CHARLOTTESVILLE, Va. (CBS19 NEWS) -- Nearly five dozen University of Virginia and Harvard University students have been selected for the new 22nd Century Scholars scholarship program, which is launching next week.

The UVA Center for Politics partnered with the Miller Center, the Weldon Cooper Center/Sorensen Institute, and the Frank Batten School of Leadership and Public Policy to create the new program.

According to a release, the Center for Politics also announced plans for a $3 million endowment, with gifts from Eaddo and Peter Kiernan and Teresa Bryce Bazemore and Lenny Bazemore.

This will create a continuing endowment for this and other internship programs and serve as a funding source to help more students in the future.