Leslye Shellam, left, daughter of L. Dickson Flake, talks with UA Little Rock business student Stephen Malec, right, and Elizabeth Small, center, primary instructor for the UA Little Rock Real Estate program. Malec was the first student to receive the new scholarship.
Colliers Arkansas has made a $25,000 donation to a University of Arkansas at Little Rock scholarship program established in honor of its co-founder, L. Dickson Flake, who died last year.
The gift brings funds for the L. Dickson Flake Endowed Scholarship to more than $230,000. Scholarships will be awarded in the fall to UA Little Rock students pursuing an education in finance and real estate.
Flake’s daughter, Leslye Shellam, created the scholarship last year with a donation of $100,000.
The endowment is expected to provide almost $10,000 per year, which will help pay for education-related expenses that include tuition, books, fees and room and board.
The first recipient was Stephen Malec, a senior finance major with concentrations in real estate as well as financial services and risk management. He received the scholarship on Feb. 23 at UA Little Rock Downtown.
The school and Colliers are working to grow the L. Dickson Flake Endowed Scholarship fund to $300,000 by the end of the year.
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