A University of Hawai'i graduate and her family have established a $50,000 endowed scholarship at the UH's Shidler College of Business in honor of their parents.

The Eiro and Alice Yamada Endowed Scholarship was created by a $25,000 gift from the Yamada Scott Family Foundation and will be matched by Shidler's Matching Gift Funds. The scholarship will be available to students majoring in any area of business and those who wish to pursue entrepreneurial studies at the Shidler College of Business.

Susan Yamada Scott, president of the foundation and a 1982 UH graduate, said the scholarship was a way to pay tribute to her parents, Alice and Eiro, who made education their life's passion. Since 2000, the Yamada Scott Family Foundation has awarded $250,000 to students and community organizations.