The total includes a pledge of $10 million to the University of Maryland School of Nursing to provide scholarships to nearly three hundred and fifty students pursuing undergraduate and graduate degrees — in addition to the more than one hundred scholarships funded by previous gifts from the couple. The latest gift also funds scholarships for Registered Nurse-to-Bachelor of Science in Nursing (RN-to-BSN) students from the University of Maryland Medical Center Midtown Campus and the University of Maryland Prince George's Hospital Center.
"What the Conways understand better than most is not only that Maryland needs nurses, but that Maryland needs nurses now," said UMB president Jay A. Perman. Maryland is one of four states that are expected to see a shortage of ten thousand or more registered nurses by 2025. "The Conways' extraordinarily generous gift will begin remediating these shortages. And ultimately, what that means is that the care we provide to Marylanders will improve: patient outcomes will improve, complex care will be delivered with fewer errors, we'll shorten in-patient hospital stays. And so this gift is really an investment in the health and safety of all of Maryland's citizens."
The couple's $5 million gift to the UVA School of Nursing will fund scholarships across all of the university's undergraduate and graduate programs, with the goal of reducing students' debt burden, increasing diversity in the nursing workforce, and motivating more individuals to join the profession. Two previous gifts from the couple totaling $10 million funded scholarships for students in the Clinical Nurse Leader program.
"There are many ways to impact citizens' health and wellness," said Dorrie Fontaine, dean of the UVA School of Nursing, "but the Conways recognize that supporting nursing students across the board will help us do an even better job of contributing to our nation's supply of exceptionally prepared nurses. It's truly a game-changing gift, not only for the school, but for the state, the region – and the country."
Bill Conway is co-founder and co-executive chair of the Carlyle Group and, with his wife, co-founder and trustee of the Bedford Falls Foundation.