New Minority Scholarship at Business School of Indiana University

The Kelley School of Business at Indiana University received a $15 million donation from William R. Fry, a retired banker and investment entrepreneur who also owned a network of radio stations. The money will be used to create an endowment that will provide scholarships for underrepresented minority students. Initially five to 10 students will be accepted into the Fry Scholars Program. But eventually 80 or more students will be receiving Fry Scholarships each year.

Edwin C. Marshall, vice president for diversity, equity, and multicultural affairs at Indiana University, stated in announcing the scholarship program, “To be fully competitive in today’s and tomorrow’s environments, Indiana University and the Kelley School must be able to attract and educate a student body that reflects the diverse culture of our global society. Mr. Fry’s generosity will help make this a reality.”