RANDY S. MORRISON MEMORIAL SCHOLARSHIP FUND
Frequently Asked Questions
Randy Stanton Morrison grew up in Oklahoma City, Oklahoma. In 1962 he entered O.U., where he joined Delta Kappa Epsilon Fraternity. During his studies, Randy became the station manager of the student-run radio station KUVY. After receiving his Bachelor of Science Degree in Drama and Fine Arts in 1967, he joined the Navy, where he was trained as a hospital corpsman and attached to the Marine Corps 1st Division in Vietnam. On June 14, 1970, while assisting the wounded of his unit in combat, Randy was seriously wounded and died on July 1st. Always the epitome of a gentleman, scholar, and jolly good fellow, the men of Delta Kappa Epsilon Rho Lambda Literary Association establish this scholarship in lasting memory of Randy’s faithful and honorable service to country and fraternity. From the Heart, Friends Forever.
FAQs:
What is the minimum amount to fund the scholarship with the O.U. Foundation? $25,000
Is there a set time to establish the Fund? DKERLLA has adopted a “$25 by 25” drive and is looking to have the scholarship fully funded by 2025, the date set for recolonization
What is the amount of scholarship money that will be awarded? $500 to $1,250 per academic year, depending on the status of the Fund and return on investment
Who is eligible to receive the scholarship? A full-time, regularly enrolled Helmerich School of Drama Student, preferably with an emphasis in Acting, who has a minimum of 2.50 GPA, a demonstrated financial need and is not a contributor to the Fund or an immediate family member of the contributor to the Fund.
How is the recipient of the scholarship chosen? Applicants will be selected by the Scholarship Selection Committee of the Helmerich School of Drama; The Director of the School, or his/her designee, serves as Chair and works in conjunction with the O.U. Foundation to determine the amount and number of scholarships based on the amount available in the Spending Account
How is the scholarship funded? Donations from DKERLLA, its members, and the general public are made directly to the O.U. Foundation
Who is considered a Donor? DKERLLA and anyone who donates to the Fund
Are donations tax-deductible? Yes, all donations to the Fund are made to the O.U. Foundation which is a 501(c)(3) organization that issues year-end statements for tax deductions
How are the funds administered? The O.U Foundation administers the funds and invests them with other funds to achieve a higher interest yield. The annual endowment distribution rate is 4.5% of the market value of the principal (averaged over the previous 12 quarters)
Is there a maintenance cost? Yes, once the scholarship is endowed at $25,000, the Foundation charges 1% from the yield to administer the Fund, leaving the remaining yield for scholarship distribution and reinvestment back into the Fund
Is there a suggested level of giving? Yes, DKERLLA suggests a minimum of $1,000.00
Can I make a pledge and then make periodic payments? Yes, some folks find it easier to budget periodic payments; a suggested monthly payment of from $33 to $50 per month would meet the “$25 by 25” goal
How can I donate? You can access Randy’s Fund here, or at http://www.soonerconnect.com/morrison, or go directly to the O.U. Foundation at oufoundation.org (see below for navigation). You can also send a check; checks should be made payable to the “O.U. Foundation” Please write Fund #34126 and/or Delta Kappa Epsilon Randy Morrison Memorial Scholarship Fund on the memo line or in an enclosed note. Mail to:
The University of Oklahoma Foundation
P.O. Box 258856
Oklahoma City, OK 73125-8856
FOR MORE INFORMATION, CONTACT:
O.U. Foundation at (405) 321-1174 or email at http://home.oufoundation.org
To access Randy’s Fund page from oufoundation.org:
1. Top right, click on the magnifying glass icon (on tablets or phones, first click on “Menu”)
2. Type “randy”, or “morrison”
3. Click on “Delta Kappa Epsilon Randy…”
On Randy’s page, click on “Donate“
Skip the Foundation’s text. All donations made on this page go to Randy’s Fund
It’s not necessary to select “In Honor/Memoriam” or “Employer Match”