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Gresham Petroleum and Double Quick make record-breaking donation

Principals of Gresham Petroleum and Double Quick (left to right), Bill McPherson, Tom Gresham and Walton Gresham, recently supported Delta State University and the Delta State University with record-breaking scholarships to the Delta State University College of Business.

Principals of Gresham Petroleum and Double Quick (left to right), Bill McPherson, Tom Gresham and Walton Gresham, recently supported Delta State University and the Delta State University with record-breaking scholarships to the Delta State University College of Business.

It was an easy call for the Indianola-based sister companies Gresham Petroleum and Double Quick.

Now, Delta State University and the Delta State University Foundation are pleased to announce the groundbreaking Gresham-McPherson Endowed Scholarships in the College of Business.

This Gresham Petroleum/Double Quick gift is the largest unrestricted scholarship gift in the history of Delta State University’s College of Business. Contributors include: Thomas & Louise Gresham Endowed Scholarship Fund, $75,000; Walton & Laura Gresham Endowed Scholarship Fund, $75,000; and the Bill & Draughon McPherson Endowed Scholarship Fund.

These monumental gifts total $225,000. Additionally, Gresham Petroleum/Double Quick is donating $10,000 each for the next five years to contribute $50,000 toward marketing.

Discussion of the scholarships began when William N. LaForge, president of Delta State University, and Keith Fulcher, executive director of the Delta State University Foundation, approached Gresham Petroleum/Double Quick — companies with long histories of supporting students through internships and hiring Delta State graduates.

“When President LaForge and Keith approached us about helping Delta State, we decided we wanted to help the College of Business,” said Tom. “We realized the importance Delta State has for the Delta, and we’ve hired so many Delta State graduates.

“We’ve had for several years an accounting internship program through Delta State. Many of those interns have gone on to be our employees, and we realized that Delta State has a great product. The students are ready for the working world and very prepared to join our team as soon as they graduate.”

McPherson added that the quality of students coming out of the College of Business played a major role in designating the funds to the business program.

“They come in able to learn our business, join our accounting team and some even move on to other areas of the company,” said McPherson. “Some came through the accounting internship and some came on right after college. There are Delta State graduates in all facets of our business.”

Giving back to a university that has consistently given them a great product seemed like a no-brainer to Walton and Laura.

“It’s important we give back to the area, and we felt like this was the way we could impact the Delta,” said Walton. “If the Delta is going to continue to grow and prosper, we need to make sure young students can depend on Delta State to further their education.”

LaForge said the contributions would greatly enhance to the quality of students who continue to graduate from Delta State.

“This is a perfect connection between academics at Delta State and business in the Delta. It provides the ideal loop,” said LaForge. “Students benefit from the scholarship support being provided to pursue their studies in accounting, excellent accounting students graduate from our program, and Double Quick/Gresham Petroleum is able to recruit newly-minted accountants to work in their headquarters.

“Delta State is immensely appreciative to Bill McPherson and Tom and Walton Gresham for their contributions and generosity. Their investment in our students is an investment in the Delta, as well as in their own businesses.”

Gresham Petroleum has been around since the late 1920s and is a wholesale fuel distributor throughout Northwest Mississippi and Southeastern Arkansas.

Double Quick has over 50 convenience stores primarily in the same regions. Learn more about both companies athttp://www.greshampetroleum.com and http://www.doublequick.com.

Fulcher could not be happier with the generous support to the university.

“The gift amount demonstrates to others that Delta State University graduates are a vital part of the economic engine of the Mississippi Delta,” said Fulcher. “These graduates often comprise a significant percentage of the workforce of successful businesses like Gresham Petroleum and Double Quick.”

Learn more about giving opportunities through the Delta State University Foundation athttp://www.deltastategiving.org.

 

About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

One comment

  1. Spivedav David Spivey

    I am just curious. Are the Greshams providing scholarships to Mississippi Valley State or Gentry high school, which is a great local high in Indianola?

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