Posted on | July 15, 2011 | Comments Off
The Hawaiʻi Independent Pharmacies has established an endowment at Hilo’s College of Pharmacy. Their gift of $72,500 will be matched by the Student Access and Success Fund bringing the fund total to $145,000. Beginning in fall 2011, The Hawaiʻi Independent Pharmacies, Inc. Endowed Excellence Scholarship at Hilo will provide scholarships to full-time, professional pharmacy students at the College of Pharmacy.
“Your timing for this scholarship fund is perfect,” Dean John Pezzuto told the group of independent pharmacists at the gift ceremony at the college. “Our new graduates who got their degrees in May are just starting jobs as pharmacists throughout the country, and they’re now finding out what it is like to pay back student loans that may total more than $200,000. Not only will your scholarship make a huge difference in future students’ lives, it will also reinforce the role of independent pharmacists among the very population who knows the value of what you do.”
The Hawaiʻi Independent Pharmacies, Inc. was established in 1987 as a network of independent pharmacies across the state to facilitate group purchasing of merchandise and other related activities. This organization helped independent pharmacies to stay competitive, while also providing a means of communication among independent pharmacists, professionally and socially. Upon the dissolution of the organization earlier this year, members voted to allocate its remaining assets to the establishment of an endowed scholarship at the College of Pharmacy.