School of Industrial Engineering and Management 
College of Engineering, Architecture and Technology,  Oklahoma State University
Endowment Goal Update #5
Kent and Sheryl Powers



Sheryl and I believe one of the most gratifying things to do in life is to give other people the opportunity to better themselves and see them succeed. Giving opportunities can be provided in a variety of ways, depending on your objective. However, when we discussed the importance of a good education and the launchpad it provides for one's career and contribution to society, it became clear to us that this would be our motivation for establishing an IEM endowed scholarship at OSU. This motivation was even more personal for me, having been raised in a middle-class family and the fortunate recipient of a scholarship in 1974-1976.   

An endowed scholarship enables a donor to establish a permanent source of financial assistance, under the OSU Foundation Endowment Guidelines. The process begins with the signing of a pledge form that addresses the details of the financial commitment and how it will be fulfilled. It is important to note that the total pledge does not have to be paid upfront. It can be spread out over 5 years, if you need flexibility. When contemplating an amount to pledge, you may want to look at the cost of tuition & fees, room & board, and books and supplies, to guide your thoughts. Keep in mind that the endowment spending policy assumes a distribution of 4.25%/yr., based on a minimum donation of $25,000. The next step in the process is to sign an endowment agreement. This document allows the donor to specify how the fund is to be used, such as, if you want to earmark your scholarship for a specific need or stipulate certain qualification criteria. We found the person at the OSU Foundation to be very helpful in assisting us along the way, which made it a wonderful experience.   

For us, the reward for making this kind of financial commitment came when we learned of the recipient of our scholarship. This not only personalized our commitment, but allowed us the opportunity to monitor the student's progress. We recently received a thank you letter from our scholarship recipient, which we felt compelled to share, that reinforces our motivation for participating and makes our contribution so worthwhile. 

Dear Donor,
Thank you very much for the opportunities you have provided me. Your support is both encouraging and inspiring. I remember the first time I stepped onto the Oklahoma State University campus two years ago; the Georgian architecture, the Edmon Low Library, and the open atmosphere of the grounds instantly drew me in.

I am constantly reminded that if it weren't for the generosity of others, I would not be able to graduate college debt-free. I have been working hard throughout my academic life and it is rewarding to be recognized for my dedication and persistence. I am maintaining a 4.0 GPA, working as a Digital Services Assistant in the Edmon Low Library, and acting as the vice president of the Institute of Industrial and Systems Engineers.
I'm halfway through my bachelor's degree and I can feel the momentum building. I enjoyed our CEAT Scholar trip to Washington, D.C., this past summer and can't wait to travel outside of the United States next year. These are experiences I will cherish and remember for years to come. I will continue to send my thanks throughout my junior and senior years and keep you posted.

Best Regards,
Zechariah Schrum


With the decline in state funding for higher education, the need for scholarship money has grown. The OSU endowed scholarship program not only provides a way to give back to your alma mater, but makes a real difference in the lives of these students and their families as they pursue their dreams of a higher education. We hope this article provides some insight on how the endowed scholarship process works and inspires you to support this important program.  
Kent Powers
1976 IEM Graduate

Current and Deferred Gifts
Including current and deferred gifts, the endowment in IEM stands at $5.7 million!
Giving Opportunities
Scan the QR code below to reach our giving page from your mobile phone or tablet and donate to your alma mater online!
Benefits of an Endowment

The $20 million endowment  being sought will greatly assist IEM in its mission to develop a diverse group of professionals and leaders in industrial engineering and management.

Many alumni and friends of IEM have demonstrated their support to the School through outright gifts of cash and appreciated securities. While these gifts are important and straightforward to make, other methods of support that may not be well known but equally important for our future, exist. There are many estate planning opportunities available through the OSU Foundation that can help transform the School and have a significant impact on its current and future students.

Proper planning can help donors and their families realize the greatest benefits from their gifts to benefit the School. This involves choosing the best combination of assets and vehicles to accomplish charitable, financial, and estate planning objectives. In addition to, or in lieu of making a cash or other outright donation, such provisions may be in the form of bequests, trusts, annuities, life insurance, retirement plans, or other means.

When realized, these gifts often are larger than the donor could ever imagine at the time of their creation. It is a wonderful way in which to create an enduring legacy for the School's benefit. Working in conjunction with you and your professional advisors, the OSU Foundation can help you explore the many opportunities available to best suit your needs and goals. 

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