Indiana's Kelley School Gets Gift for Minority Scholarships

Posted by: Louis Lavelle on November 12, 2008

By Dan Macsai

A $15 million gift to Indiana University’s Kelley School of Business by alum William R. Fry will spawn a new scholarship program for underrepresented minorities, the school announced Tuesday.

Initially, the money will fund between five and 10 scholarships; eventually, at least 80 students will receive aid. “It’s a win-win situation,” says Dan Smith, Kelley’s dean. “Deserving minorities benefit from [discounted tuition], and all students benefit from working in a more diverse environment.”

In a statement, Edwin C. Marshall, Indiana’s VP of equity and multicultural affairs, said the money will be put to good use:

To be fully competitive in today’s and tomorrow’s environments, we must be able to attract and educate a [diverse] student body. Mr. Fry’s generosity will help make this a reality.

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