Campus: Cal Poly Pomona -- June 22, 2001

Cal Poly Pomona Hospitality Students To Benefit From New Endowed Scholarship

The Hospitality Finance and Technology Professionals (HFTP), an international society for financial and MIS professionals in the hospitality industry, has donated $25,000 to establish an endowment fund for students of the Collins School of Hospitality Management at Cal Poly Pomona.

A longtime supporter of the university and the Collins School, this marks HFTPís largest donation to the university. The inaugural scholarship will be awarded as early as fall 2001, providing financial assistance for a student completing a bachelorís degree in hospitality management. Students who apply for the scholarship will not need to show financial need. Instead, they will be chosen based on merit. They must demonstrate an interest in the hospitality management industry and have a GPA of 3.0 or higher.

The estimated scholarship award is $2,000, although it may change, said Lisa Nashua, director of development for the Collins School.

"The amount of money awarded to students will vary depending on the amount of interest built up over the course of one year," Nashua said.

HFTP has awarded scholarships to Collins School students. However, this is the first time the organization has given an endowed scholarship.

The endowment, initially established in August 2000, was matched by longtime university supporters Jim and Carol Collins as well as the Kellogg Foundation, which increased the total donation from $25,000 to $75,000.

"Iím delighted about the donation," said Don St. Hilaire, assistant professor at the Collins School. and education chair for the Los Angeles Chapter of HFTP. "Itís nice to see the largest hospitality program in Southern California be supported by a premiere organization that focuses on hospitality, finance and technology."

The HFTP Los Angeles chapter also grants $1,000 scholarships to the Collins School. These scholarships will continue in addition to the new endowment.

The Collins School, with 607 students, is one of the top six hospitality management schools in the nation. It is the original and largest program in California offering a four-year degree.

HFTP, founded in 1953, comprises accountants, financial officers and MIS managers throughout the United States who are employed in the hospitality industry. With headquarters in Austin, Texas, the international organization boasts more than 4,300 members.

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