Western Carolina University is creating a new endowed scholarship initiative designed to provide financial support to underserved students who exhibit leadership qualities and who come from diverse populations, thanks to a gift of $150,000 from Wells Fargo.
Announcement of the Wells Fargo Diversity and Leadership Scholars Program came Friday, June 5, at the Wells Fargo Business Center in WCU’s College of Business.
Proceeds from the endowment will be used to provide annual assistance to a minimum of three students at Western Carolina. Preference will be given to low-income students from diverse backgrounds who are the first generation in their families to attend college.
“This new scholarship program will help underserved and underrepresented students to complete their studies at Western Carolina University and move into leadership positions, to lead productive lives and to leave a positive impact on the communities in which they live,” WCU Chancellor David O. Belcher said.
“The creation of additional endowed scholarship funds to provide financial support to deserving students is our university’s top philanthropic priority,” Belcher said. “We are pleased that Wells Fargo once again is demonstrating its commitment to being a key partner in the education and development of WCU students who will graduate with the skills and competencies necessary to make a significant and immediate contribution to our regional and state economy.”
Recipients of Wells Fargo Diversity and Leadership Scholarships must have completed freshman year requirements with no sanctions in place and must demonstrate characteristics of outstanding leadership.
The scholarship will be aimed at students residing in one of the 48 counties comprising the Western North Carolina, Greater Charlotte and Triad regions of North Carolina, and at those majoring in programs in WCU’s College of Education and Allied Professions, College of Business or College of Health and Human Sciences.
“The success of students is a critical element in keeping our communities strong and prosperous, and Wells Fargo is committed to providing them with every possible resource to achieve long-term success,” said Jim Wood, Wells Fargo’s WNC business banking manager. “Today’s young people are tomorrow’s business owners, leaders and teachers, and we are proud to support our partners at WCU in their efforts to provide scholarships to underserved students.”
The gift for the new scholarship program represents the latest example of a long-standing partnership between Western Carolina and Wells Fargo.
In 2011, WCU named the newly refurbished auditorium in the Forsyth Building, home to the College of Business, as the Wells Fargo Business Center in recognition of contributions totaling $150,000. The funds helped equip and furnish the renovated center, and provide scholarship assistance to students in the College of Business and financial support for faculty development efforts within the college.
In previous years, Wells Fargo provided support for the Professional Sales Center in the College of Business, graduate research activities, programming in the John W. Bardo Fine and Performing Arts Center, and celebration of the College of Education and Allied Professions’ receipt of the 2007 Christa McAuliffe Excellence in Teacher Education Award presented by the American Association of State Colleges and Universities.
“Wells Fargo fully believes that supporting education is one of the most important investments we can make in our country’s future,” said Rusty Edwards, area business banking manager for Wells Fargo’s Triad and WNC regions. “We are honored to work together with educational organizations like WCU to help create a competitive workforce and a sustainable economy for generations to come.”
Frank Lockwood, WCU associate professor of entrepreneurship and innovation, provided data and research about underserved and underrepresented students that were used in the university’s proposal submitted to Wells Fargo in support of the most recent gift.