25 Apr 2008 News in the 501 – Conway Corp. to provide scholarships
Conway Corporation’s board of directors approved the establishment of permanent scholarship endowments at the University of Central Arkansas , Hendrix College and Central Baptist College during its April 15 meeting, according to Board Chairman Tom Courtway.
“We are continuing a long tradition in our support of higher education in Conway ,” said Courtway.
“We will utilize $600,000 to be paid $200,000 per year for three years,” said Courtway. “The endowments will be funded from a portion of the earnings on the electric department reserve funds, and scholarships awarded to students who graduate from high schools in the City of Conway or, if home schooled, resided in Conway Corporation’s service area.”
“This is an investment in people,” said CEO Richard Arnold. “Conway Corporation has its foundation in supporting higher education in our community, and we are proud to build on that foundation with this investment in human capital,” he added.