$8.4 Million to Fund Scholarships

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The Jim and Margaret Krum Foundation has set aside $8.4 million to provide college and graduate-school scholarships for local students. Carolyn Torgersen, a spokeswoman for the Community Foundation of the Lowcountry, said that it is the largest legacy gift a fund under the Community Foundation's umbrella has received.

Martin Cohn, chairman of the new foundation's board said that the scholarships are awarded to students who excel in school, are ambitious and are active in community service.

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