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Through a planned gift, John E. (Jack) Bishop ('50) has made a commitment to assist a young person in obtaining a Wake Forest education in the future—and recognized an important influence in his own past. Bishop, who lives in Rocky Mount, N.C., has made an estate commitment of $100,000 to create the Jack and Jean Bishop Scholarship for students in the Calloway School of Business and Accountancy.
In honor of the influence that scouting had on his life, Bishop has designated that the scholarship be awarded to Eagle Scouts from Rocky Mount or Nash and Edgecombe counties. Bishop is president of his own company, Bishop Investments, in Rocky Mount.
"Mr. Bishop has a great love for Wake Forest and the Boy Scouts, and this was a way that he could help the University and at the same time help a deserving young Scout have the opportunities that he did at Wake Forest," said Allen H. "Chip" Patterson ('72, MALS '02), director of Planned Giving. "By making an estate commitment, he was able to make a larger gift than he would have been able to make otherwise and without giving up any current income. As with all planned gifts, there are also attractive tax benefits to making a gift like this."
Bishop enrolled in Wake Forest after serving in the Navy for two years, and he earned a bachelor's degree in business administration in 1950, the first year that the degree was offered. He was active in Kappa Alpha and Delta Sigma Phi. His two brothers also attended Wake Forest, and his wife, Jean, took summer school classes in 1948. Their granddaughter, Caroline (Carrie) Barbee, graduated in 1999.
Bishop credits his Scout master, Vernon Sechriest, with instilling the important values that led to his success at Wake Forest and later in business. He began scouting at the age of 12 and earned his Eagle Scout badge in 1943. "Scouting had a real impact on my development as a young man," he said, "and I would like to provide opportunities for others who share this background."
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