$3 Million Endowment has Immediate Benefit for
College of Business Students
Last December the MSU College of Business received a $3 million gift, which it used to establish an endowment that will fund a new center for undergraduate business studies."The Gary K. Bracken Endowment for Excellence in Undergraduate Business Education represents the next level of achievement for the accredited and highly successful undergraduate program in the College of Business," said Rich Semenik, dean of the college.
These students are the first to receive the Bracken International Study Fellowships. Each student will further her international knowledge by studying in a foreign country. Pictured (L to R) are Anna L. Dallner, who will study in Australia, Andrea M. LaBore, who will study in Costa Rica, faculty presenter Susan Dana and Danielle S. Smith, who will study in Mexico.
Gary K. Bracken, a 1961 graduate of the college, was a former Sidney resident and a longtime friend and supporter of the College of Business. He passed away in April of 2001.
Semenik said the endowment ensures a lasting impact for the College of Business student programs. "The gift will not only impact today's students and faculty, but also will continue to serve students' needs for generations to come."
Bracken was known as a visionary with respect to the college's efforts to emphasize undergraduate education, excellence in teaching and strong faculty supported learning experiences for students.
"Gary shared our vision of creating a nationally recognized undergraduate business program here at MSU," Semenik added. "This gift from his friends and family allows us to build on the exceptionally strong features of our undergraduate program and create a truly extraordinary undergraduate learning experience."
"We can now add executive mentoring programs, new scholarships, travel abroad fellowships and career counseling services to the outstanding programs we already have in place."
"One of the things we are most excited about with respect to this gift is that since we have no old bills to pay or deficits to cover, every dollar will be going into student programs," Semenik said. "We are proud of our position as the premier undergraduate business program in Montana. This sort of funding allows us to build on that strength."
After Bracken graduated from MSU with a degree in accounting, he worked for the accounting firm of KPMG in Billings. Later he joined a small start-up company and subsequently retired as executive vice president and controller of one of the largest cable media companies in the United States.
"Gary is an example of what MSU and the College of Business is all about," Semenik said. "He came from a small town in rural Montana and received a great education that prepared him for a future in accounting and business. The community and MSU had a positive impact on his life that he never forgot." Bracken had a longtime relationship with the College of Business and was a member of the college's national board of advisors. Through his family and friends, he was able to give back to the institution that prepared him for a successful future.
The gift had an immediate impact on several business students. At the April 23 scholarship banquet, three students received the Bracken International Study Fellowship and six were awarded the Bracken Student Scholar scholarship.
This fall, two more students will be given the Bracken Student Scholar scholarship. An example of how one student used her fellowship is Andrea LaBore, Sr. of Bismarck, N.D. Labore is studying this summer in Costa Rica. She had a month of intensive Spanish courses at Conversa, a language school in the greater San Jose area in Costa Rica. She earned six college credits to complete the MSU Spanish non-teaching minor. While in Costa Rica, she will also do research for her honors thesis for the MSU Honors Program. She plans to interview professors at several of Costa Rica's universities and gather information on the political, cultural and economic history of the country.
"I am hoping to create and conduct a survey in order to gather information directly from those who have spent several years here participating in the culture, politics and certainly the economy. This will help me get a better perspective on how the dramatic changes over the course of the past decade have indeed affected the people of this amazing country," LaBore wrote from Costa Rica.
The gift was announced to the public at a special ceremony held at Reid Hall on April 24. Members of the Bracken family attended the scholarship banquet and the special event and were able to see firsthand how the gift will have a long lasting benefit to students and faculty as well as celebrate the occasion in a festive ceremony.
One million dollars of the gift is for new endowed scholarships, adding to the growing total of the Putting Students First Scholarship Campaign (see Campaign update).
For more information about the Montana State University Foundation, visit their website at www.montana.edu/foundation