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Cardiologist bequeaths $520,000 for scholarship and award
To ease the financial burdens of medical students and promote
excellence in cardiology, a retired cardiologist has bequeathed
$520,000 for a scholarship and an award for the University
of Kansas School of Medicine, Chancellor Robert Hemenway announced
today.
A $500,000 bequest to the Kansas University Endowment Association
from Overland Park, Kan., resident Sherman M. Steinzeig will
someday establish the Sherman M. and Alfred S. Steinzeig,
M.D., Memorial Scholarship. The renewable scholarship will
pay the full cost of tuition, books and fees and for a portion
of living expenses for one first-year medical student.
Steinzeig, c '49, m'52, has also bequeathed $20,000 for the
Study-Med Software Cardiovascular Achievement Award. The award
fund, to which Sherman makes annual contributions, honors
cardiology students, residents or fellows and can also help
launch a research project in cardiology.
"Medical school is expensive," Hemenway said. "With
the promise of a scholarship that covers educational expenses
for one year, the Steinzeig scholarship will give the School
of Medicine an opportunity to recruit and support an outstanding
student without concern for his or her financial resources."
Deborah Powell, executive dean of the school, said that the
high cost of medical education and rising levels of debt were
a concern to her and other deans of U.S. medical schools.
"I am so very grateful to Dr. Steinzeig for this generous
gift," Powell said. "His bequest will help us meet
the financial needs of our future students."
Sherman said the scholarship honors the memory of his brother,
Alfred, m'37, who died in 1983, and the brothers' shared heritage
and dedication to medicine. Alfred attended medical school
first and practiced family medicine in Kansas City, Kan.,
from 1938 to 1975. Like Sherman, he lived and worked most
of his life within a few miles of the School of Medicine.
Sherman served 27 months in the U.S. Army, which allowed
him to fund the majority of his medical education through
the GI Bill. He entered private practice in 1956, while serving
on the faculty at KU Medical Center and on staff at three
other Kansas City area hospitals. He served as chief of medicine
at St. Margaret Hospital from 1960 to 1970, then moved to
Bethany Medical Center where he directed the nation's first
coronary care unit from 1970 to 1990. He also maintained a
cardiology practice in Kansas City until 1990.
To develop and market the computer programs he created for
teaching medical students, Sherman started the Study-Med Software
Co. after he retired. Study-Med had its greatest commercial
success when the pharmaceutical company Marion Merrill Dow,
now known as Aventis Pharmaceuticals, purchased thousands
of diskettes and CD-ROMs with Study-Med's programs for distribution
to physicians around the country. Study-Med has branched beyond
cardiology to programs in pharmacology and nursing and onto
the Internet at www.studymed.com.
Sherman's bequests count toward the $500 million goal of
KU First: Invest in Excellence, the largest fund-raising campaign
in KU history. KU Endowment is conducting KU First on behalf
of KU through 2004 to raise funds for scholarships, fellowships,
professorships, capital projects and program support. KU Endowment
is an independent non-profit organization serving as the official
fund-raising and fund-management organization for KU.
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