BHSU News & Events

Floyds pledge $1 million to establish endowment at BHSU

 

 
Black Hills State University alumnae and former employee, Elaine Floyd (second from left), and her husband, Joe, recently announced a $1 million pledge to endow the Elaine and Joe Floyd Scholarship at BHSU. The couple announced their scholarship endowment at the University’s annual 1883 Donor Recognition Dinner. Their $1 million pledge is in addition to the $250,000 the couple already donated to establish the scholarship. The three students currently attending BHSU on the Floyds’ scholarship are (left to right): Joey Painter, junior business administration major from Buffalo; Shandel Yordy, sophomore biology major from Martin; Katie Doll, freshman from Prairie City.

Black Hills State University alumnae and former employee, Elaine Floyd, and her husband, Joe, recently announced a $1 million pledge to endow the Elaine and Joe Floyd Scholarship at BHSU. The couple announced their scholarship endowment at the University’s annual 1883 Donor Recognition Dinner.

The Floyds were honored at the event as the 2011 “Difference Makers” for their ongoing support of BHSU. This award is given annually to the top donor of the previous calendar year. More than 90 University donors attended and were recognized for their financial support of the University.

BHSU President Kay Schallenkamp expressed her sincere appreciation for the Floyds’ generous support.

“I thank Joe and Elaine Floyd for their continued support of our students with this $1 million dollar pledge,” Schallenkamp says. “Their commitment to scholarships at Black Hills State University is already having a significant impact on our students. Their named scholarship is providing full tuition and fee support for four students for four years as they earn their bachelor’s degree at BHSU. That’s a remarkable commitment.”

Joe and Elaine say they established the scholarship program at BHSU because they believe that creating opportunities for young people to earn their degrees will make the world a better place.

“I’m a ranch girl. Growing up in western South Dakota, it was my big dream to go to Black Hills State,” Elaine says. “For a lot of us in that area, it was our big dream to go to Spearfish and attend Black Hills State.”

The Floyds have created a scholarship fund that has already provided a full ride scholarship for three high-achieving western South Dakota female students and will continue to provide scholarships for similar students in the future.

Their $1 million pledge, announced at the 1883 Recognition Dinner, is in addition to the $250,000 the couple already donated to establish the Elaine and Joe Floyd Scholarship at BHSU. The three students currently attending BHSU on their scholarship are: Joey Painter, junior business administration major from Buffalo; Shandel Yordy, sophomore biology major from Martin; Katie Doll, freshman from Prairie City; and the most recent recipient, Hallie Fulton from Miller who will enroll at BHSU this fall.

Although the donor and the recipients are at very different times of their lives, they have one big thing in common: they are ranch girls from western South Dakota who dreamed of earning a University degree from BHSU.

When speaking about the BHSU scholarship recipients, Elaine speaks with pride and says that’s been the best part of the whole experience.

“These are some of the finest ladies I’ve ever met.  They will do well in life. They have become a part of our family. That’s the great thing about this scholarship program. We feel like we have three new daughters and it has been so good to get to know the girls,” Elaine says.

Painter, the first scholarship recipient, is very grateful for the Floyd’s gift and for the opportunity to be able to focus on her studies and dedicate more time to being involved with the BHSU Presidential Student Ambassadors and the rodeo team. “Without their financial support I would not be able to volunteer my time on campus as I do now, they have provided me with endless opportunities while receiving my education at BHSU,” said Painter.

The Floyds note that they greatly value higher education and are delighted that they are able to endow funds that will create opportunities for future students.

“It was my dream to send not only our children and grandchildren to college, but to also make it possible for other young people to earn their degrees,” Elaine says. Their commitment will transform the lives of future students and make the dream of a college degree possible for others.  The Floyd Scholarship of $12,000 is renewable for subsequent years at BHSU as long as the student is making satisfactory progress.

The Floyds are both originally from South Dakota; Elaine grew up in the rural West River region near Lantry while Joe was born and raised in the urban area of Sioux Falls.
Elaine attended Black Hills Teachers College, spent time as a teacher in a one room school in her hometown region, was a recruiter for BHSU, and also worked with Joe in the cable television industry.

The Floyds were the latest Difference Maker Award recipients to pledge $1 million dollars to BHSU; the two other $1 million dollar donors who were previous Difference Maker Award recipients include: Harvey and Joy Krautschun and Dana, LaDawn, Alana, and Dan Dykhouse.

For information on establishing a scholarship endowment at BHSU, contact Steve Meeker, vice president of University Advancement, at Steve.Meeker@BHSU.edu or call (605) 642-6385.

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