Tabor College has received PepsiCo stock valued in excess of $1 million to enhance the men’s basketball program.
The gift, donated by 1962 Tabor alum Floyd E. Bergen, was given in honor of former Bluejay basketball coach Del Reimer, who led the program from 1957 to 1970 and served a total of 30 years at the college.
“I have thought for years how to honor the man who taught me so much while at Tabor: Dr. Del Reimer,” Bergen said. “It is my privilege to endow a scholarship in his honor as my coach and mentor.”
The endowment donation will be used to fund a full-ride scholarship for one student-athlete.
“The gift honoring Del will establish a scholarship that will be directed toward an individual who will be an impact player for the men’s varsity basketball team,” President Jules Glanzer said.
“We will continue to hold the stock and use the dividends to fund the scholarship.”
Coach Micah Ratzlaff said that while the exact amount of scholarship funding is unknown, it is expected to generate around $30,000 per year.
“The scholarship is designated for the center position,” Ratzlaff said. “With that in mind, we are looking for size, strength, athleticism and the ability to be a force around the basket on both ends of the floor.”
He said the gift will give Tabor new recruiting opportunities.
“It gives us a chance to recruit with the big boys and the possibility to recruit a student-athlete we would not be able to talk to in the past,” he said. “I am extremely grateful and excited about this opportunity.”