FAYETTEVILLE, Ark. – Joy Ibanga, a senior in the Sam M. Walton College of Business, University of Arkansas, has received a scholarship grant worth $18,000 from the William G. McGowan Charitable Fund Inc. of Washington, D.C.

Ibanga, an accounting and finance major and economics minor, has studied economics in the Walton College Brazil Study Abroad Program where she enjoyed learning about the diverse culture. She has previously held internships with Wal-Mart Stores Inc., Bristol-Myers Squibb and the U.S. Department of Treasury. Ibanga is the daughter of Eka and Hudson Ibanga of Austin, Texas.

William G. McGowan was the founder of MCI Communications Corp. in 1968. Over the next 24 years, McGowan led MCI – and the entire telecommunications industry – in the application of new technologies and the creation of innovative services.

McGowan also introduced competition into what had previously been a closed monopolistic industry. He recognized in education a unique means for instilling and fulfilling vision. He also believed in finding ways to access the untapped treasures housed in the minds and spirits of the young and putting to good use that human resource.

The McGowan Charitable Fund established the McGowan Scholars to provide selected colleges and universities with scholarships to help students who wish to pursue a business education. The program is based on the experience of McGowan during his college days. Though admitted to Harvard Business School to study for an MBA degree, he did not have sufficient funds to complete his studies. He won Harvard's Baker Scholars award, which provided the funds necessary for him to earn his degree and launch a successful business career.

The McGowan Scholars program recognizes the academic achievements and excellence of students pursuing a major offered by an accredited business school. It is designed to encourage leadership ability, interpersonal skills and a significant involvement in academic, campus and community activities. It also recognizes excellence of character, a spirit of innovation and entrepreneurial potential.