Donation to USF Sarasota-Manatee will help graduate-level students
MANATEE -- A $100,000 donation to USF Sarasota-Manatee will help create scholarships for graduate-level hospitality students.
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The Betty Schoenbaum Donor Advised Fund at the Community Foundation of Sarasota County recently donated $100,000 to create the Alex and Betty Schoenbaum Scholarship Fund in the College of Hospitality and Technology Leadership.
Scholarships from this permanent fund will be available to all USFSM graduate-level students for up to two semesters based upon merit and financial need.
The fund creating the scholarship is in memory of Alex Schoenbaum, an All-American football player at Ohio State University and a businessman in the hospitality industry. Schoenbaum died in 1996 and his wife, Betty, created the fund in his honor.
Alex Schoenbaum is best remembered in business for developing the Shoney's restaurant chain.
The USF Sarasota-Manatee College of Hospitality & Technology Leadership includes core courses in finance, accounting, economics, along with internships and hands-on hotel and restaurant experience to prepare students to work at the finest tourism and hospitality companies upon graduation.
"With the growth that the University of South Florida has made since opening in Sarasota, I feel that the education received there positively impacts the entire area because we have educated students who will do well in their fields, and for whom there is great demand," said Schoenbaum in a statement.
Arthur Guilford, regional chancellor of USFSM, called Betty Schoenbaum a "great friend" and said the donation will help the school become one of the top 10 hospitality colleges in the country by 2020.
Guilford said income earned on the endowed scholarship help students through financial aid.
"It will grow over time and provide a strong basis on which to build our high-quality graduate-level student body made up of valuable industry professionals that are highly sought after by the employers of today and tomorrow."
Meghin Delaney, education reporter, can be reached at 941-745-7081. Follow her on Twitter@MeghinDelaney.