Sommer Hamilton '04, November 1st, 2005
More than 50 members of theÂ MBA Class of 2003Â agreed to together commit $75,000 over the next five years to provide financial assistance for an incoming MBA student. The class members, who gathered in October for a reunion, are funding part of a total $300,000 endowed fellowship.
Dean Jerry Strawser has pledged matching funds from the Dean’s Development Council to equal $150,000. A matching gift from the Heep Foundation at Texas A&M brings the endowment’s total to $300,000, to create the MBA Class of 2003 and Mays Dean’s Development Council/Heep Endowed Graduate Fellowship.
Proceeds from the gift, once fully funded, could support an incoming MBA student with $15,000 a year, Romney Stewart ’03 told his fellow graduates at the October MBA reunion. Fellowship recipients will be judged based on leadership, unique work experience, academic achievement and career aspirations, he said.
The dean’s office will oversee the growth of the scholarship.
“Collectively as a class, we decided that we were going to make a difference,” Stewart said. “And I think it’s awesome that here we are, two years later, and we’re able to do that.”
The Class of 2003 is the first class to give back to the Mays MBA program. Scholarship money helps Mays compete for the top students in the shrinking MBA-applicant pool.
The concept already speaks volumes to present and future students about supporting those who come after them, said MBA Association President Chris Comish, a member of the class of 2006. He addressed the MBA ’03 gathering this month.
“We are grateful for and inspired by your generosity,” Comish told the ’03 graduates. “I only hope our class of 2006 and future classes coming up can join with your example and support this MBA program.”