PAS endowment created Dr. Fred S. and Mary Stahmann of Sioux Falls have created a new Presidential Alumni Scholarship (PAS) endowment at The University of South Dakota. The new endowment will fully fund one PAS Scholarship for a South Dakota the full cost of in-state tuition and fees. High school seniors with a composite score of 27 or above on the ACT or a 3.75 or higher grade point average are eligible for the scholarship, which may be renewed for four years.
The endowment was created within The University of South Dakota Foundation in honor of the Stahmann's son, Fred D. Stahmann, M.D., and his wife, Linda.
According to the Stahmanns, the "Fred D. and Linda Stahmann Presidential Alumni Scholarship Endowment" was created in recognition of USD's high quality Arts and Sciences and pre-professional programs and because USD's size, in relation to many state universities, provides for smaller classes which encourage increased student-faculty contact.
The Stahmanns also believe that public universities have a greater number of high quality students in need of scholarship help.
Fred S. Stahmann pioneered the specialty of obstetrics and gynecology in South Dakota and served on the faculty of the USD School of Medicine for many years. His son, Fred D. Stahmann, graduated from USD's then-two-year medical program in 1965 and completed his medical training at Northwestern University. Now retired, he was chief of cardiovascular and thoracic surgery at the Lexington Clinic, Lexington, KY. The scholarship is expected to be awarded for the first time in 2000-2001 academic year,
The mission of the USD Foundation is to provide private financial resources for the university, in order to increase the excellence of the educational experience provided by USD, with the goal of creating the best small public university in the nation emphasizing excellence in teaching. Total new giving to the USD Foundation last year was close to $5 million, up to 28 percent the previous year. Total net assets of the foundation increased by 16 pecent in FY98, to $62 million in assets as a result of generous gifts and bequests from alumni and friends of USD. Last year, the USD Foundation granted more than $1.7 million in scholarships, about $1.35 million for support of the academic department of the university and over $134 thousand for capital projects and equipment. New endowments for scholarships of other purposes that benefit the university may be created within the USD Foundation for as little as $5,000, contributed over two years.