Vern and Joan Herbel establish K-State Family Scholarship match funds for Kansas State University students in the College of Business Administration
Vern and Joan Herbel, of McKinney, Texas, have given a gift to establish the Herbel Family Business Administration Scholarship, creating 15 scholarship match opportunities in the College of Business Administration.
What began as a $650,000 gift received a year ago launched the K-State Family Scholarship Program, and became a $6 million-and-growing investment in K-State students. Loyal and generous donors like the Herbels created matching opportunities for new donors to establish their first endowed gift to the university. Already, 90 students have received these K-State Family Scholarships and new donors can help even more talented and deserving K-State students afford their education.
The Herbel Family Business Administration Scholarship will be used to match at least 15 new gifts for student scholarships. New gifts of $30,000 will be matched with $30,000 from the Herbels’ gift. $10,000 will go into an expendable scholarship fund, making $2,000 scholarships immediately available to students for up to five years. The remaining $50,000 will go into the endowment, ensuring future generations of Wildcats will receive scholarships as well.
Vern Herbel graduated from Kansas State University in 1979 with a degree in accounting from the College of Business Administration. Joan Herbel is a 1978 graduate of the College of Human Ecology with a degree in clothing and textiles. They both serve on the KSU Foundation Board of Trustees.
“Kansas State has been so instrumental in our success, and we wanted future K-State students to enjoy a similar experience,” Vern said. “Assisting students to be in the College of Business is our legacy of giving back to the university that gave us such fond memories and so positively impacted us.”
“Vern and Joan Herbel’s gift will allow us to recruit and retain the most outstanding accounting and business students,” said Kevin Gwinner, Edgerley Family Dean of the College of Business Administration. “Making college affordable and accessible is key for K-State and our college. The Herbels’ generosity creates the opportunity for fifteen more donors to help make a difference in the life of a deserving student.”
If you are interested in participating in the K-State Family Scholarship Program, visit www.ksufoundation.org/family for more information or contact John Morris, senior vice president of development, at 785-775-2007.
As Kansas State University’s strategic partner for philanthropy, the KSU Foundation inspires and guides philanthropy toward university priorities to boldly advance K-State family. The foundation is leading Innovation and Inspiration: The Campaign for Kansas State University to raise $1.4 billion for student success, faculty development, facility enhancement and programmatic success. Visit www.ksufoundation.org for more information.