The Dr. Frederick A. Steinmann Scholarship Endowment Fund
Establishment and Purposes of the Steinmann Scholarship Endowment Fund
The Dr. Frederick A. Steinmann Scholarship Endowment Fund was established in June, 2017, by a gift of $25,000 from Sterling Franklin, Trustee of the Morris S. Smith Foundation, and a friend of Dr. Frederick Steinmann. Sterling also gave a cash gift of $1,250 so that the first Steinmann Scholarship award could be given to a student in academic year 2017-18. Also, Dr. Chester A. “Chet” Newland, a friend and mentor of Frederick, donated $2,000. In March, 2018, after Sterling learned of the high cost of undergraduate tuition at the University, he gave an additional $20,000 in fall, 2018, $25,000 in fall, 2019, and $29,000 more in fall, 2020, from the Smith Foundation, to bring the total gifts to the Steinmann Scholarship Endowment Fund to over $100,000.
The Dr. Frederick A. Steinmann Scholarship Endowment Fund was established for three purposes: a.) to honor Dr. Frederick A. Steinmann; b.) to provide a partial-tuition scholarship award each year to a student at the Βι¶ΉΣ³» College of Business; and c.) to encourage friends and alumni of the University to consider establishing and donating to similar endowed scholarship funds at The College of Business.
The gifts to the Steinmann Scholarship Endowment Fund were placed into a Βι¶ΉΣ³» Foundation endowment account which will be kept separate from other endowment funds for bookkeeping purposes. The account was entered on the books and records of Βι¶ΉΣ³» Foundation as the "Dr. Frederick A. Steinmann Scholarship Endowment Fund" and it shall always be so designated. For investment purposes, the assets of the Steinmann Scholarship Endowment Fund may be merged with other endowment assets of the Βι¶ΉΣ³» Foundation and invested as other endowment funds of the Βι¶ΉΣ³» Foundation are invested, and the Foundation will be free to invest and reinvest the gifts in real, personal, or mixed property, and in such a manner that appears to the Board of the Βι¶ΉΣ³» Foundation to be in the best interest of the University. However, the Steinmann Scholarship Endowment Fund endowment principal from gifts shall always remain inviolate and only the investment income (which includes interest income, rents, cash dividends, stock dividends, and appreciation) shall be available for spending.
The Board of the Βι¶ΉΣ³» Foundation will award all of the investment income spendable payout money generated by the Steinmann Scholarship Endowment Fund as one Steinmann Scholarship Award each year. Currently, the Βι¶ΉΣ³» Foundation's normal spendable payout rate annually is 4.50% on a 3-year rolling average of the market value of the endowment principal, as calculated as of June 30 each year, for allocation for spending the following July 1 (the beginning of the Βι¶ΉΣ³»'s fiscal year). The spendable payout of the Steinmann Scholarship award will be approximately 4.50% x $100,000 = $4,500 per year. If the Steinmann Scholarship money is not awarded, in whole or in part, for some reason, that money not awarded shall be returned to the endowment fund so that the endowment fund can grow.
A student is eligible to receive a Steinmann Scholarship award who a) is enrolled in Βι¶ΉΣ³» as a full-time undergraduate student majoring in business; b) has financial aid need according to the usual policies and practices of the University; c) is a citizen or a legal resident of the United States; and d) has a cumulative grade point average of 3.0 or better. Dr. Steinmann requested that the Steinmann Scholarship be awarded to a different student each year, so it is likely that that student scholarship awardee will be a student who is beginning his or her senior year in the University's College of Business.
In addition to this Website Entry, Sterling and Frederick have created a Handout which describes the Steinmann Scholarship Fund which will be handed to and emailed to the Steinmann Scholarship Awardee each year. Also, a Wall Plaque describing the Steinmann Scholarship Endowment Fund has been hung in the Dean’s Office at The College of Business.
Frederick Steinmann was born in 1978 in Saint John, New Brunswick, Canada, and grew up in Morinville, Alberta, Canada. He moved to Reno, Βι¶ΉΣ³» with his family in 1991. He earned his B.S. in Economics in 2002, and his M.S. in Economics in 2004 at the Βι¶ΉΣ³». He had applied to and was accepted into the Ph.D. program in Economics at the University of Oregon, starting in fall, 2005, but he decided to defer his enrollment in order to work for a few years for the City of Reno's Redevelopment Agency and then for the Βι¶ΉΣ³» Small Business Development Center. As a result, he became very interested in local government and economic development.
