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Madison Business Scholarship Fund

In 2006, seven fraternity brothers and graduates of the James Madison College of Business (COB) got the idea that it was time to give back to the institution that gave them much. It did not long before Jim Bonnell (’02), David Krause (’03), Michael Lentine (’03), Michael Marcantonio (’03), Jamie McDonald (’02), Jon McWhinney (’02), and Jason Minton ('03) formed the The Madison Business Scholarship Group.

Our goal is simple – be able to provide financial support to a well deserving COB student. In order to reach this goal, we need to raise $25,000; this will enable us to award an annual $1,000 scholarship. It is our hope that the beneficiaries of these funds will enjoy a rewarding and successful experience at the JMU College of Business and beyond. The Madison Business Scholarship wishes the recipient of this scholarship to maintain a strong grade point average (minimum of 3.0), to exhibit financial need, to demonstrate exceptional moral character, and reflect a well-rounded personality through involvement in your community and university.

One of the first fundraising actions taken by our group was to tie our fundraising goals to an annual golf tournament that founded and organized by Jim Bonnell (The JB Classic). Originally, this tournament was organized to provide a venue for JMU alumni and friends to get together and reconnect. The event has grown in popularity each year and provides a great opportunity to raise money for a worthy cause. In addition to the tournament, each member of our group has committed to a yearly pledge that affirms our commitment to raising the necessary funds.

However, $25,000 is only the beginning. By raising $250,000, the Madison Business Scholarship will have the necessary resources to provide a full scholarship to a deserving student. Costs of college are perpetually on the rise and despite the general affordability of James Madison University tuition cost are still burdensome to many students. We feel obligated to use the early success we’ve had in our careers to help alleviate these costs as much as possible.

Article from JMU College of Business Online Newsletter

Article from Madison Magazine


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