Reuters News Service establishes scholarship in memory of colleague
NEW YORK - Reuters News Service, the prestigious British-based international news agency, announced on February 8 at the Ukrainian Institute of America in New York that it has started a scholarship fund for journalism students of Ukrainian heritage.
The scholarship has been named The Michael Terech Memorial Fund, in honor of the 42-year-old Ukrainian American who died last summer after a tragic accident while attending a corporate conference at Lake Mohonk, N.Y. Mr. Terech was a director in the Data Quality Department of Reuter's Fixed Income section, located in Stamford, Conn.
The fund was announced with the presentation of a check for $5,000 by Reuters representative Doreen Ralston to the Ukrainian Institute of America on February 8. The UIA has agreed to administer the fund.
Present at the event were Mr. Terech's widow, Bohdanna, Gerald Nestor, a friend who directed the original fund-raising, Luba Kos, a member of the board of the UIA who worked with Reuters to establish the fund, Walter Baranetsky, president of the UIA and Andriy Paschuk, vice-president, among others.
Mr. Baranetsky explained that Mr. Terech was an active member of the UIA who supported its activities. He said that Mrs. Terech had asked at the time of her husband's death that in lieu of flowers contributions be sent to the UIA.
On November 17, 1995, four months after his death, Mr. Terech's co-workers, who had raised $4,000, presented the UIA a check. Reuters also stepped in and decided that it would match contributions by its employees and offer a scholarship.
A letter that Reuters sent to Mr. Baranetsky in November 1995 explained: "It is being established by Reuters and Reuters colleagues as a long- standing tribute to Mike's memory and his work with the institute."
The scholarship will be awarded annually to an undergraduate student studying journalism in the United States who is of Ukrainian heritage.
Specifics of the fund are still being developed and will be made public as soon as possible.
Copyright © The Ukrainian Weekly, February 25, 1996, No. 8, Vol. LXIV
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