Iona announces the establishment
of the DeFeo Family Endowed Scholarship Fund, the largest endowment in Iona's
history.
Secured in an initial gift of nearly $664,000 by Ronald M. De Feo, Iona
Class of 1974, in memory of his brother Noah, Iona Class of 1967, this
fund will provide several deserving Iona undergraduate students with a
significant scholarship opportunity each year.
"This is a reflection of a successful Iona graduate who has chosen
to give something back to the College and aid students in pursuit of their
dreams. We are extremely grateful to Ron and his family," said Brother
James A. Liguori, CFC, president of Iona College.
DeFeo is the chairman and chief executive officer of Terex Corporation,
a multibillion-dollar global construction equipment manufacturer in Westport,
Connecticut. In making this historic donation, DeFeo said "I was blessed
to attend Iona on a scholarship in 1970 in memory of my deceased brother
Noah who, at the time of his fatal accident, was a recent Iona graduate.
I have waited 30 years to be in a position to establish an endowed fund
and I am thrilled to do so for my family and Iona. I look forward to helping
many students lighten the fiscal burden of a college education."
Please call (914) 633-2069 for further information regarding the DeFeo
Family Endowed Scholarship Fund.
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