Foster M. and Cleo E. Broome Scholarship Endowment established
Through a recently established scholarship endowment, the legacy of Foster and Cleo Broome will live on. A recent gift, resulting from the closeout of the Broome Trust, created the Foster M. and Cleo E. Broome Scholarship to benefit UWF students with financial need.
Mr. Broome, a retiree of St. Regis Paper Company, died in the late 1970’s and left the bulk of his estate in trust to “provide financial assistance to needy students…to obtain college or other post-high school education.” Since his death, the Broome Trust has been administered by Trustee Thurston A. Shell. During his administration, numerous need based and deserving students have been beneficiaries of the generosity of Foster Broom.
Recently, Trustee Shell relinquished his trusteeship and passed on to the University of West Florida Foundation the privilege of handling the remainder of Foster M. and Cleo E. Broome’s funds for the benefit of deserving students. This new need based scholarship will be administered by the Office of Financial Aid and the first awards will be made in 2011.
In addition, the Broome Endowment will count towards the UWF and Johnson Scholarship Foundation (JSF) Challenge. The challenge states that UWF will receive $600,000 from JSF if UWF raises $1 million by October 2012 in new need based scholarship endowments. As a result of gifts like the Broome endowment, UWF is on track to meet this challenge.
For additional information on how to establish a scholarship endowment or to learn more about the Johnson Scholarship Challenge, contact Martha Lee Blodgett , 850-474-2712 or email@example.com.
By Martha Lee Blodgett, University Advancement