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DATE: Oct. 22, 2002

Women students will get help from Foran endowed scholarship

DEARBORN---Michael Foran, associate professor and chair of the Department of Accounting and Finance at the University of Michigan-Dearborn, has made a gift and pledge to establish an endowed memorial scholarship in memory of his wife, Nancy J. Foran, who died in February after a short illness.

The Nancy J. Foran Endowed Memorial Scholarship will be used primarily to support female students interested in tax accounting. Foran's gift will bring the scholarship fund's total to $21,000.

"I felt it was important to offer this kind of scholarship support in Nancy's memory, because she loved teaching tax and helping her students," Foran said. "With this endowed scholarship, she will hopefully be able to help them forever."

Nancy Foran, associate professor of accounting, joined UM-Dearborn's School of Management faculty in 2000 after serving as a faculty member at Wichita State University for more than 20 years. She wrote numerous articles in professional journals, primarily on tax-related issues in accounting.

She was an honored and experienced scholar in the area of taxation and was a very dedicated and appreciated classroom teacher.

Foran earned her bachelor's degree in accounting at the University of California, where she was elected to Phi Beta Kappa and Beta Gamma Sigma. She earned her master's degree at Wichita State and her doctoral degree in business administration at Oklahoma State University. She was the recipient of several awards for excellence in teaching and held leadership positions with regional and national professional organizations.

"This is a wonderful memorial gift Professor Michael Foran has made," according to Gary Waissi, School of Management dean at UM-Dearborn. "It not only serves as a legacy of Nancy Foran's significant contributions to her profession, but it also will help innumerable deserving students with scholarship support through the years. Scholarships are vital to help the school to be competitive in attracting top students."

The School of Management currently enrolls more than 1,400 students per year and now has more than 6,500 alumni. The school's undergraduate and graduate programs are accredited by the American Assembly of Collegiate Schools of Business International. Only 25 percent of business schools nationwide are accredited by AACSB International.

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