22 Jan 2024 Central Baptist College announces million-dollar scholarship

Central Baptist College President Terry Kimbrow has announced the establishment of the East North Street Foundation Scholarship. The scholarship was established by David Hendrix and Douglas Hendrix. Priority in awarding the East North Street Foundation Scholarship will be given to a student who furthers the college’s mission. 

“This is the largest scholarship donation in the history of CBC,” CBC President Terry Kimbrow said. “I am humbled that the Foundation has chosen to make such a significant impact in the lives of our students.”

David Hendrix,p President of East North Street Foundation said, “We think CBC is a great choice for our first gifts as a foundation. It really reflects our mission statement, which is to spread God’s word.”  

The East North Street Foundation was formed in 2023 by the Hendrix family and is named after the street on which David and Doug grew up in Benton. It was created with the purposes of, among other things, helping those in the community who are in need and spreading the gospel of Jesus Christ to all who will listen.  The Hendrix family feels strongly that CBC also seeks to fulfill those same purposes and is excited to see how it continues to work to educate its students on Christian values and principles. 

The scholarship total will be fulfilled over four years and the first $250,000 was satisfied on Dec. 23, 2023. The remaining payments will be given annually on June 1, 2024, 2025 and 2026. 

According to the scholarship agreement, “The scholarship amounts shall be determined by taking into consideration both the Student Aid Index (SAI) and the student’s complete aid package. The SAI is assigned to the student by the U.S. Department of Education based on the information submitted on their Free Application for Federal Student Aid (FAFSA) and is used to determine their need and Pell grant eligibility.”

“Of the nearly 100 endowed and cash scholarships open to our students, the East North Street Foundation Scholarship is unique,” commented Kimbrow. The scholarship awards are intended to close any gap between a student’s financial aid package and billed tuition (plus room and board, if applicable). “This will no doubt be a game changer for many prospective students” Kimbrow said.

All scholarships are awarded by vote of the CBC Scholarship Committee, taking into account the qualifications and eligibility of the applicants, as detailed in each scholarship agreement. All full-time, degree-seeking students will be considered.

CBC is a four-year, private liberal arts college located in Conway that was founded by the Baptist Missionary Association of Arkansas. Since its inception, the college has been committed to transforming lives through education that integrates Christian faith and academic excellence in a Christ-centered environment. CBC offers over 40 baccalaureate degree programs. For information about CBC, visit cbc.edu or call 501.329.6873.