by Lance Turner
Posted 4/15/2013 08:35 am
Updated 8 months ago
The University of Arkansas said Monday that Jack R. Jacobs of Tulsa, Okla., has made a planned donation of $1 million to establish the Dana Jacobs Memorial Endowed Scholarship in the College of Engineering at the UA.
The college will use the money, designated to the department of electrical engineering, to support students in the department who have a financial need.
"This is an outstanding gift for the department of electrical engineering," said Terry Martin, interim dean of the College of Engineering. "We are touched that Mr. Jacobs has decided to memorialize his son with this scholarship.
"There is a definite need to educate more young engineers in this vital field, and this gift will allow us to do just that. It is exciting to think of the number of students who will benefit from his generosity."
Jacobs is a 1951 graduate of the Sam M. Walton College of Business.
"I’ve been blessed," he said. "So, I wanted to help other people."
The scholarship is named in honor of Jacobs’s middle son, Dana, who died in 2000. Dana worked in the electrical engineering field. In 2011, Jacobs made a planned gift to the Dorothy E. King Equine Program, also in memory of Dana, because of his love for horses.
Jacobs is president of L.A. King Corp. in Tulsa.