E as in Endowment

Editor’s note: Snippets will return to its usual spot in the Tuesday edition of the Empire-Tribune next week.

OUR LOCAL university, Tarleton State, is blessed with many endowed academic scholarships.

Additional athletic scholarships are afforded to TSU athletes. The first endowed athletic scholarship was created in 2008. It was named for two of the Texans most loyal supporters — Perry and Meldeene Elliott. Only one other university in the Lone Star Conference has an endowed athletic scholarship – Abilene Christian University.

This lead me to the 19th Annual Academic Scholarship Awards Luncheon, which was recently held in the Thompson Student Center. Approximately 300 persons were in attendance. The occasion honored the academic scholarship donors and recipients.

Dr. Rick Richardson, Vice President for Institutional Advancement, pointed out that more than 600 students this fall were assisted with endowed academic scholarships. This speaks well for the university and its loyal alumni and friends.

An endowed scholarship is perpetual – it goes on forever. Only the interest generated from the invested principal is spent on scholarships. The principal is not touched. A small part of the generated interest is “plowed back” into the principal to off-set the ravages of inflation.

The loyalty of alumni and friends of Tarleton State was evident at the luncheon as many of the donors returned to the campus. The assistance from alumni and friends over the entire state has been the key factor in Tarleton State having a large endowment fund for a university its size.

At the luncheon, it was interesting to watch donors and recipients getting acquainted and conversing during this annual event.

Most the scholarships are in small endowments, and are designated to one student.

 Some are large endowments such as the C.J. (Red) Davidson Endowed Scholarship. This fall it had 139 recipients. The Joe R. and Teresa L. Long Scholarship was awarded to 61 students, while the Dick Smith Scholarship was given to 99 students.

Some scholarships are given by clubs and organizations. An example of this

is the Zonta Club, which affords three different scholarships. This fall these scholarships were awarded to five students.

Should you have questions about endowing a TSU scholarship, Dr. Richardson or his staff (254/968-9890) can supply you with the necessary information.

A father recently told me that without an academic scholarship, his son would have been unable to attend college. The student is now a junior, majoring in Computer Information Systems at Tarleton State.

Think it over – an endowed scholarship from you could be the difference in a student enrolling at Tarleton State and later obtaining a degree.

HERE ARE some numbers that might catch your attention — The Barnett Shale, a gas-rich rock formation found in Erath County and 19 other North Central Texas counties, now accounts for eight percent of U.S. natural gas production.

Texas ranks 42nd in the ratio of physicians to the population – 197 physicians per 100,000 residents. This compares to a U.S. average of 250.

’TIL NEXT TIME – “Have you had kindness shown [to you]? Pass it on. Pass it on.” – Henry Burton (1840-1930), English clergyman and writer.

Dr. Stuart Chilton, a retired educator/journalist, lives in Stephenville.