Cycle of Giving
This year, several accounting students have been the beneficiaries of scholarships provided by generous alumni who are giving back to a program that has made a significant impact upon their lives.
During a recent visit to Utah State, Jim and Bonnie Quigley reconnected with professors from the past and rekindled warm memories of time spent in Cache Valley. They also were very impressed by the quality and eagerness of the students they met. As a result, they became determined to find a meaningful way to benefit USU accounting students. The Quigley’s, with matching funds from Deloitte, have pledged to award three annual $4,000 student scholarships–the Quigley/Deloitte Graduate Fellowships.
Jay H. Price, Jr. has funded the largest scholarship endowment in the School of Accountancy. Annually, two accounting students are the recipients of the earnings from the Jay H. Price Scholarship Endowment. Dr. Price feels strongly that recipients of scholarships should assume an "attitude of gratitude," and give back to the School, in order that other deserving students may also benefit.
In memory of a USU professor who made a powerful difference in his life, Ross Kendell and his wife Nancy have pledged their generous support of the V. D. Gardner Scholarship in the School of Accountancy.
Kendell, former President and CEO of KeyBank of Utah (formerly Commercial Security Bank), began his career in banking because of advice received from his faculty advisor, V.D. Gardner, who encouraged him to apply for the Junior Executive Training Program with Commercial Security Bank (CSB). Following his freshman year at USU, Kendell followed the advice, applied for the position, and was accepted into the program.
Kendell worked three summers in the CSB training program (1957–59). Upon receiving his degree in accounting from USU in 1960, Kendell started full–time work and a long, storied career with CSB. After 27 years with the bank, he became President and COO in April 1987, and CEO about one year later. CSB was acquired by KeyCorp in December 1987 and became KeyBank of Utah. Kendell retired in June 1995.
Reflecting back on his first interview with CSB, Kendell said he was told that "we can teach an accountant banking, but we cannot teach a banker accounting." He said his future employer regarded accounting as a prime skill for anyone in business.
"I am indebted to Professor Gardner for his encouragement and foresight, which started me on a rewarding and challenging career in banking," said Kendell.