The scholarship was created by two frequent guests on Carnival Cruise Line, Carol and Richard Hoefs. The couple wanted to name the scholarship after someone who has made a significant positive impact both in their lives and to the world in general.
“John Heald is a very good man who does everything in his power to help everyone he meets. He treats everyone with the utmost respect and kindness. As such he makes the world a better place and is an inspiration to me to do likewise,” Richard Hoefs said.
The Hoefses have committed to contribute $120,000 to fund the John Heald Medical Scholarship between now and mid-2023. The school will invest the funds in the TCU endowment. The scholarship amount that is spent annually is based on a percentage of the market value of total funds so as to maximize the scholarship payment and ensure the preservation of the fund for future students. This percentage is determined annually by the TCU Board of Trustees and is approximately five percent. The first annual scholarship of approximately $6,000 will be awarded to a student in the fall of 2024.