Two business alums establish separate $50,000 scholarships at the Shidler College of Business

Professor and alumna Jenny Teruya endows Master's of Accounting scholarship and alumnus Stuart Matsuda funds business scholarship in honor of sibling

University of Hawaiʻi at Mānoa
Dolly Omiya, (808) 956-6902
Shidler College of Business
Margot Schrire, (808) 956-6774
UH Foundation
Posted: Jul 18, 2007

HONOLULU — The University of Hawaiʻi Foundation is proud to announce the establishment of two new $50,000 endowed scholarships at the University of Hawaiʻi at Mānoa Shidler College of Business. Together with matching funds from Jay Shidler‘s $25 million gift last year, each scholarship endowmenttotals $50,000.

Master's of Accounting Endowed Scholarship Fund
Director and Professor of the School of Accountancy Jenny Teruya and husband Alfred established the Master‘s of Accounting Endowed Scholarship Fund to support students who have the potential to achieve a master's degree in the accounting field, but lack financial means.

Alfred and Jenny Teruya have been involved in Hawaii‘s public school system for many years. Alfred recently retired from McKinley High School after completing over 30 years of service for the Department of Education. Jenny‘s commitment to higher education grew out of her own educational experiences and pride for her alma mater. She received her Bachelor of Business Administration and Master of Accounting degrees from the University of Hawaiʻi at Mānoa, and later earned a PhD in Accounting from the University of Arizona. In 1998, Jenny joined the College as assistant professor of accounting at theUniversity of Hawaiʻi at Mānoa. Today, she is an associate professor of accounting and the director of theSchool of Accountancy.

"Both of us are educators and value the opportunities education provides our youth," says Jenny Teruya. "We have talked about establishing scholarships ʻone of these days,‘ however, we couldn't pass up the opportunity to take advantage of the Shidler match; it allowed us to have a bigger impact than we could afford on our own."

Todd Kiyo Matsuda Endowed Scholarship
Stuart Matsuda and his wife Michelle established the Todd Kiyo Matsuda Endowed Scholarship in honor of Stuart‘s younger brother, Todd Kiyo Matsuda, who passed away in 1980. According to Stuart, Todd was a recent high school graduate and had a great future ahead of him. The Matsuda‘s felt endowing a scholarship is an appropriate way to honor his brother who had so much potential.

Stuart received his BBA in 1986 from the Shidler College of Business and currently lives in California. As co-founder and director of L.A. Capital Management, Stuart manages all equity trading activity and is a key member of the portfolio management team. Previously, Stuart was a vice president and principal atWilshire Associates where he also served as Wilshire Asset Management‘s Director of Trading.

"Not many alums think about endowing a scholarship in the prime of their careers, " said V. Vance Roley, Dean of the Shidler College of Business. "Both Jenny and Stuart felt it was the right time to give back and make an impact on the lives of many students today and tomorrow."

About the Shidler College of Business at the University of Hawaiʻi at Mānoa
Established in 1949 as the College of Business Administration, the College was named in 2006 after alumnus Jay H. Shidler, founder and managing partner of The Shidler Group. The Shidler College of Business is renowned for its expertise in international management education and is consistently rankedamong the nation's top 25 graduate schools for international business by U.S. News & World Report. Long recognized for its Asia-Pacific focus, the College is a professional school, offering a wide variety of degree, certificate and executive programs. The College places a strong emphasis on the development of management skills, entrepreneurship and the management of business information technology. The UH Shidler College of Business is the only graduate program in the State of Hawai'i accredited by AACSB International. For more information, visit

About the University of Hawaiʻi Foundation
The University of Hawaiʻi Foundation is an independent, university-related, nonprofit organization whose purpose is to raise private funds according to priorities determined by the academic leadership of the University of Hawaiʻi and approved by the Board of Regents. Founded in 1955, the Foundation providesa full range of fund raising and alumni relations services for all 10 UH campuses. For more information on the Foundation, visit

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