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The Josh Riley Memorial Scholarship

ArchiboldArchibold Marowa, or Archie as we have come to know him, is from Harare, Zimbabwe. He is the youngest of six children with four sisters and one brother. He graduated high school in Zimbabwe and then played soccer professionally for a few years. In 2008, Archie came to Henderson, Tennessee, to play soccer for the FHU Lions.

On the soccer field he was the team captain for three seasons. He was also recognized as a scholar athlete for his good work in the classroom. During his senior year, he received the "Heart of a Lion" award for demonstrating qualities of courage, determination, hard work, exemplary performance and service to others. He was also named Mr. FHU by the faculty and staff for best exemplifying the notable character and Christian values associated with Freed-Hardeman University. In December 2012, he graduated with his degree in Finance and is currently working toward his MBA in Leadership at Freed-Hardeman.

Archie says he is thankful to our donors for changing his life by their generosity. Archie received the Josh Riley Memorial Scholarship making it possible for him to get a Christian education at FHU.

The Josh Riley Memorial Scholarship was established in 2004 in memory of Josh Riley, a former FHU student and soccer player, who drowned in Kentucky Lake in July of 2004 while saving his friend and his friend's son. The family and friends of Josh Riley gave money, hosted fundraising events, and worked tirelessly to get this scholarship funded to the point it could help students like Archie.

Archie graduated from FHU in 2012 and currently works for TriStar Bank in Dickson, TN.

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A charitable bequest is one or two sentences in your will or living trust that leave to Freed-Hardeman University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Freed-Hardeman University, a nonprofit corporation currently located at 158 E. Main Street, Henderson, TN 38340, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to FHU or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

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Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

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You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to FHU as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to FHU as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and FHU where you agree to make a gift to FHU and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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