The Church is committed to the continuation of LDS Business College, President Gordon B. Hinckley declared March 9 during a ceremony honoring the endowment of a scholarship named for his parents.
The Bryant S. and Ada Bitner Hinckley Faculty Scholarship Endowment benefits students at LDS Business College. Bryant and Ada Hinckley were employed by the school from 1899-1910; he became principal in 1900 and she was a teacher.
At the celebration, President Hinckley's sister, Ramona Hinckley Sullivan, sat by his side, and other family members sat in the audience. Elder W. Rolfe Kerr of the Seventy and Commissioner of Church Education attended.
President Hinckley said that the Church-owned school "serves a very unique and interesting place and will continue to do so. These students, who come from many areas, are so benefited and they are so blessed in training for their vocational experiences, and this will go on and on, and I hope that (the college) will increase in importance and stature as a part of the Church's educational program."
He spoke of plans to relocate the college as part of the Church's redevelopment of several commercial properties in downtown Salt Lake City.
During the program, a video of the lives of Bryant and Ada Hinckley was shown, followed by a presentation of photos and personal histories of the fund's namesakes to the college by Hinckley grandsons Wayne Hinckley and Bryant Hinckley Wadsworth. Also offering remarks were LDS Business College President Stephen K. Woodhouse; grandson Mark Willes, who made the endowment announcement; Carolyn W. Brown, vice president for Academic Affairs; and Isabel Hernandez, a Hinckley scholarship recipient.
The scholarship endowment was established in 2004 after President Hinckley was informed during a June board of trustees meeting of the fund. It had been established in 2000 by faculty members and provided about four scholarships annually. President Hinckley requested it become an endowed fund and made the first contribution.
Today, the fund will provide about eight scholarships annually from the interest generated by the endowment. The scholarship has grown to more than $260,000.
President Hinckley referred to the board meeting. "I'd never heard of (the scholarship) and I was fascinated with the fact that the faculty had taken the initiative to try to put together a little money to assist students who attended here. I immediately wrote Brother Woodhouse and got this thing going and I'm very grateful that it has attained the size that it has, and I hope that it will continue to grow, perhaps by small increments so that more and more students may be benefited and blessed because of this undertaking."
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