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$2.4 Million Bequest Expands Presidential Scholars Program

The leadership campaign has received the University's largest bequest ever- $2.4 million from the estate of the late Marguerite S. Parker. The gift will create an endowed Presidential Scholarship fund that will support eight presidential scholars.

Although Parker did not attend Northeastern, she made the bequest to honor her lifelong friend, who launched a rewarding business career after graduating from Northeastern.

In 1997, President Richard M. Freeland created the scholarship program to recognize Northeastern's most outstanding students. Scholars excel in all three components of practice-oriented education — the liberal arts and sciences, professional fields, and co-op. To date, Northeastern has awarded scholarships to 84 of its best and brightest students with full tuition coverage for their final three years.

"We are honored and grateful that Marguerite Parker saw Northeastern as worthy of support, and her generosity will strengthen a key program," says Freeland.

Presidential Scholarships are an important component of Northeastern's retention efforts, because they provide an incentive for academically outstanding students to complete their education at the University.

Although Parker did not attend Northeastern, she made the bequest to honor her lifelong friend, the late Marjorie L. Stevens, UC '63, UC '66, who launched a rewarding business career after graduating from Northeastern.

While still a student at Northeastern, Stevens became the first female executive for DC Health & Co, as an assistant treasurer and assistant clerk at the publishing firm. Later, she worked for the investment firm, Kidder Peabody & Co. in Boston, where she became assistant vice president. For 25 years, Stevens was a generous supporter of the Northeastern Fund.

Parker met Stevens in elementary school in their hometown of South Peabody, Mass. They graduated from Peabody High School together, and both attended the Katherine Gibbs School. Parker went on to a career at Shawmut Bank.

"I am glad that Marguerite did this for Northeastern and that a number of deserving students will get a real boost, "says Stevens' sister, Grace Short. "Northeastern reinforced Marjorie's own sense of ability and instilled confidence in her at a time when men dominated the business world." Short traveled with Parker and Stevens on a number of trips overseas.

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Presidential Scholarship
Practice-Oriented Education
  This article appeared in the Fall 2004 issue of Pathways: The Leadership Campaign.          

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