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News Releases, 2004 - 2005 Academic Year |
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Iona Receives Largest Endowment Gift in its History and
Establishes the
DeFeo Family Scholarship Fund New Rochelle, NY - 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. Founded in 1940 by the Congregation of Christian Brothers, Iona College is a private, coeducational institution of learning in the tradition of American Catholic higher education. Iona offers undergraduate degrees in liberal arts, science, and business administration, as well as master of arts, master of science and master of business administration degrees and numerous post-graduate certificate programs. (-30-) For questions or more information please contact:
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