Coca-Cola gives $10,000 for UHV scholarship endowment
By FROM NEWS RELEASE
Feb. 26, 2011 at 3:04 p.m.
Updated Feb. 25, 2011 at 8:26 p.m.
Coca-Cola Refreshments of Houston recently gave $10,000 to the University of Houston-Victoria for a scholarship endowment to benefit students who show leadership traits.
"Not only does scholarship funding help students reach their goals of higher education, it also shows Coca-Cola Refreshments' commitment to youth development and education," said Hector Amaya, Coca-Cola Refreshments Houston vice president of field operations. "We are especially grateful to be able to offer this opportunity to support UHV students."
Scholarship criteria for the Houston Coca-Cola Bottling Co. UHV Scholarship Endowment include:
The scholarship prospect must exhibit leadership qualities.
The applicant must be a full-time undergraduate or graduate student, or a degree-seeking student in good standing at UHV.
The student must maintain an acceptable grade-point average as determined by the UHV Office for Financial Aid.
Preference will be given to students who demonstrate a need, and remaining awards will be based on merit.
UHV Interim President Don Smith said he was grateful for Coca-Cola Refreshments' commitment as UHV experiences growth with the addition of freshmen and sophomores.
"We are thankful to Coca-Cola for setting up this endowment as it will allow us to give more scholarship aid to our students," Smith said. "Every student enrolled is committed to improving his or her lot in life through higher education, and we appreciate the company's commitment to the students and our institution."
Endowment funds are invested and disbursed after a period of time in which a return can be collected.
This new endowment scholarship will be available for students, depending on investment returns, by the spring 2012 semester.