For some
donors, the connection with UCSD comes after long consideration
of several options, over the course of many conversations. For Joe
Lima '87, it came while standing at a bus stop. Later that morning
he made a call and the university's first Alumni Leadership Scholarship
was born.
"I'm turning 40 next year, and
I'd been thinking about having a big party and inviting my family
and friends. One morning I picked up my mail on the way to the bus”
- Joe lives and works in downtown San Francisco - “and there was
a copy of the May 2004 @UCSD
magazine. I started reading it and saw the ad for the new alumni
scholarship program. I immediately thought, wow, this is what I
really want to do.”
Joe, the senior director of information
technology at Hotwire.com, a cut-rate online travel Web site, was
an economics major at UCSD with a dual chemistry/philosophy minor.
“I loved UCSD,” says the
Warren College alumnus. “I had spent two years at a small private
college and wasn't happy. UCSD was larger, more diverse and had
a very active campus life. I was part of the Associated Students,
I hung out with my friends and roommates at the student center enjoying
the various events that a large university like UCSD had to offer.”
The son of Cuban immigrants
who came to California when Joe was five, he wanted to give another
newcomer the opportunity he had. “My main criterion was a scholarship
for someone who is either an immigrant or the child of immigrants.”
The new alumni scholarship
program offers alumni the opportunity to create an endowed scholarship
that is awarded immediately. With a commitment of $30,000—just $6,000
annually for five years—Joe will be able to make an immediate impact
by directing $1,000 of the gift each year toward current scholarship
support. The remaining $5,000 will be directed each year toward
the Joseph H. Lima Endowed Scholarship fund.
Joe has significantly
leveraged the ultimate value of the Lima Scholarship by taking advantage
of two matching opportunities. First, Joe asked his company to match
the endowment portion of his pledge. Hotwire.com generously agreed
to make a $25,000 gift to the Lima Scholarship over a five-year
period. As a result of Joe's creativity, the Lima Scholarship endowment
will be valued in excess of $50,000 at the end of the five-year
pledge period and at that time, the endowed fund will generate sufficient
income to underwrite an annual scholarship at the $2,000 level.
In the meantime, while
the endowment fund is building, Joe's annual gift of $1,000 for
the Lima Scholar will be matched each year for the next five years
by the Alumni Association Leadership
Scholarship program. As a result, the Lima Scholar will receive
the full $2,000 award immediately.
The Alumni Association
recently established the Leadership Scholarship program to benefit
juniors and seniors, who frequently find it difficult to balance
their increasingly challenging academic coursework with the minimum-wage
jobs needed to offset the financial burden of student loans. The
Alumni
Association seeks to establish
a $2 million endowment that will generate 20 scholarships annually
at the $2,000 level.
The first Lima Scholarship
has already been awarded to Maung Kyaw Aung, a young man studying
in the United States on a visa from Burma . The two had the opportunity
to meet at the recent Alumni Association Awards for Excellence Gala.
“I really enjoyed meeting
Maung,” says Lima. “Despite having been born in two very different
countries, I was amazed at our similarities. We were members of
some of the same clubs in high school, we were transfer students
to UCSD, and most importantly, we both see the value of a Warren
College education! Maung is the perfect candidate for my scholarship.”
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