Cape Cod Resident Establishes Scholarship at Boston University in Memory of Son

Contact: Mark Toth, |

(Boston, Mass.) — Margaret Mazmanian of Bass River, Mass. has given Boston University a $500,000 gift to honor her son Edward Mazmanian, a 1952 graduate of the University’s School of Management who died of cancer nearly twenty years ago.

Mazmanian established the Edward M. Mazmanian Scholarship to ensure that her son’s memory will live on at Boston University. The scholarship will be awarded to needy and deserving undergraduate and graduate students at the University, with preference given to students of Armenian descent, paying homage to her and her late husband Joseph’s heritage.

“Edward became a developer, and I think it was through his education that he was able to do it so well,” says Mazmanian regarding her son’s success as a builder and developer.

After graduating from Boston University, Edward worked for a steel company on Nassau Island in the Bahamas. Soon after, he moved to Bass River on Cape Cod and worked as an independent real estate developer, building apartment complexes, business blocks, and the house where Margaret currently resides.

Edward followed in his father’s entrepreneurial footsteps: Joseph Mazmanian established a grocery store on Massachusetts Avenue in Arlington in the 1920s. The store remained open until Joseph retired in the late 1960s. As a result of the Mazmanians’ dedication to the community, secondary preference for the scholarship will be given to students from Arlington, where the Mazmanians lived for over thirty years.