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San Diego State University Receives $20 Million for Scholarships

originally posted by Philanthropy News Digest
February 7, 2014

San Diego State University has announced a $20 million gift from real estate developer and philanthropist Conrad Prebys to create several endowed scholarships.

The gift — the largest ever to SDSU — will provide scholarships to at least one hundred and fifty students each year, including veterans who are within two semesters of graduating and have exhausted their GI benefits and other forms of financial support; students intending to pursue careers in biomedical research and biomedical engineering; students in the creative and performing arts, including musical theater, poetry, and creative writing; and Guardian Scholars — SDSU students who are former foster youth and require year-round financial assistance. The gift also provides scholarships for students who demonstrate a propensity for entrepreneurial achievement, as well as participants in SDSU’s various leadership programs and students in the honors program.

Prebys, president of Progress Construction and Management, amassed a fortune building and developing properties in San Diego and across the nation. He has made sizable gifts over the years to various organizations in Southern California, including Scripps Health and the San Diego Zoo. In recognition of his most recent gift, the university will rename its newly opened student union after Prebys.

“As one of our most distinguished community leaders, Conrad Prebys has, literally and figuratively, helped build San Diego from the ground up through his real estate development and his philanthropic support of our cultural, educational, and medical institutions,” said SDSU president Elliot Hirshman. “The endowed scholarships Conrad is creating will transform our campus, providing support for programs throughout the university. We are deeply grateful for this gift and Conrad’s profound commitment to our students and their futures.”

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