derived from the interest accrued on the donated amount, which must be earned before the scholarship is awarded.
Gifts made payable to the Williamsburg Technical College Foundation, a not-for-profit organization, are tax-deductible.
For information on participating in the Williamsburg Technical College Foundation Campaign for Educational Enrichment, call (843) 355-4121 or visit the college’s Office of Public Relations and Development.
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