11/8/12 ASHLAND, Ohio – The J.M. Smucker Company, based in Orrville, Ohio, has contributed $50,000 to establish an endowed scholarship at Ashland University.
The endowed scholarship was established by a gift from The J.M. Smucker Company, as well as a group of Ashland University alumni who are employed at The J.M. Smucker Company.
According to Maribeth Burns Badertscher, vice president of corporate communications at The J.M. Smucker Company and a 1988 graduate of Ashland University, The J.M. Smucker Endowed Scholarship will be based on financial need and awarded to junior and senior students who are studying in the Dauch College of Business and Economics at Ashland University. The undergraduate students must maintain a minimum grade point average of 3.0.
Badertscher said there are a number of reasons that The J.M. Smucker Company is endowing the scholarship at Ashland University.
“We have several graduates from Ashland University, from both its undergraduate and graduate programs, and we have a very strong relationship with Ashland as part of our internship program providing us with high quality interns, which is the best way to find new future employees,” Badertscher said. “The company’s primary area of charitable giving targets education initiatives and this scholarship further demonstrates our commitment to higher education.”
Ashland University President Dr. Fred Finks expressed gratitude for the gift.
“We appreciate the continuing support of The J.M. Smucker Company for scholarships,” Finks said. “This commitment will allow many students who plan to enter degree programs within our Dauch College of Business and Economics to benefit from an Ashland education.”
Ashland University Endowed Scholarships, which begin at $25,000, help to provide deserving students of modest means with an Ashland education, and enrich the Ashland experience by ensuring a diverse student body. In order to encourage students of superior ability to attend, the University also awards merit scholarships based on achievement, academic scholarship and leadership potential. Nearly 500 named endowed scholarships have been established since 1980.
When a gift is endowed, the initial principal is invested and awards are made from the annual earnings. This provides a level of current support, while providing a reliable source of funds for the future.
Ashland University, ranked in the top 200 colleges and universities in U.S. News and World Report’s National Universities category for 2013, is a mid-sized, private university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University (www.ashland.edu) values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students.