William B. & Margo Martin Chancellor Scholarship
In 1983, William Bryan Martin became Franklin College's 13th president. During the next 14 years, Franklin College grew and earned numerous accolades: the school was reclassified by the Carnegie Foundation for the Advancement of Teaching, placing it among the "most selective" of general baccalaureate institutions; FC was named the sixth best liberal arts college and one of the "best buys" in the Midwest by U.S. News and World Report magazine; Money Magazine listed the school among the top 15 college values in the Midwest and one of the 100 "best buys" in the nation. Under President Martin's leadership, student enrollment grew steadily while tuition increases were kept among the lowest in Indiana for private colleges. During the Martin presidency, Mrs. Martin was also active on the campus and in the community. She hosted numerous receptions for students, faculty and staff, alumni and donors in her home. She helped organize academic conferences on the campus and participated in organizations in the town of Franklin. In 1997, the board of trustees created the position of Chancellor of Franklin College and asked the then-president if he would serve in the new role. He accepted and, as his term as President of Franklin College came to end, this scholarship fund was established by friends and colleagues.
The William Bryan Martin and Margo Martin Chancellor's Scholars Fund is awarded to an outstanding Franklin College student or students from outside of Indiana. Preference will be given to students from Martin's home state of Kentucky. Recipients must possess good character, leadership skills and academic potential. The vice president for enrollment and student affairs will select the recipients.