Cal­i­for­ni­ans give $50,000 to set up UA schol­ar­ship

Northwest Arkansas Democrat-Gazette - - NORTHWEST ARKANSAS -

FAYET­TEVILLE — A Cal­i­for­nia cou­ple’s $50,000 gift to the Uni­ver­sity of Arkansas, Fayet­teville will cre­ate a stu­dent schol­ar­ship.

The J. Stephen and Kathryn L. Lauck Ad­vance Arkansas En­dowed Schol­ar­ship will sup­port stu­dents from Arkansas, with pref­er­ence in the awards for stu­dents who are the first in their fam­i­lies to pur­sue a bach­e­lor’s de­gree.

“Stu­dents of­ten drop out be­cause they can’t af­ford it. These schol­ar­ships are for the strong stu­dents who work hard and are of­ten work­ing their way through col­lege — like I did,” Stephen Lauck said in a state­ment.

He and his wife live in Ross, Calif., and he pre­vi­ously has been hon­ored as an en­tre­pre­neur by UA’s busi­ness col­lege.

Stephen Lauck, orig­i­nally from North Lit­tle Rock, earned a bach­e­lor’s de­gree from UA. In 1984, he bought a stake in Ash­field Cap­i­tal Part­ners, an in­vest­ment man­age­ment busi­ness where he served as pres­i­dent and chief ex­ec­u­tive of­fi­cer for 25 years, ac­cord­ing to the uni­ver­sity. He now serves as chair­man of the board and port­fo­lio man­ager for the San Fran­cisco-based com­pany.

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