Caroline C. Howe and Todd A. Osburn Endowed Scholarship


  • Potential recipients must be a citizen of the United States (parents of recipients must also be citizens of the United States).
  • Potential recipients must be pursuing a major within the Scott College of Business.
  • Potential recipients must have achieved a status of Junior, Senior, or graduate level within the Scott College of Business.
  • Applicants must be engaged in part-time employment during their scholar year.
  • Potential recipients are not eligible for Federal Grants.
  • Potential recipients must be/maintain a 3.0 or above GPA within the Scott College of Business.
  • Preference will be given to potential recipients whose expected family contribution is no more than equal to half the cost of attendance, as determined by the Indiana State University Office of Student Financial Aid.
  • Preference will be given to applicants majoring in Finance, Accounting, or Financial Services.

Donor Profile

The scholarship was created from a gift from alumnus Todd Osburn and his wife, Caroline Howe. The $7.5 million planned gift is uniquely structured to both help the most financially strapped students - those from middle-income families - and to ensure their professional readiness upon graduation. The Caroline C. Howe and Todd A. Osburn Endowed Scholarship sets aside $5 million to assist Scott College of Business students, and $2.5 million will create the Caroline C. Howe and Todd A. Osburn Career Professional Readiness Fund.

Osburn, '85, of Chicago earned a degree in accounting and is a founding partner of Greyrock Capital Group. Howe earned a bachelor's degree in communications and development from Marymount Manhattan College in New York and a master's degree in education from Hunter College of The City University of New York.

Osburn says the decision to attend Indiana State was a natural one after graduating from Terre Haute South High School. While attending Indiana State during the day, he worked nights full-time at the Pillsbury plant (now the soon-to-be renovated ICON building) on the Wabash River.

Upon deciding how to structure the gift to the university, Howe said they asked their nieces and nephews what they wished they had learned in college. Their wish list included job readiness skills such as internships, interview preparedness, communication etiquette, general leadership and corporate social responsibility . Osburn and Howe hope to help Sycamores be "ready to hit the ground running" upon graduation.

"Todd and Caroline are passionate about the transformative experience that Indiana State provides our students," said Ron Carpenter, vice president for development and CEO of the ISU Foundation. "As one of the largest single philanthropic commitments to our university, their gift is an important legacy not only for the couple, but also future generations of Sycamores. Their generosity will support our institutional commitments to affordability and career-readiness."

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Todd Osburn and Caroline Howe

Caroline Howe and Todd Osburn

Past Recipients

Ethan VanWagner & Alijah Rogers-Peterson, 2020

Applications for the scholarships and other awards on these pages should be made through The Branch. Clicking the link will take you to The Branch instruction page.

Scholarships for Business Programs