Online auction nears goal for SAU scholarship fund - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Online auction nears goal for SAU scholarship fund

Shaun Smith, SAU Rodeo Team Member and "Credit Card" (Courtesy: Southern Arkansas University) Shaun Smith, SAU Rodeo Team Member and "Credit Card" (Courtesy: Southern Arkansas University)

Southern Arkansas University foundation members say they learned an online auction had raised nearly $10,000 for a scholarship fund Tuesday afternoon.

SAU foundation members say that its goal is $15,000 and the university has collected $3000 from other donations for the "Credit Card Scholarship Auction" that originated out of Ohio.

"It will take a minimum of $15,000 to endow the scholarship," said Josh Kee, SAU foundation member."Not only just alumni, but horse lovers all over the United States that has responded to this cause and this opportunity, and it has truly been amazing to us and our office."

"Credit Card" was the horse found dead in November after being stolen from the SAU campus in Magnolia. The owners of "Credit Card" and university officials wanted to do something to help SAU students cope with the loss and decided to create a scholarship for rodeo students.

Executive Director for the SAU Foundation Jeanie Bismark said members were paying close attention to the online auction.

"Their goal was to auction off items and at the end of the auction donate all of the proceeds to the Credit Card Scholarship," said Bismark.

"It is a scholarship that goes on for the life of the university," added Bismark.

Members of the SAU said they hope to begin awarding the scholarship in the fall of 2012.

Anyone wanting to take part in the auction can go to the facebook and search for "Credit Card Scholarship Auction". The online auction will last until Friday. Donations can be made online at or mailed to P.O. Box 9174 Magnolia, Arkansas.

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