College of Business Illinois State University
Illinois State University
Jump over the College navigation bar.

Annual Department Scholarships

The Department of Accounting & Business Information Systems Awards are made annually to majors in our programs on the basis of academic performance. The awards are sponsored by a number of companies and organizations on a year-to-year basis.  Eligible students are selected as award recipients based on academic performance, including Grade Point Average (including transfer hours and transfer GPA if applicable) and grades in accounting and BIS courses.

ELIGIBILITY REQUIREMENTS

Eligibility requirements to receive a Department of Accounting & Business Information Systems Award are the following:

  • The student must be a declared accounting or BIS major as of the beginning of the Spring 2017 semester.
  • The student must have completed at least 72 credit hours as of the beginning of the Spring 2017 semester.
  • If an Accounting major the student must have completed Accounting 231 with a grade of 'A' or 'B.' If a BIS major the student must have completed a minimum of two BIS courses (excluding ACC 270) with a grade of 'A' or 'B.'
  • The student must have completed at least twelve credit hours at Illinois State University as of the beginning of the Spring 2017 semester.
  • The student must be enrolled for at least twelve credit hours at Illinois State University for the Spring 2017 semester.
  • The student has not received a Department of Accounting award in a prior year.

Sikich AwardAPPLICATION PROCESS

2017 Scholarship Applications must be submitted by 4:00 pm on Friday - March 3, 2017.

The application materials to be submitted by the student will consist of the following:


A student wishing to apply but unsure about his/her eligibility should discuss his/her situation with Dr. Ronald P Guidry (rguidry@ilstu.edu) (Accounting Awards) or Dr. Matt Nelson (mlnelso@ilstu.edu) (BIS Awards).

Accounting Scholarships

The deadline for the scholarships below is December 4.  Applications submitted after the deadline will no be considered.

Outstanding Accounting Student

For a senior majoring in Accounting with a 3.3 GPA or higher and at least 90 hours completed; $300. Candidates are nominated by faculty from the Department of Accounting each spring; the department awards committee reviews candidates' credentials and selects the recipient.

Accounting Scholarships External to Illinois State

National Society of Accountants Scholarship Foundation: The NSA Scholarship Foundation Board of Trustees awards an average of 30 scholarships per year in the amount of approximately $1,000 each for accounting students entering their third or fourth year of studies, and approximately $500 each to students entering their second year of studies. In addition, the outstanding student in the competition, designated the Charles H. Earp Memorial Scholar, receives an additional stipend and an appropriate plaque. Who can apply: students majoring in accounting with a "B" or better grade point average, students enrolled in a degree program at an accredited two-year or four-year college or university, only undergraduate students are eligible, only U.S. or Canadian citizens attending a U.S. accredited business school, college or university may apply. Applications and appraisal forms may be obtained by contacting NSA.

AICPA Student Scholarship: Competitive award of $2,500 scholarships for two outstanding AICPA student affiliate members pursuing studies in accounting, finance, or information systems. An application is available online at the AICPA website.


 The scholarships below are administered by the College of Business, not the Department of Accounting.  They are also assigned year round.

Willie Brown Endowed Scholarship Fund

This fund was established by Willie Brown, retired executive vice president at State Farm Insurance Company, a native of Bloomington, Illinois and 1973 graduate of the business administration program at Illinois State University. This scholarship was established for the purpose of providing substantial financial support for a minority student of African American experience or any non-traditional student majoring in business at Illinois State.

One $2000 award will be made on an annual basis. The award will be used for educational expenses and will be credited to the recipient/s account with Illinois State University.

Qualifications:

  • Must be enrolled as a sophomore, junior, or senior College of Business major in good standing at Illinois State University with a cumulative grade point average of 2.75/4.00 or higher
  • Be a student of African American experience or a non-traditional student of any race
  • Demonstrate a commitment to civic engagement through meaningful involvement in community service and civic activities
  • Financial need will be considered when two or more applicants have apparently equal qualifications.
  • Submit an essay focused on why he/she is interested in a professional career in business, why they selected their major, and how a scholarship will impact their academic and future life endeavors
  • Submit a current copy of their resume

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered.

