Oklahoma surpasses scholarship endowment goal

NORMAN, Okla. (AP) _ The University of Oklahoma has reached its goal for $50-million to endow scholarships in just one year. <br/><br/>School officials began the five-year fund-raising effort last year.

Wednesday, April 12th 2006, 3:19 pm

By: News On 6

NORMAN, Okla. (AP) _ The University of Oklahoma has reached its goal for $50-million to endow scholarships in just one year.

School officials began the five-year fund-raising effort last year.

OU President David Boren Wednesday announced a $5-million gift from Cy and Lissa Wagner of Midland, Texas, that puts the Campaign for Scholarship at more than $50,667,000.

OU will use only the interest generated by the endowments and say that's expected to generate about $2.5-million a year for student scholarships.

Boren says even though the goal of $50-million has been reached the campaign will continue and a new goal will be set this fall.