Wachovia Foundation contribution to support HU business students

Hampton, VA - The Wachovia Foundation, in its ongoing effort to support education and community development, has made a contribution to the Hampton University School of Business.  The $476,000 contribution will directly support the creation of Wachovia Foundation Financial Services Scholarships and a Virtual Trading Room.

“The Wachovia Foundation’s commitment to Hampton University and higher education should be lauded,” said HU President Dr. William R. Harvey.  “This contribution will help Hampton University shape future global business leaders.”

The Wachovia Foundation Financial Services Scholarships will provide 23 three-year scholarships for rising sophomores in the HU School of Business financial services program. The scholarship candidates must have attained a cumulative grade point average of at least 3.0 to be eligible for the scholarship.  Scholars must maintain at least a 3.0 grade point average throughout college tenure.

A Virtual Trading Room will serve as a vital link between classroom learning experiences and business practices, and serve as a bridge between the classroom and financial markets. The 40-seat room will be equipped with a powerful computer, dual-monitor at each work station, and the software needed for simulated trading, deal capture, settlement, analytics, pricing, portfolio management, derivatives pricing, and other finance-related challenges. The establishment of the Virtual Trading Room will enable the HU School of Business to continue to compete with the most successful business schools in the nation by providing membership within the select group of schools that have established a similar trading room.

“Our mission at the Wachovia Foundation is to build strong and vibrant communities, improve the quality of life, and make a positive difference,” said Tami Simmons, director of Corporate Philanthropy at the Wachovia Foundation. “Hampton University is vital in accomplishing these goals and many others.”

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