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ATHENS -

A group of former and current Concord University administrators and faculty along with other friends of the university have established the new Five Aces Scholarship.

The endowed scholarship is funded by a charitable contribution through the Concord University Foundation Inc. with the intention of using the interest earned from the funds to assist eligible students with the expense of textbooks.

Among those contributing to the scholarship: Greg Ball, Phillip Ball, David Bard, Jerry Beasley, Joe Manzo, Ray Mull, John Seago and the late Homer Ball, Joseph Marsh and Kevin O'Sullivan.

The scholarship selection system gives preference to students from Mercer, Monroe, McDowell, Raleigh, Fayette, Wyoming and Summers counties.