Initially, Marge Krum established the James L. Krum Memorial Scholarship with the Community Foundation in 2003 with the fund providing annual scholarships since that time totaling more than $600,000. Krum Scholars are selected based on their outstanding academic, leadership and community service accomplishments.
After Marge’s death, the newly-named Jim and Margaret Krum Foundation was established under the umbrella of the Community Foundation with proceeds from the Krum family’s private foundation as a means of sustaining scholarships for area students and fulfilling the legacy of giving that was so important to Marge and Jim Krum.
“The Jim and Margaret Krum Foundation represents the largest legacy ever entrusted to the Community Foundation,” said Ernst Bruderer, Chairman of the Community Foundation of the Lowcountry. “The foresight and generosity of the Krums’ will provide scholarships for local students for years to come.”
One of the largest local scholarships available, the Krum Scholarship is typically in the $8,500 range per year, per student and is renewable for the student’s entire undergraduate and graduate school experience if certain criteria are met.
“Krum Scholars are an extraordinary group of young people, who have proven early on in their lives that they are committed to achieving the highest of standards academically, as leaders, and through service to their communities,” said Martin Cohn, Chairman of the Krum Foundation. “It is our hope, and the vision of Jim and Marge Krum, that this prestigious scholarship will help these young people achieve their educational and life goals and we are proud to support them in their endeavors.”
To apply for the Krum Foundation scholarship, please click here.