Declaration of Gift and Guidelines

DECLARATION OF GIFT AND GUIDELINES FOR THE SAM and BONNIE McNEELY STUDY ABROAD SCHOLARSHIP

HISTORY

The Sam and Bonnie McNeely Study Abroad Scholarship was established through a generous gift from Mr. Sam McNeely and Dr. Bonnie McNeely.

The McNeelys have been faculty members of the College of Business and Public Affairs at Murray State University since 1987. Sam received his B.S. degree in Biology from Davidson College in 1970 and his M.B.A. degree from Murray State University in 1978. In addition, he has completed further Ph.D.-level course work in marketing at the University of South Carolina. Bonnie received her B.S. degree in Home Economics from the University of Kentucky in 1972, her M.S. in Human Development and Family Relations from UK in 1974, her M.B.A. from Murray State University in 1980, and her Ph.D. in Management from the University of South Carolina in 1991.

In 1968, as a 19-year old undergraduate at Davidson College, Sam first experienced the many benefits of a student study abroad program while studying German at a Goethe Institute near Munich. This early appreciation of other countries and cultures has guided his life-long pursuit of international travel. Over the years, the McNeelys have visited nearly 35 countries with almost 20 pleasure and professional trips to Europe and other trips to Central and South America, Asia, and Africa.

While at MSU, the McNeelys have been very active in international programs. They have taught together in the Semester in Regensburg program (1994, 2000), Kentucky Institute for International Studies’ Bregenz, Austria program (1999), and Cooperative Center for Study Abroad (CCSA) program in London (2002). In addition, Bonnie has taught a graduate class in the Cyprus M.B.A. program (2005).

Sam is currently the MSU Representative for the International Business Seminars (IBS) program. IBS is a unique program designed especially for business students who visit the major business and cultural centers of Europe, observe first-hand the practices of multi-national corporations while interacting with high-level executives and touring the facilities. Both the McNeelys have served as Faculty Leaders on several of the IBS Winter and Summer seminars. In addition, Sam has served on several international committees at MSU.

Whereas Sam and Bonnie McNeely wish to assist MSU students in obtaining a study abroad experience and have made a generous donation to the Murray State University Foundation to establish an endowment for that purpose. Declaration of Gift and Guidelines for the Sam & Bonnie McNeely Study Abroad Scholarship Page 2

Whereas Murray State University and the Murray State University Foundation wish to assist them in this gracious and noteworthy endeavor and do hereby establish the following guidelines for the operations of the Sam and Bonnie McNeely Study Abroad Scholarship in accordance with the wishes of the donors.

GUIDELINES

1. The scholarship shall be known as the “Sam and Bonnie McNeely Study Abroad Scholarship.”

2. Recipients of the scholarship shall be full-time students at Murray State University. Preference will be given to (1) students in the Department of Management, Marketing, and Business Administration (or its successor program) pursuing areas/majors in Management, Marketing, International Business, or Business Administration; (2) students participating in the International Business Seminars program; and (3) students with a demonstrated financial need.

3. Recipients shall have and maintain a 2.75 GPA in their major as well as an overall 2.75 GPA.

4. Recipients shall be selected by the MSU Foundation Scholarship Committee based upon recommendations of the McNeelys as long as they wish to make the selection. Thereafter, recommendations will be made by two faculty members from the Department of Management, Marketing, and Business Administration after the McNeelys cease to participate.

5. The award(s) each year is to be payable for the time the recipient(s) studies abroad, usually during Christmas break Study Abroad Winter Program. Recipient(s) may also apply for the Study Abroad Summer Program as well. The actual amount and number of awards may vary based on growth in the scholarship fund and available interest earnings. Awards of $1,000 each year will be available immediately upon establishment of the scholarship. Any funds not awarded may be added to the principal to assist with the growth of the fund.

6. The deadline for application to be considered for the IBS Winter seminars shall be October 15th. The deadline for application to be considered for the IBS Summer seminars shall be March 15th.

7. The Murray State University Foundation shall serve as administrator of all monies and securities of the scholarship fund and shall invest monies in a safe and prudent manner. The principal will not be invaded to make awards. Donors may make additional contributions at any time and designate them specifically for annual awards.

8. An endowment income spending cap policy will be applied by the Murray State University Foundation. Earnings in excess of the spending cap will be used to ensure long-term growth and purchasing power for the fund. Such policy will be monitored by the Investment Committee of this Foundation and may be amended in accordance with market conditions. Declaration of Gift and Guidelines for the Sam & Bonnie McNeely Study Abroad Scholarship Page 3

9. Changes to these guidelines may be made by the signatory with the approval of the MSU Foundation Board or its designee only under extraordinary circumstances.

Department of Management, Marketing and Business Administration

SAM and BONNIE MCNEELY STUDY ABROAD SCHOLARSHIP APPLICATION

Deadlines: October 15th for Winter Programs and March 15th for Summer Programs Return to: Department of Management, Marketing, and Business Administration, BB451 ______Please type or print neatly in blue or black ink.

Name: ______

Major or Area: ______

Classification (junior, senior, etc.) ______GPA: ______

Local Address: ______Last 4 Digits of SS#: _____

Permanent Address: ______

Phone Number: ______Local Permanent Email Address: ______

Term for which you are applying: Winter ______Summer ______Year Year Which program are you participating in? ______

Have you been officially accepted to the program? ______

List all scholarships and other sources of financial aid (with amounts) you are currently receiving: ______

“I, ______, assert that all information provided for my consideration is complete and accurate to the best of my knowledge. I understand that the MSU Foundation Scholarship Committee has the right to withdraw my scholarship at any time if it is determined that I have falsified any of the information provided.

______Student Signature Date Declaration of Gift and Guidelines for the Sam & Bonnie McNeely Study Abroad Scholarship Page 4

In addition to this application, all applicants are required to submit an essay no longer than two typed pages (double-spaced) that addresses either one (not both) of the following issues:

1. How do you anticipate study in the program you have chosen affecting your life and career? 2. What barriers have you overcome in your quest to study abroad? Why is study abroad worth the challenge to overcome these barriers?