Grants Create Scholarships for Risk Management and Insurance Majors and Maguire College School Scholars at Temple University
PHILADELPHIA, April 8, 2019 – A $2.75 million commitment from the Maguire Foundation will help undergraduate students at Temple University in need of financial aid pursue undergraduate degrees, excel in their courses and graduate with less debt. This will provide permanent financial support to Temple Students who are Maguire Scholars.
The commitment includes $1.5 million to go to undergraduate students at Temple University’s Fox School of Business who are pursuing majors in Risk Management and Insurance in the form of the Maguire Business Scholars Program. Another $1.25 million is set aside for the Maguire College Scholars program, which benefits Temple University students coming from one of the Maguire High School partners.
“The Foundation is committed to ensuring that gifted college students in need of financial aid are positioned to succeed at Temple through the Maguire Scholars Program, and at the Fox School of Business through the Maguire Business Scholars Program,” says Megan Maguire Nicoletti, Maguire Foundation President and CEO. “The establishment of the Maguire Endowed Scholars Programs will allow students now and for years to come to discover their full potential for service and achievement and potentially pursue a career in an industry that has been so fulfilling to my father and my family.”
The Maguire College Scholars program will benefit academically strong students with high financial need for all four years of college. The foundation is involved in funding education and scholarships from Pre-K through higher education.
“This significant financial support from the Maguire Foundation has a tremendous impact on our students, allowing them to focus on their studies as they prepare for lucrative careers,” says Richard M. Englert, president of Temple University. “The Maguire Foundation has a long history as a leader in improving opportunities for deserving individuals. At Temple, we are grateful to have such a strong relationship with the Maguire Foundation and thankful for this investment in our Fox School students.”
The business school scholarships will benefit at least five Risk Management and Insurance students as they focus on the core classes in their major.
“Scholarships do more than make education affordable for at-need students,” says Interim Dean Ronald Anderson, of the Fox School of Business and the School of Sport, Tourism and Hospitality Management. “The Maguire Scholars and Maguire Business Scholars programs put students in a position to pursue their career with less debt when they graduate. Scholarships like the Maguire Foundation offerings put students in a position to succeed, not only in school, but also when they enter the job market.”
Sam Belkowitz, BBA ’19, said the Maguire Scholars program enabled him to excel at the Fox School.
“It allowed me to really focus on my studies,” Belkowitz says. “I have been able to really succeed in my coursework at Temple. I have a 3.95 GPA and a big part of that is I did not have to worry about making money while going to school.”
Belkowitz has benefitted from the scholarship since the spring semester of his junior year at Temple, when he pursued his major in Risk Management and Insurance. He said after graduation he will hit the job market with less debt, enabling him to aim for a job he really wants.
“One big thing is just the opportunity to really pursue what I want to do and not have to worry about paying off my loans so much,” Belkowitz says.
Sandra Michel, BS ’19, said she would not have been able to pursue her degree without the Maguire scholarship. Michel, who graduated from Archbishop Prendergast in 2015, has benefitted from the scholarship all four years at Temple University.
She will graduate with a degree in recreational therapy from Temple University’s College of Public Health and hopes to pursue a master’s degree while working with people who have mental health challenges.
“The scholarship is a good impetus to stay involved in social work and active in the community,” Michel says. “And it takes a huge financial burden off me and my family.”
The foundation is making the contributions to both programs over a five-year period in order to establish a permanent endowment at Temple University. The money is being added to a series of contributions the Maguire Foundation has made to the school since 2013, when the Maguire Scholars program began at Temple University with a commitment to students studying risk management and insurance.
About the Maguire Foundation
The Maguire Foundation is a nonprofit organization that invests in education, the arts and humanities and fighting hunger and homelessness. The foundation funds scholarships as 31 different universities and colleges.
The foundation was established on Oct. 2, 2000 by James and Frances Maguire. James Maguire is the founder and chairman emeritus of Philadelphia Consolidated Holding Corporation, which includes the subsidiaries Maguire Insurance Agency, Tokio Marine Specialty Insurance Company and Philadelphia Indemnity Insurance Company. He is a Korean War veteran and graduate of Saint Joseph’s University.
About the Fox School of Business
Temple University’s Fox School of Business is the largest, most comprehensive business school in the Philadelphia region and among the largest in the world, with more than 9,000 students, 220 full-time faculty and 60,000 alumni around the globe. The Fox School has a proud tradition of delivering innovative, entrepreneurial programs for the past 100 years. With facilities that provide access to market- leading technologies, the school fosters a collaborative and creative learning environment. Coupled with its leading student services, the Fox School ensures that its graduates are fully prepared to enter the real-world job market. Learn more at fox.temple.edu. Follow us on Twitter, Facebook, Instagram and LinkedIn.