NASSAU, The Bahamas – As the College of The Bahamas (COB) transitions into university status, the institution will benefit from a half-million-dollar endowment fund thanks to the generosity of Commonwealth Brewery’s Endowed Educational Fund and Scholarship Award Programme. Along with a year-round internship, the scholarship provides a study abroad experience, and a guaranteed two-year entrance level employment opportunity.
COB’s President Dr. Rodney Smith said scholarships, such as this one, are a “critical” part of higher education and impact not only the education of the recipient, but also their lives and their families.
He said the “generous” and “significant” donation strategically complements and supports other vital steps on the College’s journey to university.
Julian Francis, chairman of Commonwealth Brewery described the endowment fund as a show of commitment to the building of The Bahamas. “We recognize that for our country to grow, we must grow as a people and as a nation. And what better way to make a national contribution than through the country’s premier tertiary institution.”
Hans Neven, managing director of Commonwealth Brewery, said the fund is important proof of the company’s long-term commitment to the socio-economic and educational development of The Bahamas.
He said Commonwealth Brewery is “fully” committed to the education, employment and development of Bahamians and looks forward to the fund paving the way to a relationship between the organization and the institution.
The memorandum of understanding was signed at the Harry C. Moore Library and Information Centre of The College of The Bahamas on Monday, July 27, 2015. Dr. Earl Cash, deputy chair of the Council of COB, other senior members of the College community, and deans of departments were also in attendance.