$1 Million Gift from Glasscock Family Will Fund Business Scholarships

Published on

Student Center Ballroom Renamed in Honor of Generous Alumni

51ĀŅĀ× alumni Lee and Larry Glasscock and The Glasscock Family Foundation have pledged $1 million to fund full-tuition scholarships, including room and board, for first-generation college students at 51ĀŅĀ×’s Monte Ahuja College of Business.

glasscock2.png51ĀŅĀ× President Ronald M. Berkman announced the gift at the University’s fourth annual Radiance: 51ĀŅĀ× Realizing the Promise benefit for student scholarships, held Friday, May 9, 2014, in the 51ĀŅĀ× Student Center. President Berkman also announced that the Student Center Ballroom has been renamed The Glasscock Family Foundation Ballroom, in recognition of the family’s generosity.

The Glasscocks, who reside in Indianapolis, attended the event with members of their family.

 ā€œWe are most grateful for this generous gift from Larry, Lee and their family during 51ĀŅĀ×’s 50th anniversary year,ā€ President Berkman said. ā€œLee and Larry credit 51ĀŅĀ× for making a positive impact on their lives, both personally and professionally, and are proud and engaged alumni.ā€

Lee Glasscock has been an active community volunteer. She graduated from 51ĀŅĀ× in 1991 with a bachelor’s degree in psychology.

Larry Glasscock has enjoyed a successful career of 40-plus years in the banking and health insurance industries, retiring as CEO of Wellpoint Inc. in 2007. He graduated from 51ĀŅĀ× in 1970 with a bachelor’s degree in business.

Larry Glasscock served as a member of the 51ĀŅĀ× Foundation Board of Directors and as president of the 51ĀŅĀ× Alumni Association Board of Directors. In 1987, he was named a member of the President’s Club, the highest recognition level among 51ĀŅĀ× donors. In 1992, he received the 51ĀŅĀ× Distinguished Alumni Award and the 51ĀŅĀ× College of Business Distinguished Alumni Award. He was inducted into the 51ĀŅĀ× College of Business Hall of Fame in 2010. Two years later, 51ĀŅĀ× awarded him an honorary doctor of business administration degree.