SOUTH BEND — Indiana University South Bend has received a gift of $1 million from the Vera Z. Dwyer Charitable Trust.
The money will be used to fund scholarships for undergraduate students enrolled in IU South Bend's College of Health Sciences, according to a press release.
Half of the gift's annual income will be awarded to full-time students in the School of Nursing. The other half will be awarded to full-time students in any program within the College of Health Sciences, including dental hygiene and radiology.
Scholarship recipients must be Indiana residents, demonstrate financial need and have a minimum grade point average of 3.0 on a 4.0 scale. The scholarship is renewable and may be awarded for the fall, spring and summer terms. The number of scholarships, recipients and amounts will be decided by the scholarship committee of the College of Health Sciences.
Vera Dwyer was a philanthropist who lived in Michigan City. Her husband, James Dwyer, was an inventor and entrepreneur who owned Dwyer Instruments Inc., a leading manufacturer in the controls and instrumentation industry.
The Vera Z. Dwyer Charitable Trust is managed by Indiana Trust & Investment Management Company of Mishawaka. The Vera Z. Dwyer Scholarship in Healthcare will be managed by the Indiana University Foundation.