Reflections Magazine Issue #62 - Winter 2005 | Page 5

Jack Bologna is the embodiment of the cliché “a gentleman and scholar.” That’s according to his long-time colleague, Bill Blackerby, Coordinator of Business Education at Siena Heights University. Award Established In Honor of Retired SHU Faculty Member, Jack Bologna Scholarships – Leaving a Legacy This year, we will provide more than $3,557,000 in financial aid funds to current students. With 91% of our students eligible for financial aid, scholarships are of vital importance at Siena Heights University. We are very grateful for the many individuals and businesses that have supported Siena through scholarships this year. Each year, we hold a Scholarship Luncheon to honor the donors and offer the opportunity for scholarship recipients to meet the scholarship providers. This year’s luncheon will be held on February 5th, 2005. Whether you want to make your own personal mark or honor someone else, creating a scholarship is a great way to do so! This year, we’ve been pleased to offer several new scholarships honoring a living legacy or the memory of some of Siena’s well-known faculty members and alumni. Scholarships can be funded with a one-time gift, or an annual scholarship given every year. Another option for leaving a perpetual legacy is to create an endowed scholarship. An endowed scholarship requires a minimum gift of $10,000. Every year, the interest that is earned from the investment of the principal will be awarded to a selected student, while the principal amount will remain untouched. An example of a newly created endowed scholarship is in honor of Sister Therese Craig, OP, a longtime faculty member at Siena Heights. The lead donor, Lee Benish, a 1972 graduate, has welcomed others to contribute to this endowed scholarship as a way to honor the living legacy of Sister Therese. As with the Sister Therese Craig Scholarship, endowed scholarships may be funded by individual contributors or may be created by pooling contributions from several individuals. Members of our Advancement staff will be happy to assist you and answer any questions you may have in this regard. The Advancement Department office can be reached at (800) 693-0506 or (517) 264-7140. Recently, the university was given an anonymous g