ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

$1 Million Gift Focuses on Recruiting Qualified Pharmacy Students

CEDARVILLE, OHIO, June 12, 2023 (GLOBE NEWSWIRE) -- In support of the Cedarville University School of Pharmacy, Dr. Lucy Malmberg, a nationally renowned pharmacist, has given $1 million to establish the George and Lucy Malmberg Foundation Pharmacy Scholarship.

The scholarship will support student recruitment and create a “hardship fund,” which will offer aid to students who are facing financial difficulty due to unforeseen circumstances. The scholarship will also finance travel expenses for students participating in medical mission trips and professional organization meetings.

This donation is a part of Cedarville’s $175 million One Thousand Days Transformed: The Campaign for Cedarville. Currently, the university has commitments of $131.8 million. The campaign is focused on expanding Cedarville’s facilities, maximizing affordability for students, enhancing the student experience, and providing a financial foundation for the university’s sustainability.

“Pharmacy is a profession of compassion and care when it is lived at its best,” said Malmberg. “People need relational, compassionate care from someone who is medically and pharmaceutically competent. People need to know that they are known, loved and cared for, and pharmacy is a way of doing that.”

Malmberg is an educational philanthropist, pharmacist, entrepreneur, and former CEO and board chair of Wedgewood Pharmacy in Swedesboro, New Jersey. She and her late husband, Geroge, co-founded Wedgewood Pharmacy in 1981 and worked together to transform the local community pharmacy. They were passionate about supporting Christian pharmacists to continue to transform the industry.

During more than 40 years of pharmacy experience, Malmberg has served on numerous boards and associations, including the Christian Pharmacists Fellowship International (CPFI), where she met Dr. Jeff Bates, dean of Cedarville’s School of Pharmacy.

“The school of pharmacy is beyond grateful for this generous donation that will allow us to recruit Christian pharmacy students,” said Bates. “Dr. Malmberg’s donation will transform our ability to shape our students throughout their pharmacy journey so that their cost of attendance is contained, and they can be eternally focused and missionally minded. "

Of the $1 million gift, $750,000 will fund student recruitment efforts in order to continue bringing qualified students into Cedarville’s pharmacy program. The remaining funds are broken down into categories: $100,000 for pharmacy students who travel on mission trips or contribute at professional pharmacy organization meetings, $100,000 for the hardship fund and $50,000 for professional development for students.

This $1 million gift will provide funds to improve student recruitment, provide travel opportunities for mission trips and professional pharmacy organization meetings, create a hardship student fund and aid in the professional development and technical needs for students.

“When you are a Christ follower and a pharmacist, you have such a powerful way of touching people,” added Malmberg.

Located in southwest Ohio, Cedarville University is an accredited, Christ-centered, Baptist institution with an enrollment of 5,082 undergraduate, graduate, and dual-enrolled high school students in more than 175 areas of study. Founded in 1887, Cedarville is one of the largest private universities in Ohio, recognized nationally for its authentic Christian community, rigorous academic programs, high graduation and retention rates, accredited professional and health science offerings, and the #4 national ranking by the Wall Street Journal for student engagement. For more information about the University, visit cedarville.edu.

By Caroline Tomlinson

Photo Captions

1-      Dr. Samson Amos works with a student in a lab in Cedarville University School of Pharmacy.
2-      Dr. Lucy Malmberg Headshot.



Attachments


Mark D. Weinstein
Cedarville University
937-532-6885 (m)
mweinstein@cedarville.edu
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.