When she donated $250,000 to Mays Business School to establish the Karen N. Pape ’80 Scholarship in Accounting, Pape says she had the parents of the students in mind as much as the students.
Distributions from the endowment will be used to provide scholarships to full-time students enrolled in the Professional Program within the Mays Department of Accounting, a track that allows students to earn bachelor’s degrees in accounting as well as a master’s degree in five years.
Pape says she wanted to give back to the college that gave her so much. She says the Professional Program did not exist when she received her bachelor’s degree in accounting. “Back then, you got a four-year degree, you graduated and you went to work,” she says. “I would have enjoyed this program, but I don’t think I could have afforded another year.”
She says she can attest to the program’s quality, as she employs six graduates from the program at Genesis Energy LP in Houston, where she is senior vice president and controller.
Concern over expense prompted Pape to donate to Mays — to support the students in the program as well as their parents. “I know the struggle the students face with the program, particularly during that fifth year. And I know the parents aren’t anticipating that extra expense from the outset.”
“Karen’s generosity will have a significant impact on our students,” said Mays Dean Jerry Strawser. “The ability her gift provides to offset some of the costs associated with the required additional year of study in our Professional Program will open this opportunity to a greater number of our top students.”
About Mays Business School
Texas A&M University’s Mays Business School educates more than 5,000 undergraduate, master’s and doctoral students in accounting, finance, management, management information systems, marketing and supply chain management. Mays consistently ranks among the top public business schools in the country for its undergraduate and MBA programs, and for faculty research. Its mission is to create knowledge and develop ethical leaders for a global society.