The University of Pennsylvania School of Veterinary Medicine (Penn Vet) has received a $100,000 commitment from the Thoroughbred Education and Research Foundation (TERF) to create an endowment for student scholarships.
The TERF Opportunity Scholarship Fund will provide financial support to Penn Vet students, with a preference for those intending to practice in equine medicine. Penn Vet will select the recipients based on academic criteria and financial need, according to the university, which made the announcement in late July.
“We are so grateful to TERF for creating this lasting legacy, which will help Penn Vet students with financial support and mentoring,” said Penn Vet Dean Joan C. Hendricks, VMD, Ph.D., The Gilbert S. Kahn Dean of Veterinary Medicine. “The TERF Opportunity Scholarship Fund will have an impact on the veterinary profession, and the care of horses, for many years to come.”
TERF is described as a nonprofit, charitable organization dedicated to supporting and promoting equine education and research by sponsoring scholarships in veterinary medicine, and supporting organizations that educate the public in the proper care of horses.
“Our purpose in establishing the TERF Opportunity Scholarship Fund at the University of Pennsylvania School of Veterinary Medicine is two-fold,” said Herb Moelis, TERF co-chair. “We want to provide a base of endowed scholarship confidence that Penn Vet can rely upon, while growing the earmarked fund’s income over time, thus creating an endowed scholarship fund using more of the fund’s income, and less of the principal.”