Online application 

The Matt Busey Scholarship

The Matt Busey Endowed Scholarship Fund was established in 2008 by friends and relatives of Matt Busey, a 2005 graduate of the marketing and general finance programs in the College of Business at Illinois State University. 

The Matt Busey Endowed Scholarship was created for the purpose of providing support for College of Business students.  Preference will be given to applicants completing internships abroad or studying abroad. It recognizes Matt Busey, who died from injuries suffered in an accident in December 2006. Matt's family and friends established this scholarship as an everlasting tribute to his inquisitive nature, desire for excellence and passion for life.

One $1,000 award will be made on a one-year annual basis.  The award will be used for educational expenses and will be credited to the recipient's account with Illinois State University.

Qualifications:

  • Must be a student in good standing at Illinois State University
  • Must be a major in the College of Business and participating in one or more of the following activities (preference will be given to students participating in an experience abroad):
  • Study Abroad program
  • Internship Abroad
  • Sales Scholars program
  • Small Business Plan Competition sponsored by the George R. and Martha Means Center for Entrepreneurial Studies
  • Formal leadership development programs sponsored by the College of Business such as:
  • Organizational Leadership Institute's "Leadership Fellows Program"
  • Katie School of Insurance's, Student Leadership Program
  • Must have a minimum 2.75/4.0 cumulative ISU grade point average.

The deadline to apply is March 1.  All materials must be submitted online by the deadline to be considered.

Online Application

The Steven E. Bailey Memorial Scholarship Fund

The Stephen E. Bailey Memorial Scholarship Fund was established by the family of Steven E. Bailey in 1997 following his untimely death. Steven E. Bailey was a sophomore, majoring in business, when he died. He was an active member of the Sigma Tau Gamma Fraternity. 

One $800 will be made on a one-year annual basis.  Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be enrolled at Illinois State University as a major in the College of Business
  • Demonstrate an interest in business as a professional career
  • Must be a graduate of Plainfield High School or be a member of Sigma Tau Gamma Fraternity
  • Demonstrate an unmet need for financial aid

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered.

Online Application. 

The DWB Dream Maker's Endowed Scholarship Fund

The DWB Dream Maker's Endowed Scholarship Fund (initially a pledge of $20,000) was established in 2010 by Sharon Rossmark. The purpose of this scholarship is to support United States soldiers or veterans, including National Guard and Reservists, and their dependents who are majoring in business at Illinois State University. Preference will be given to entrepreneurship majors and students studying abroad in France through one of the programs offered by the International Business Institute and the Office of International Studies on the campus of Illinois State University.

Sharon established this scholarship to honor her parents, David and Willie Mae Brown. David is a veteran of WWII, serving in the European Theater and participating in D-Day on June 6, 1944 at Utah Beach. He married Mae in January of 1943 three days before being drafted in the army.
Sharon Rossmark is an independent business consultant. She consults with businesses on establishing e-commerce solutions for excess inventory. Her solutions based consulting approach is designed to increase revenue by strategically integrating existing sales/distribution systems with an online global marketing effort.

Qualifications:

A. A United States soldier or veteran, including National Guard or Reservist, or be the dependent of a soldier or veteran.

  • Qualified applicants must be majoring in business at Illinois State University.
  • Preference will be given to entrepreneurship majors and students studying abroad in France through one of the programs offered by the International Business Institute and the Office of International Studies on the campus of Illinois State University.
  • A scholarship recipient may apply for additional awards through his/her senior year if they maintain at least a 3.0 ISU GPA and show progress toward earning a degree in business - future awards will be based on the amount of available funds and quality of the candidate pool.

B. Have achieved at least a 3.0 cumulative ISU GPA

  • New freshmen must have a high school GPA of at least 3.0 on a 4.0 scale (or) have an ACT composite score of 24 or above.
  • Transfer students must have a transfer GPA of at least 3.0 on a 4.0 scale.
  • Reviewed the website related to David Brown and his service during WWII -http://www.davidbrownsdday.com.

C. Submit a minimum of two paragraphs on his/her thoughts on sacrifices that soldiers make to protect American freedom.

D. Submitted a one to two page personal statement describing the applicant's background and how the scholarship will impact his/her career goals.

