U of M receives $14M for new scholarship
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The University of Minnesota has received its largest ever one time gift for a scholarship.
The estate of Myrtle Stroud has given the U $14 million. The money is being used to set up a scholarship at the U of M's College of Liberal Arts.
Stroud, a long time resident of Windom Minn., attended the U in the 1930's. She died last year at the age of 101. Her husband Charles, a business owner and investor, attended the U in the 1920's. He died in 1973.
45 students will receive financial aid from the scholarship this fall. U officials expect more students will receive the scholarship in the future as its endowment grows.
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