USF Sarasota-Manatee scholarship benefits from generous donor

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SARASOTA, Fla. (May 8, 2015) – For students like Jennifer Caba, Alex Benishek and scores of others at the University of South Florida Sarasota-Manatee, the Clyde G. Nixon International Business Endowment Scholarship is a treasure that has opened their eyes to the world around them.

Now, that scholarship fund is reaching new heights.

Thanks to an anonymous $40,000 donation that was matched and surpassed by $52,000 in contributions by community members, this year’s combined gift level has reached $92,000. Total endowed funds to date have hit $370,000.

The anonymous donor provided the gift in honor of the scholarship’s namesake, Clyde G. Nixon, who would have turned 80 on Sunday.

“What a joy to continue to celebrate Clyde as a former USF Sarasota-Manatee leader and community leader with this ongoing scholarship for international study for our College of Business students,” Dennis Stover, regional vice chancellor for university advancement, said of the anonymous contribution.

Altogether, the university manages more than $4 million in scholarship endowments with projected annual earnings of $157,000 and receives more than $200,000 annually in direct scholarship gifts.

Nixon’s wife, Joan Nixon, said the international business endowment scholarship was established by friends and family after her husband’s death in 2007. Nixon was the former chairman of Sarasota-based Sun Hydraulics.

Combining Nixon’s love of travel and education, the scholarship provides students the opportunity to study abroad each summer while exploring new cultures.

Caba, for example, studied in Poland, visited the Auschwitz concentration camp and along the way helped build a clinic in partnership with Habitat for Humanity.

Benishek traveled throughout Japan, including its industrial areas to learn how factories operate there.

Including those two students, the fund has helped a dozen young people travel to countries that otherwise they might never have visited.

Two more students are expected to take trips this summer thanks to the Nixon scholarship.

To learn more about giving to this or other programs at USF Sarasota-Manatee, please contact Dennis Stover at (941) 359-4582.