Initiative reaches milestoneJune 23, 2011
Initiative reaches milestone
Two recent, substantial gifts have helped propel Baylor past the one-quarter mark toward its goal of $100 million for the President's Scholarship Initiative.
Through the end of May, Baylor supporters have helped raise $29 million toward the President's Scholarship Initiative nine months into the three-year campaign. Of the 4,800 donors to pitch in, more than 1,100 were first-time donors to the university, proving that the Baylor family shares President Ken Starr's concern that a Baylor education remain within the reach of its students.
On June 1, Baylor announced a $1 million gift that will provide additional scholarship support for Hankamer School of Business students. Consisting of combined funds from the estate of recently deceased alumna and former faculty member Sadie Jo Black, BS '50, and from the family testamentary trust of her brother, W. Dial "Dub" Black Jr., BBA '46, the contribution is the latest in a long tradition of generous giving to Baylor by Black and members of her family.
Over the years, as family members passed away, Sadie Jo Black established numerous endowed scholarships in their memory in various disciplines across the university.
The recent provision will continue the family's legacy in scholarships, as it will further fund the W. Dial (Dub) Black Jr. Endowed Scholarship Fund in Business -- established in memory of her brother, a Hankamer School of Business graduate, and made possible, in part, through the testamentary trust he preserved to take care of his loved ones until their passing.
A portion of the gift also will contribute toward the creation of a fund to provide an annual senior recognition event for scholarship recipients: the W. Dial (Dub) Black Jr. Hankamer School of Business Senior Recognition Banquet.
On April 28, Baylor announced a generous commitment from the Callaway Foundation, benefiting students in the Hankamer School of Business and increasing the existing Callaway Foundation Endowed Scholars Fund to $1 million.
J.L. Callaway was an executive for McLane Company Inc. in Temple, Texas, for more than 57 years. Providing the inspirational leadership that bridged the gap between Robert McLane and his son, Drayton McLane, J.L.'s hard work, Christian values and integrity built the value system that created McLane Company's operating principles -- helping the company become the leading convenience store and restaurant distributor in the United States.
In 2002, not long before they passed away, J.L. and his wife, Bonnelle, formed the Callaway Foundation in hopes of helping students from C.H. Yoe High School in Cameron, Texas, attend college and realize their dreams. Creating an endowed scholarship to Baylor was the first act of the foundation. The current gift is one of several generous contributions made to Baylor on behalf of the foundation.
Every graduating senior from C.H. Yoe High School who applies for a scholarship receives one to the college of his or her choice, courtesy of the Callaway Foundation, from $750 up to full tuition. The Callaway Foundation Endowed Scholars Fund at Baylor provides support to a student enrolled in the Hankamer School of Business. And with the recent commitment, the fund will be able to support more students, making the Baylor experience more accessible to those high school students who are working diligently but lack resources.
To find out more about The President's Scholarship Initiative or to make your gift to endowed scholarships, visit www.baylor.edu/extraordinarystories or contact University Development at 254-710-2561. Every gift, no matter the size, is important to the Scholarship Initiative.