FOR IMMEDIATE RELEASE
March 3, 2011
The Starr Foundation Announces Donation of $300 Million
Since 1980 through the C.V. Starr Scholarship Fund Program
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New York, N.Y. The Starr Foundation announced on March 3, 2011 that it has donated more than $300 million through its C.V. Starr Scholarship Fund program. The program began in 1980 as a tribute to Cornelius Vander Starr, who established the Foundation in 1955 and left his estate to it when he died in 1968. One of Mr. Starr’s philanthropic interests was providing financial assistance to students who might not otherwise be able to attend college.
The Foundation has endowed C.V. Scholarship Funds at 150 schools around the world since 1980, 85 of which have received grants of $1 million or more.
"Our scholarship programs are among the most important things we support at Starr. We have helped literally thousands of students attend the colleges and universities of their choice over the past 30 years", said Maurice R. "Hank" Greenberg, long-time Chairman of The Starr Foundation and Mr. Starr’s successor as Chairman and CEO of the Starr companies. "A college education is the key to a life of gainful employment, active civic participation and, in the end, a stronger America."
The Foundation has made grants of more than $2.5 billion since its founding, more than half in the greater New York City area. It currently has assets of $1.3 billion. Its focuses include education, medical research and healthcare, human needs, the environment, culture and public policy.