2007-06-26
Greater Morgantown Community Trust accepts $1,000,000 donation from Laurence and Jean DeLynn to Establish the DeLynn Scholarship Fund
Continuing a legacy of giving that has made a lasting impact on the lives of West Virginians and Morgantown citizens, Laurence and Jean DeLynn have made a contribution of $1 million to the Greater Morgantown Community Trust to establish and administer the DeLynn Scholarship Fund.
The scholarship is intended for the higher education benefit of the children and grandchildren of Mylan Laboratories employees who are based in Mylan facilities located in Morgantown.Two scholarships worth $20,000 over four years of undergraduate education will be awarded through a competitive application process beginning in 2008. Applications will be available in January 2008, and the first awards will be made for the 2008/2009 academic year.
In addition to the verification of employment at Mylan, scholarships will be granted on criteria including academic merit, leadership and financial need.
Laurence DeLynn, a 30-year member of Mylan’s Board of Directors and longtime friend of Milan’s Mike Puskar, co-founder and Chairman of Mylan, has been a part of the growth of Morgantown for more than 50 years. Creating the scholarship fund at GMCT supports the continued growth of our community foundation and will allow the DeLynns the opportunity to give back to the company that has helped them to achieve so many of their philanthropic goals, according to Brian Thomas, President of Clear Mountain Bank and current President of the Greater Morgantown Community Trust.
Laurence DeLynn, a 30-year member of Mylan’s Board of Directors and longtime friend of Milan’s Mike Puskar, co-founder and Chairman of Mylan, has been a part of the growth of Morgantown for more than 50 years. Creating the scholarship fund at GMCT supports the continued growth of our community foundation and will allow the DeLynns the opportunity to give back to the company that has helped them to achieve so many of their philanthropic goals, according to Brian Thomas, President of Clear Mountain Bank and current President of the Greater Morgantown Community Trust.
Mylan Laboratories Inc. is a leading pharmaceutical company with three principal subsidiaries, Mylan Pharmaceuticals Inc., Mylan Technologies Inc. and UDL Laboratories Inc., and a controlling interest in Matrix Laboratories Limited, India. The company’s flagship generic pharmaceutical subsidiary, Mylan Pharmaceuticals, has several locations and more than 2,000 employees in the Morgantown area.
In 2005, Laurence and Jean joined a distinguished list of honorees to receive the Milan Puskar Award having brought their visionary leadership in the community to fruition through their many contributions to the West Virginia University School of Medicine and the Mary Babb Randolph Cancer Center.
In their hometown of Morgantown, and their adopted hometown of Longboat Key, Fla., the DeLynns have also directed their volunteer and philanthropic efforts toward children. Whether serving as mentors or helping to provide summer arts and recreation activities, Laurence and Jean have always held the health and well-being of children in highest regard. GMCT currently administers the DeLynn Arts for Children Fund to support these types of activities.
Established in 2001, GMCT is a public, 501(c)3 nonprofit, tax-exempt community foundation serving the North Central West Virginia region. GMCT currently maintains over 75 endowment, scholarship, and pass-through funds designated for local projects and community organizations in the areas of arts, education, sports and recreation, health and social services, and community development. As a local grant-maker, GMCT provided more than $500,000 in grants to the local community in 2006 through the generosity of our many individual donors. For more information on the DeLynn Scholarship Fund please contact the Greater Morgantown Community Trust office at 304-296-3433 or visit the GMCT website at www.gmctfoundation.org.