Like most colleges, at City College, in order to maintain funding, scholarships are mostly dependent upon private donations.
According to Director of Institutional Advancement Tracy Newman, City College alumna Hulda Mae Stone passed away in September 2011, bequeathing half of her estate—$1.375 million in total—to City College’s scholarship and student emergency loan program.
The donation is the largest in City College’s history. Stone attended City College for two years in the 1930s, and according to Newman, she deeply believed in the need for higher education.
The funds should be available to applicants next academic year through City College’s scholarship program, Newman said.