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Beltway Companies awards endowed scholarship

Jason Cannon November 15, 2013

Beltway Companies, the largest commercial truck dealership in the State of Maryland and holding company for seven commercial truck dealerships, honored its second Endowed Scholarship Fund recipient, Tygee Shakir, at their third annual golf tournament recently.

Jack C. and Jeanne Saum, both graduates of St Mary’s College, established the Scholarship Fund as part of their commitment to corporate social responsibility.

“Our scholarship is philanthropic, and it is also very much tied into helping our business grow,” says Jack C. Saum, Beltway Companies Dealer Principal. “We believe that this scholarship will attract new talent to an industry that is fundamental to our daily lives.”

Tygee says he learned a lot about the commercial truck business during his internship, adding he received excellent mentoring while there.

“We are so proud that Tygee was awarded this valuable scholarship,” says Dr. Maureen Silva, Vice President for Advancement, St. Mary’s College of Maryland. “This fund is part of the Baltimore City Scholarship Initiative to help other companies create their own scholarship, internship and mentoring program for deserving students who are interested in St. Mary’s College. We believe that other companies can have a positive impact on the community and their businesses by following the model that Jack and Jeanne Saum designed.”

In three years, the scholarship fund has received more than $100,000 in contributions. St. Mary’s College students who are rising third-year students majoring in Business and/or Economics with financial need, are eligible to apply for the two-year, $5,000 (minimum) gap scholarship.

Scholarship recipients are also eligible for a paid internship for two summers at the company’s Maryland dealerships. The scholarship is renewable for two, one- year terms for students who remain in good academic standing.

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