Iowa State University

Inside Iowa State
October 9, 1998

MU Vending sends second gift to scholarship fund

by Arianna McKinney, News Service intern

Memorial Union vending manager Tom Carver presented Tom Hill, vice president for student affairs, a check for $5,000 Sept. 30. The money, a gift from the vending operation's profits, will join last year's check of $5,000 in an interest-yielding account that eventually will be used to support scholarships for minority students.

"We're trying to figure out the best way to do it. We want to create a program that will survive," Hill said.

In its bid for the Iowa State vending contract two years ago, the Memorial Union proposed making an annual contribution from the vending operation's net proceeds to a university scholarship program.

At the time, Union officials estimated that the first contribution would be about $15,000. However, start-up costs and difficulties cut into profits, said Kathy Svec, marketing coordinator for the Memorial Union.

"We are still very committed to the scholarship," Svec said. "We think it is a great way to give back to students."

Carver predicted the annual donation will increase next year. "I'd be surprised if it didn't," he said.

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