« back to 2002 | Back to NCAA News Archive Index
|
Miscellaneous: Colorado State University has announced a new athletics corporate partnership with Washington's Bar and Grill, a Fort Collins restaurant, that includes promotions and advertising, and initiates an endowed scholarship. "The partnership with Washington's truly represents an outstanding corporate model for our department because of the many areas it encompasses. Most importantly, it will provide scholarship support for our student-athletes," said Colorado State Director of Athletics Jeffrey Hathaway. Hathaway said restaurant owner Kimo Sterling has earmarked an endowed scholarship gift in support of the men's and women's golf programs at the school. In establishing an endowed scholarship, a donor pledges a minimum $25,000 gift, to be paid over a five-year period. The university then invests that donation with a portion of the fund's value providing scholarship support. The endowment is in perpetuity, thus providing an annual stream of funding to be used for scholarship support. Colorado State also has announced that two university graduates who met while attending school in Fort Collins have established one of the largest endowed scholarships in Rams' athletics department history. Lew and Jean Nelson announced a $200,000 endowed scholarship. Lew Nelson played baseball at Colorado A&M beginning in 1940, then served for five years in the military before returning to school, where he earned a degree in civil engineering in 1949 and was a baseball letter-winner. Jean, meanwhile, earned her bachelor's degree in 1943.
-- Compiled by Gary T. Brown
© 2010 The National Collegiate Athletic Association
Terms and Conditions | Privacy Policy