E. Demonstrated a commitment to serving others through involvement in school and/or community activities.

F. Include at least one letter of recommendation.

G. While need is not to be a prime consideration, it may be a contributing factor in cases where two or more applicants have apparently equal qualifications.

H. The award is to be used for educational expenses. The award money will be credited to the recipient's account with Illinois State University.

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered.

Online Application

 

Ferengul Endowed Scholarship

This endowment was established in 2010 by Corey and Melanie Ferengul to help current business students who are actively participating in paying for school while focusing on their studies. The Ferenguls grew up in working class families in the Chicago suburbs and worked several jobs during summers, holiday breaks and on campus to finance the majority of their education.

One $1500 scholarship will be awarded to a qualified business student at Illinois State University on a one year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be enrolled as a sophomore, junior or senior College of Business major in good standing with a cumulative GPA of 3.00 or higher.
  • Demonstrate involvement in school and/or community activities and/or have substantial work history (please list the number of hours worked per week to help fund your education expenses).
  • Demonstrate an unmet need for financial aid as determined by Illinois State Financial Aid Office and/or federal regulation and/or personal circumstances


The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered. 

Online Application 

 

Edmund and Jane Dobski Endowed Scholarship

The Edmund & Jane Scholarship was established by Julie and Bob Dobski in 2010 to honor Bob's parents Edmund and Jane Dobski.  The couple used a $600 investment from Edmund's mother, Sophie Dobski, to start and then expand to a multi-location of three full service grocery stores on the northwest side of Chicago. 

Julie and Bob credit their success to the lessons learned from Jane and Edmund; i.e. provide a quality product, work hard and treat your employees fairly, all of which are fundamental lessons from a hardworking couple.  The Edmund and Jane Scholarship will ensure that these tenets continue to be taught and valued in today's business environment.

One $1000 scholarship will be awarded to a qualified business student at Illinois State University on a one year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be an incoming freshman or a current College of Business student in good standing at Illinois State University.
  • Demonstrate academic achievement, as evidenced by:
    • Incoming freshman - a cumulative high school GPA of at least 3.25 on a 4.00 scale and graduated in the upper quarter of his/her high school class and/or have a composite ACT score of 25 or higher.
    • Continuing Illinois State student - a cumulative Illinois State GPA of 3.25 or higher.
  •  Demonstrate an unmet need for financial aid as determined by Illinois State Financial Aid Office and/or federal regulation and/or personal circumstances.

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered. 

Online Application 

The Kenneth T. Sr. and Deborah A. Glover Endowed Scholarship

Kenneth and Deborah Glover graduated from Illinois State University in 1973, Kenneth with a Bachelor of Science in Business Administration and Deborah with a Bachelor of Science in Elementary Education. Over the years they've supported their belief in quality education and providing support to others, whether it be financial or volunteering their time and experience. The Glovers established this scholarship fund as a continuation of their support to education and the needs of others.

Currently this scholarship recognizes an aspiring sophomore who has positioned themselves for early success at Illinois State University and their future career. They will hold membership in at least one business student organization and have volunteered their time and energy to serve others.  They can articulate their vision of a future career and have already established goals based on that vision.  Please note, specific requirements of this scholarship are determined annually by the College of Business Dean's Office based on the recruiting and retention needs of the College.     

One $3,000 award will be made on a one-year annual basis.  Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications*:              

  • Must be a current sophomore business major in good standing at Illinois State University with a cumulative grade point average of 3.00 or higher.
  • Must be an active member in at least one College of Business registered student organization.
  • Demonstrate involvement in volunteer activities or have substantial work history

*Please note, specific requirements of this scholarship are determined annually by the College of Business Dean's Office based on the recruiting and retention needs of the College.

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered.

Online Application

The Charles Norman Dean's Scholarship

The Charlie Norman Dean's Scholarship Fund was established in 2014 in memory of Charlie Norman, a 1988 finance graduate of the College of Business. The Dean's Scholarship will be awarded annually to students majoring in business at Illinois State University. It was Charlie's wish that scholarship recipients "pay it forward" in the future when they are successful in their careers and able to make their own contributions to support the College of Business.

