06 Jan 2025 Carlon Family Scholarship established at UACCM

The University of Arkansas Community College at Morrilton (UACCM) is honored to share that the Carlon Family Scholarship has been established as a new endowment at the college. 

The scholarship is established by Ancel Carlon, in honor of the significant impact UACCM made on his life during his time as a student. Carlon stated that the endowment was his way of “giving back.” 

The endowed scholarship will be awarded based on financial need for full-time students who meet a GPA of at least 2.5. 

UACCM Director of Marketing and Public Relations Mary Clark stated, “We are so thankful to Ancel Carlon for establishing this scholarship, and I know many students will be grateful for years to come.”

She continued, “Ancel is a great businessman and community leader who was inspired to give this gift because he received a scholarship that helped him pursue his own college degree and start the path to his successful career. As an endowment, the scholarship will continue in perpetuity, leaving a true legacy for the Carlon family.” 

Carlon presented a check in the amount of $25,000 to the UACCM Foundation. 

The minimum amount needed to establish an endowment is $5,000 and the fund must reach $25,000 within five years to become fully endowed. These funds will be invested by the Foundation and awards made from the interest earned. The principal of the fund is held intact, with a small percentage of interest reinvested in growth to equal inflation, so that scholarships are awarded in perpetuity. Because an endowed scholarship is awarded now, and for the generations to come, donors can create a legacy for themselves or a loved one. Endowed scholarships are held by the UA Foundation for one year before the first interest proceeds are available for scholarships.