Childress Scholarship grows benefitting business students
CARBONDALE, Ill. – Braden Drake had been paying his own way through Southern Illinois University Carbondale, so learning he was one of this year’s James B. and Rosemary Samuel Childress Scholarship recipients was quite a relief.
Drake, a senior accounting major from Carterville, said the scholarship was a big help in paying tuition, fees, books, apartment expenses, medical and vehicle insurance bills and other costs of living. He was also excited to learn that upon their deaths, the Carterville couple added a $2 million bequest to SIU’s scholarship fund bearing their names, allowing students to benefit even more from the scholarships in the future.
“Any time I’m able to receive a scholarship, it helps me get one step closer to covering my expenses without having to take out any student loans,” Drake said. “I really want to thank the Childresses for their donation to College of Business students and helping me be able to reach my goals.”
Drake is slated to graduate in May 2018 and plans to continue his education at SIU to obtain his master’s in accountancy with the goal of becoming a CPA and working for an accounting firm in the St. Louis, Springfield or Indianapolis areas. Upon graduating, he’ll also be commissioned as a second lieutenant in the Illinois Army National Guard; he enlisted in November 2013.
James and Rosemary “Dee” Childress married as high school sweethearts before James went off to serve as an electrician’s mate with the U.S. Navy in the South Pacific during World War II. He returned to his hometown, graduated from Carterville High School and then earned his bachelor’s degree in economics at Southern Illinois University Carbondale. The couple lived in a small second-story apartment, and he worked at the Carterville Post Office to put himself through school.
While their married life began with meager means, James became a successful businessman. Over the course of his career, he went on to own or co-own various steel erection, construction and sales businesses as well as motels and nursing homes in the Midwest and south, according to Robert Howerton, a relative of the couple who served as their attorney. Hard work and wise investing grew the Childress fortune, Howerton said.
“They were unable to have children but they were very successful, very devoted to each other, very family-oriented and very generous and charitable to others,” Howerton said. “They also realized the value of a good education and wanted to do something to help other people, people who they hoped could also go on to be successful if they just had a little help.”
Thus, the Childress’ philanthropy included SIU. The couple originally endowed a scholarship at James’ college alma mater in August 1989, earmarking the funds to go each year to SIU business students who are graduates of high schools in Jackson or Williamson counties or to students who graduated from community colleges and high schools within those counties. Financial need is considered and preference goes to students who are working to help cover their college expenses. Applicants must also submit an essay. Recipients are eligible to apply for a scholarship renewal.
Receiving a Childress scholarship this semester helped Emily Kerrens of Murphysboro transfer to SIU as a junior accounting major “with a lot less stress about finances,” she said. “I’m grateful for the opportunity that this and other scholarships has given me.”
After completing her bachelor’s degree, she plans to obtain her master’s degree and become a CPA, working in the tax field.
Stephen Dickman, a junior transfer student from Marion, is a marketing major with career plans in sales. He said he’s grateful to have received a Childress scholarship this fall to help pay for his tuition and books.
Dee Childress passed away in July 2015 and her husband died the following May. Both were 90 at the times of their deaths, and they had given untold amounts through the years to charitable causes, particularly education, civic, health, historical and relief organizations. Their final wish was to offer a helping hand to even more young people, so they added a $2 million gift to SIU’s James B. and Rosemary S. Childress Scholarship endowment. SIU Foundation officials estimate the fund will now generate about $80,000 annually that can be awarded to SIU business students.
“We know scholarships make a difference in the lives of our students,” said SIU Chancellor Carlo Montemagno. “We at the university witness that every day. The Childresses felt that impact while they were living. Seeing how scholarships affected students meant a great deal to them. Their bequest to the Childress Endowment will help students in the College of Business in an even more significant way for years to come. Those students and SIU are most appreciative of the Childress’ generosity.”