The power of endowment

The Alvin A. and Hattie Mae Bush Scholarship Fund, created by Mr. and Mrs. Bush in 1970 with an initial gift of $100,000, honors the career of accounting the couple enjoyed together for many years.  Significant in my ways, most notably as the first fund of the Amarillo Area Foundation, this fund seamlessly created a legacy for future accountants in the Texas Panhandle.  In the original press release, Mr. Bush said, “It has long been our desire to give financial assistance to area students that exhibit potential expertise in accounting.” Since this first scholarship was established, the Amarillo Area Foundation has grown their scholarship program exponentially, awarding over $1,000,000 in scholarships annually.    

The Bush scholarship has awarded $514,000 in scholarships since its inception.  By endowing the fund, the Bush’s guaranteed that the scholarship will be awarded in perpetuity and students that “exhibit potential expertise in accounting” will be ensured opportunities for secondary education.  

Though Mr. and Mrs. Bush both passed away in 1982, the scholarship continues their legacy for future generations of accounting professionals. That’s the power of endowment.   

 If you’re interested in setting up your legacy, contact our development team:  amy@aaf-hf.org, 806.376.4521  

 

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