One $4,000 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current business major in good standing at Illinois State University with a cumulative grade point average of 3.00 or higher.
  • Qualified applicants will demonstrate academic and personal achievement.

The deadline to apply is July 15. All materials must be submitted online by the deadline to be considered.

Online Application

 

The Connie Fako Shoemake Endowed Scholarship

Connie Fako Shoemake graduated from Illinois State University with a Bachelor of Science degree in 1977 and a Master of Science degree from Northern Illinois University in 1988. Connie has held various executive and management positions in sales, marketing, business partners and technical'support throughout her thirty year career at IBM. Connie is also a member of numerous professional organizations, including the Chicago Chapter of Women in Technology and the Chicago Executive's Club. She is a former board member of the Illinois Technology Association and currently sits on the Chicago Mayor’s Council on Technology.

Connie is a current member of the Illinois State University College of Business Advisory Council and decided to establish this scholarship as a continuation of her support for education. This scholarship will help single parents, and the children of single parents pursue a business degree at Illinois State University.

One $1,200 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current sophomore, junior, or senior college of business major in good standing at Illinois State University.
  • Preference will be given to single parents and the children of single parents

The deadline to apply is July 15. All materials must be submitted online by the deadline to be considered.

Online Application

 

The Lois Violet Hobart Endowed Scholarship

Lois Violet Hazard Hobart was born November 30, 1918 in Leaf River, Illinois, the daughter of William T. and Blanche (Church) Hazard. She received her degree in Business Teacher Education from Illinois State Normal University in 1939, later receiving her Master in Education from Northern Illinois University in 1965. She married Donald E. Hobart on January 18, 1947 in Rockford, IL.

She taught high school in Byron, Illinois for 18 years. She taught shorthand, typing, office practice, business classes and was the Inkspot (school newspaper) advisor. She was a strict teacher and held her students to a very high
standard. She retired from teaching in 1977. She lived to be 94 years young, and passed away February 8, 2013.

One $4,500 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current business major in good standing at Illinois State University with a cumulative grade point average of 3.00 or higher

The deadline to apply is July 15. All materials must be submitted online by the deadline to be considered.

Online Application

 

The Maggie Webb Endowed Scholarship

Maggie Webb received her Bachelor of Science degree in 2005 with a major in Business Administration from Illinois State University. She was employed by Von Maur in Omaha, Nebraska. Her life was tragically ended in a random act of violence in December, 2007 at the age of 24. Maggie was known as a strong leader, kind, supportive friend, wise mentor, and someone who always had a lot of energy. She always thought of others first and her smile brought warmth to your heart.

The Maggie Webb Endowed Scholarship was established for the purpose of providing financial support for College of Business students. It recognizes Maggie Webb who died tragically in December, 2007.

One $1,200 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current sophomore, junior, or senior college of business major in good standing at Illinois State University with a cumulative grade point average of 2.75 or higher.
  • Must demonstrate a commitment to serving others.

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered

Online Application

 

The Mark and Linda Hauptman Endowed Scholarship

Mark Hauptman graduated from ISU in 1979 with a Bachelor of Science in Accounting and received his CPA certificate that same year. He was active in Alpha Tau Omega fraternity during his years at ISU. He began his career at a public accounting firm in Bloomington, Illinois. Linda Dean Hauptman graduated from ISU in 1976 with a Bachelor of Science in Sociology. She started work at a community mental health center in Canton, Illinois, then moved to Bloomington and worked at the same accounting firm as Mark. They married in 1981, moved to Oklahoma in 1982, and then to Texas in 1989, where they currently reside in Fort Worth.

Mark worked in public accounting for five years and then transitioned to a career in the Insurance industry. He spent 20 years with HealthMarkets, Inc. where he held several accounting and executive positions, including CFO and Executive VP of Sales and Marketing. He retired from HealthMarkets, Inc. and in October, 2009 became part owner of a plastic injection molding company manufacturing jars, caps, liners. pencils and closures for the cosmetic industry. Linda continued working in human resources until they moved to Texas. She then became a fulltime homemaker and raised their three daughters. Mark and Linda decided to establish this scholarship fund as a continuation of their support of education.

