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GAR Foundation Awards OWU $1 Million for Corns Scholars

September 1, 2000

DELAWARE, OHIO -- Becoming a business leader or an entrepreneur in today's world requires a strong foundation of knowledge, skills and practical experience, as the former President of the Akron-based Roadway Express, Richard W. Corns knew so well. In his career with Roadway Express, Inc., Mr. Corns contributed significantly to the early growth and success of the company. Galen Roush, the cofounder of Roadway Express, and his wife, Ruth Roush, created the foundation now known as the GAR Foundation.

It was to commemorate Mr. Corns and to recognize that he helped create the resources which made the foundation possible, that GAR granted $1 million as an endowment for the Richard W. Corns Business and Entrepreneurial Scholars Program. Stated simply, the program's mission is to "encourage and nurture the business and entrepreneurial ambitions of OWU students."

Students can apply at the end of their sophomore year to be Corns Business and Entrepreneurial Scholars. The primary criteria for acceptance into this program include: a minimum grade point average of 3.3 (4.0 scale); involvement in and leadership of campus or community service organizations; and relevant work or entrepreneurial experience that suggests substantial potential for future business or entrepreneurial achievement.

Those students who are selected as program scholars need to have taken or plan to enroll in OWU courses including: Sales and Marketing Management; Entrepreneurship; Financial Accounting; Financial Management; Senior Seminar; and Senior Research Project (Independent Study).

In addition, each Corns Business and Entrepreneurial Scholar will participate in two pre-approved internships, the Burton Morgan Student Paper Competition on Entrepreneurship (during the junior and senior years, students will prepare preliminary research on an entrepreneurial topic of their choice as well as a proposal outlining additional research ideas for the competition), and will conduct a senior research project as an independent study for academic credit during the senior year.

Selected students are eligible to continue as program scholars for two years at OWU, as long as they maintain a grade point average of 3.3 or above, and they are progressing satisfactorily in completing program requirements. A $5,000 scholarship will be awarded each year that a student is in the program, with approximately $50,000 made available annually to fund 10 scholarship awards. The first round of scholarship awards will be given to students for the Fall 2001 semester.