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.