American Management Corporation CEO Steve Strange didn?t get another autographed baseball for his birthday. Instead he got a gift that will keep on giving.
AMC employees and business partners chipped in and established an endowment for the Insurance Department at the University of Central Arkansas. The Stephen L. Strange Sr. Excellence in Insurance Endowment Fund will provide scholarships to students enrolled in UCA?s College of Business and pursuing a degree in insurance.
?Steve?s birthday is later this month, and this year being his 65th birthday, we wanted to do something extra special. Several of our business partners also joined us in helping get this scholarship started, and we appreciate their help as well,? said Chief Financial Officer David Grimes. ?Steve was instrumental in helping UCA start a program in insurance, so we thought establishing a scholarship in his name for that program would be very fitting.?
The endowment has already reached $30,000. Scholarships will be awarded from the fund beginning next fall.
Stonington Insurance Co., one of AMC?s major business partners, donated $10,000 to the endowment. Katherine Lessman, a representative with the company, said, ?AMC has been a valued partner to us, and the generosity of Steve and others like him make people?s dreams possible.?
President Lu Hardin called Strange one of the most remarkable individuals he knows, saying his business success is the result of his vision and tenacity. ?It is a great honor that a scholarship has been established in his name so UCA students will have an opportunity to make their own success stories,? he said.
UCA Vice President of Advancement and Development Kelley Erstine applauded the employees of AMC for endowing a scholarship in honor of their CEO. ?I don?t think Steve could have been presented with a more meaningful gift on his birthday, based on his strong financial support over the years to UCA. We are grateful to Steve, AMC and their business partners for this endowment,? Erstine said.
For more information on donating to the Stephen L. Strange Sr. Excellence in Insurance Endowment Fund, contact the UCA Foundation at (501) 450-5288 or toll free 1-800-981-4426.
