Bulletin Board

Scholarships Available To Business Owners' Kids

Financial and tax consulting franchise Padgett Business Services has found another way to service its clients and their communities: The company will award more than $50,000 in scholarships this year to small-business owners' dependents throughout the United States and Canada.

"Unlike employees of large corporations, many of which have scholarship programs already in place, small-business owners have the added challenge of putting their children through school," says company chairman Dan Sautner. "Given the cost of education today, [we feel] this scholarship program is just one example of our dedication to serving our clients and community."

Since the scholarship program began in 1990, Padgett has awarded more than $150,000 in aid to students.

This year, each of the more than 150 participating Padgett franchisees will contribute one $500 scholarship, and Padgett headquarters will award a $4,000 grand prize. Regional winners will be notified in May, and one of these recipients will be awarded the grand prize in July.

Applicants must be graduating seniors planning to attend accredited post-secondary institutions and be dependents of small-business owners who employ fewer than 20 people, own at least 10 percent of their businesses and are active in daily operations. Applications must be received by the Padgett home office by March 1. For more information, call (800) PADGETT or write Padgett Business Services Scholarship Program, 160 Hawthorne Park, Athens, GA 30606. --Lourdes Aguila

This article was originally published in the February 1997 print edition of Entrepreneur with the headline: Bulletin Board.