Wachovia Turns Over Scholarship Fund for Local Grads to CSU

COLUMBUS, Ga. -- Columbus State University will take over a scholarship fund that benefits graduates of Columbus high schools, thanks to a decision by Wachovia Bank and a recent court ruling.

PhotoWachovia officials recently met with Rex Whiddon, CSU’s director of major gifts and university stewardship, to transfer $180,000 that remained in a scholarship fund it had administered for four decades.

That gift to the CSU Foundation was made possible by a May 27 Muscogee County Superior Court ruling. Initiated by Wachovia’s philanthropy affiliate, Wachovia Trust, the ruling allows for the dissolution of the Community Scholarship Fund, which had been established in 1967 to benefit CSU-bound graduates of Columbus high schools. The scholarship, which covers fees and books for full-time students, was awarded on the basis of economic need, scholastic achievement and desire to attend college.

But in recent years, administration of the scholarship program had become more complicated because most scholarship recipients also qualified for the federal Pell Grant or Georgia’s Hope Scholarship, which had similar but not identical selection criteria. The ruling calls for selection criteria for the new Community Scholarship to follow that of the original trust and notes the possibility of the transfer making it possible for more money to go toward scholarships. CSU Foundation officials will work closely with CSU’s financial aid director in administering the scholarship.

On hand with Whiddon for the recent trust transfer were Antesia Beasley, assistant vice president and trust administrator for Wachovia Trust; Joyce Yamaato, vice president and philanthropic consultant for Wachovia Trust; and Alicia Laramy, Columbus area president of Wachovia Bank.

For more information, call Rex Whiddon at 706-568-5185.