Martin Scholarship Program Established
Thursday, July 01, 2010
The Frank K. and Marsha Martin Scholars Program in the School of Business and Economics at Indiana University South Bend has been established with a fund created by Elkhart businessman Frank K. Martin. Martin is senior partner at Martin Capital Management, a firm he created in 1991. He has 42 years of investment experience.
Dean Rob Ducoffe of the School of Business and Economics said Martin will manage the $250,000 scholarship fund and will guarantee minimum earnings for seven years. The scholarships will be paid out of the interest earned and the program will be maintained in perpetuity.
The Scholars Program will have three objectives. It will award in-state scholarships to academically distinguished students with leadership abilities who need financial assistance and intend to major in business or economics. Secondly, students will enroll in the campus Honors Program to ensure the richest possible educational experience. And finally, each student will be teamed with an internal and an external mentor who will encourage success both within college and in their career plans..
Students will need a high school GPA of 3.5, ranking in the 10 top percent of their graduating class, combined reading and math scores on the SAT of 1,200 or 26 on the ACT. Financial need will be based on information supplied on the Free Application for Federal Student Aid (FAFSA)
Leadership potential will be based on personal interviews with a representative from the School of Business and Economics.
The scholarships will be awarded this fall. The details on the number and the amount of the awards have yet to be determined. The School of Business and Economics will have $12,500 available for the for first year.
Interested students should contact Pamela Zarazee, lecturer in human resources management, at (574) 520-4310 or firstname.lastname@example.org/.Martin has a history of developing programs and assistance for underprivileged children. He created DreamWorks, an Elkhart-based mentoring and scholarship program for inner-city children. The program was honored in 2008 with a Community Leadership Award presented by the Invest in Others Foundation and Investment News.
Martin graduated from Northwestern University in 1964 with a major in investment management. He earned an MBA, with honors, including membership in Beta Gamma Sigma, the honor society of collegiate schools of business, from Indiana University South Bend in 1978.
Ducoffe said how fitting it is that someone who values learning as highly as Frank Martin established a scholarship program for students who will make the absolute most out of a university education.