- Associated Press - Sunday, November 22, 2015

DURHAM, N.H. (AP) - A University of New Hampshire alumnus, whose generosity funded an entire business program at the school, has donated $5 million for a scholarship fund to help business students.

Next fall, 36 entering business students will receive $5,000 every year for all four years if they maintain high academic performance.

Over the next five years, more than 250 students across Peter T. Paul College’s three programs of business administration, economics and hospitality management will receive the scholarship money. The $5,000 per year will be given in addition to any university merit awards.

Program development may include the scholars living together in the first year and participating in a specially-designed leadership course.

Paul, a 1967 graduate in business administration, is the CEO of Headlands Asset Management LLC, an investment management company he founded in 2008. He also owns West Biofuels, a research and development venture, and Peter Paul Wines.

“This gift allows us to strategically target one of our top philanthropic priorities, providing additional scholarship funds for the most academically promising students,” said Deborah Dutton, vice president for advancement. “I am very hopeful that Peter’s generosity and commitment to providing our students with more scholarship funds will inspire other alumni and friends to give.”

Paul said he aims to make the business college that bears his name into a magnet for the nation’s top scholars.

“My continued investment in the Paul College is intended to tip the scales for our top applicants, making Paul College the top choice for the best and brightest future business leaders,” he said.

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