Dan
Borislow, Chief Executive Officer of magicJack
and Inventor of magicJackTM, encourages
CEOs nationwide to establish similar funds at their alma maters using their annual bonuses
CEOs nationwide to establish similar funds at their alma maters using their annual bonuses
(Chester,
Pa., December 21, 2012) – Through a generous donation by magicJack from one of their
alumni Dan Borislow, Widener University has established three full memorial
scholarships to honor victims of the tragic shooting at Sandy Hook Elementary
School in Newtown, Connecticut. The siblings of those lost in the tragedy and
dependents of the adults who lost their lives will be eligible for the
scholarships, which will cover all costs over four years should they be
accepted to Widener University.
“It is a
constant education process that will be used to help heal the survivors and
this education should obviously be provided at no cost,” said Borislow, Chief
Executive Officer at magicJack. “I hope that my act inspires other CEOs and
leaders in the business community to develop comparable endowments at their
alma maters. I have foregone my entire bonus to help enable magicJack to make
this donation. If there ever was a time to give, now is the time. If each CEO
would donate just one scholarship to their alma maters we would have this
covered.”
“I was deeply
moved when Dan reached out to me in the wake of this tragedy to establish
memorial scholarships to honor the victims of Sandy Hook Elementary School,”
said Widener President James T. Harris III. “Dan’s desire to directly
provide these students with the gift of education and encourage others to
establish similar funds at their alma maters is a testament to the leadership
and civic engagement mission that is instilled in our students and personified
by Dan Borislow.”
In addition
to the three full scholarships that Borislow’s donation will fund, Harris
announced that the university would fund a fourth full scholarship. The
scholarships will be available up to 20 years, or until all four scholarships
are awarded. Eligible students may apply for the scholarship beginning in fall
2013. The last year of eligibility will be the 2032-33 academic year.
Interested applicants are encouraged to contact Widener University at 610-499-4123 for more information.
Borislow has
been in the telecommunications industry for more than 20 years and is
recognized for pioneering and inventing the development of breakthrough
technologies such as the magicJackTM. MagicJackTM is a
free telephone service with over 11 million distributed. Most recently,
magicJackTM was recognized with the most prestigious award for best
voice-over-internet-protocol (VoIP) service in terms of quality, price, value
and ease of use. Borislow’s generous philanthropic efforts have supported
numerous children’s and women’s causes.
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