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Creates Fossum Women's Golf Scholarship A
$300,000 anonymous gift was made recently to Intercollegiate
Athletics to fully fund a scholarship in the Spartan women's
golf program. The scholarship will bear the name of longtime
MSU head women's golf coach Mary Fossum.
Under
Fossum's guidance, the Spartans won six Big Ten titles, including
an unprecedented five straight from 1974-78. Her teams also
played in six AIAW National Championships from 1973-78 and
played in the 1982 and 1984 NCAA Championships. "The
Athletics Department is extremely proud and grateful to receive
this generous commitment," said Dr. Clarence Underwood,
MSU director of Intercollegiate Athletics. "Our women's
golf program has a strong tradition of excellence, and to
bear the name of our Hall of Fame coach is certainly most
appropriate."
The success of MSU women's golf has continued under the direction
of current head coach Stacy Slobodnik-Stoll, including the
2001 Big Ten title, NCAA Regional appearances in the past
three years, and NCAA Championship appearances in 2000 and
2001. "We strive to continue the outstanding legacy that
Coach Fossum established," Slobodnik-Stoll said. "This
gift puts our program one step closer to our championship
goals."
Several Spartan teams have benefited from partially endowed
scholarships, but this $300,000 gift ensures a full-ride scholarship
in perpetuity. It is the first-ever fully endowed athletic
scholarship at MSU. With endowed funds, gifts are invested
to earn income each year, and as the principal grows, so does
the income available to award. The principal always remains
invested in order to perpetuate the fund and, consequently,
provide a stream of financial support for the area of choice.
"The Mary Fossum Golf Scholarship could be the beginning
of a new era in philanthropy for Spartan athletics,"
said Chris Ritrievi, associate athletic director and director
of development for MSU Intercollegiate Athletics. "Although
the family wishes to remain anonymous, they know how deeply
we cherish their loyal generosity."
For more information about creating an endowed athletic scholarship
at MSU, please contact Tim Stedman in the Spartan Fund office.
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