One $2,000 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current junior, senior or graduate level business major in good standing at Illinois State University.
  • Preference will be given to accounting majors and members of Alpha Tau Omega fraternity.
  • Financial need will be a consideration when two or more applicants have apparently equal qualifications

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered

Online Application

 

 

The Pay It Forward Business Scholarship

The Pay it Forward Business Scholarship was established in 2015 by Ron Whitton '80, Paul Koch '80, Erick Miner '78, Gary Ritchie '83, Katie Hill-Gottesman '01, and Nate Webb '07 . The endowment was established for the purpose of providing financial support for business students actively engaged in leadership roles on campus. Preference will be given to students serving in a leadership position for a registered student organization affiliated with the College of Business. The goal is to help provide financial support for students working to improve their professionalism and career preparation. This scholarship supports Illinois State University's core values, specifically that of increasing student commitment to becoming engaged and active citizens, serving communities through volunteerism and leadership roles.

One $1,000 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current undergraduate or graduate business major in good standing at Illinois State University.
  • Be actively engaged in a leadership role on campus.
  • Preference will be given annually to students serving in a leadership position for a registered student organization affiliated with the College of Business.
  • In lieu of scholarship support, students can choose to have the College of Business directly pay for costs to attend and participate in legitimate professional development opportunities such as a conference, certification tests, and specialized training.

All materials must be submitted online by the deadline to be considered.

Online Application

 

The Phillip and Lee Ann (Baker) Clary Endowed Scholarship

Phillip S. Clary and Lee Ann (Baker) Sauers both attended ISU as non-traditional students seeking a future career in accounting. Both graduated from Illinois State University in the spring of 1983. But, as far as they can remember, they never met while at ISU, even though they were pursuing the same major, had the same professors, and were both initial inductees into the Beta Gamma Sigma academic honor society. Phil stayed at ISU to pursue an MS in Accounting and Lee Ann began her career as an auditor at Laventhol-Horwath’s Chicago office. They finally met when Phil accepted an internship at Laventhol for the 1984 audit season. They married in 1985 and have remained in the Chicagoland area ever since.

For both Phil and Lee Ann, ISU was a restart to both their personal and professional lives. The years spent at Illinois State gave them a great foundation for their careers, and without ISU they would not have found each other. With that in mind, Phil and Lee Ann established a scholarship to assist non-traditional students, including married students and students with children, pursuing degrees in the College of Business.

One $1,000 dollar award will be made on a one-year annual basis. Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester.

Qualifications:

  • Must be a current business major in good standing at Illinois State University.
  • Preference will be given to non-traditional students, including married students and students with children.

The deadline to apply is July 15.  All materials must be submitted online by the deadline to be considered

Online Application

 

The William Motchar Scholarship

William Motchar ’85 is President and Chief Executive Officer for Navis Global, the leading finishing machinery supplier to the global textile industry located in Charlotte, North Carolina.  After graduating from ISU, Will spent 13 years in progressing responsibilities in sales, marketing, and global business. He earned his M.B.A. from Wake Forest University and became Vice President of Global Sales & Marketing at Navis Global and later promoted to President and CEO.  In 2011, Will purchased the company, and Navis now has sales and service offices in over 60 countries.  Will is a new member to the College of Business Advisory Council at ISU, and will be inducted into the College of Business Hall of Fame in 2017. This scholarship is Will’s way of paying it forward to support undergraduate majors in the College of Business.

One $1000 award will be made on a one-year annual basis.  Scholarship funds will be disbursed through the Financial Aid Office after the 10th day of the fall semester. 

Qualifications:

  • Must be accepted for enrollment or enrolled in good standing at Illinois State University with an undergraduate major in the College of Business.
  • Reflects a spirt for civic engagement by showing involvement and leadership in school/campus organizations, registered student organizations, government, or similar organizations in the broader community
  • Preference will be given to students who are a current or former resident of a small or rural town/community.

All materials must be submitted online by the deadline to be considered.

Online Application

2017-10-12T11:16:06.758-05:00 2017