Terry Glenn graduated from William and Mary in 1963 with a degree in economics. He earned his JD from the University of Pennsylvania and spent two years in the Army. He was president and CEO at Carnegie Capital Management Company prior to joining Merrill Lynch in 1983, where he was an executive vice president for the rest of his career. Terry served as a trustee for the College of William and Mary Foundation from 1995 to 2005, working with the Investments Committee to help the College get the best possible returns on its investments.
Terry often spoke of how he was shaped by William and Mary's rigorous academics and inspiring professors. Several member of the Foundation Board asked how they could honor Terry and affirm the College's mission to help deserving students reach their full potential. Thus the Terry Glenn Scholarship Endowment was established, the income from which provides merit-based scholarships for students concentrating in economics.