A man who was the first in his family to attend college—and who went on to become a successful real estate developer—has made a $100 million contribution to help other first-generation students.
A man who was the first in his family to attend college and went on to become a successful real estate developer has made a $100 million contribution to help other first-generation students.
The Walentas’ donation -- one of the largest ever to the University of Virginia - was announced Saturday night at a gala kicking off the public phase of the university’s $5 billion capital campaign. Part of the Walentas' donation will create a new Walentas Scholars program for 60 first-generation undergraduate students from the state of Virginia, Rochester, New York, where Walentas grew up, and New York City, where his real estate empire is based.
The remaining $25 million of the $100 million will go toward professorships and fellowships through the Darden School of Business and the university's Jefferson Scholars Foundation. Colleges have also started paying attention to the particular impact student debt has on first-generation students, who are often turned away from completing or even beginning their college degrees because of it, experts say.
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