Frederick’s father, Michael G. Steinmann, began his Ph.D. program at the University of Southern California State (USC) Capital Center in Sacramento in the fall of 1997, at age 51. He was fortunate to take several courses from Prof. Chester A. “Chet” Newland, including seminars in Public Administration, Administrative Theory, Organizational Behavior, Public Management, Public Policy, Operations Management, and Research Methods. In 1999, after he had completed his doctoral coursework at USC, he began writing his doctoral dissertation, with Dr. Newland serving as his Advisor and Committee Chair. Unfortunately, he suffered a severe heart attack the day after Thanksgiving, 1999. The heart attack nearly killed him, left him comatose for about a month, and threatened to end his lifelong ambition to earn his Ph.D. Thankfully, he awakened from his coma on Christmas Day, 1999. Thereafter, he gradually began to recover from his heart attack and coma, but he thought that completing his Ph.D. was not possible. However, Dr. Newland had faith in Michael, and he encouraged Michael to continue to work on his dissertation. Despite the demands of his physical recovery, Michael worked closely with Dr. Newland over the next four years and nine months to complete his dissertation, titled “Alberta’s Economic Development of the Athabasca Oil Sands,” and he successfully defended it to his Doctoral Committee on October 8, 2004. In May, 2005, Michael Steinmann received his doctoral diploma from Dr. Newland at the Graduation ceremony at the USC State Capital Center in Sacramento. It was a great day for the Steinmann family. They were ecstatic when they saw Michael finally clutching his diploma with a big smile on his face.
It was a fortuitous day for Frederick, too, because he noticed the listing of a "Doctor of Policy, Planning, and Development" degree in the written Graduation program, and he decided to explore the possibility of pursuing his own doctorate at USC. After speaking with his father, with Professor Newland, and with other faculty members and staff at the USC State Capital Center, Frederick withdrew from the Ph.D. in Economics program at the University of Oregon and began his DPPD program at USC in the fall of 2008.
Frederick was fortunate to have Dr. Chester Newland as the professor in his first course in his first semester at USC, "Cross-Sectoral Governance." Dr. Newland had been a mentor to Frederick's father, Michael, and he became a mentor to Frederick, too. (In fact, both Michael and Frederick Steinmann were students of Dr. Newland at USC and each of them had the pleasure of having Dr. Newland as his Doctoral Advisor and Doctoral Committee Chair.) After Frederick completed his required doctoral coursework, he began work on his doctoral dissertation. During the year in which Frederick wrote his dissertation, Dr. Newland fulfilled his duties as Committee Chair and Doctoral Advisor with the expertise many doctoral students before Frederick, including Michael Steinmann, had come to expect of him.
In July, 2009, just as Frederick had finished writing the first half of his dissertation, his father, Michael, suffered his second major heart attack. Sadly, Michael did not survive this one, passing away on July 18, 2009. Frederick was devastated. In so many ways, his father had served as the second advisor on his dissertation. He had helped Frederick to understand the process of writing a dissertation and to anticipate the high standards Dr. Newland set for his doctoral students. At Dr. Michael Steinmann's funeral, Dr. Newland spoke about Michael's hard work, his determination to complete his Ph.D., and his tremendous scholarly ability. His words helped to encourage Frederick and gave him the strength he needed to carry on with writing his doctoral dissertation. Thanks to Dr. Newland’s encouragement, Frederick steeled himself, and got back to work.
As both a student in one of Dr. Newland's classes and as one of his doctoral students, Frederick learned much more than a list of theories and approaches to the administration of government. Frederick says he is a better scholar, a better professional, and a better person because he was fortunate to have Dr. Newland as his mentor. Frederick says the most important lessons he learned from Dr. Newland were an appreciation for the rule of law, a deep respect for human dignity, an appreciation for reasonableness, and the importance of humility in all the work Frederick does. Dr. Newland taught Frederick the value of speaking truth to power. As a professional, Dr. Newland said, one has to be willing to stand up to power and speak the truth, even if that means that one may have to resign or face being fired. But, with reasonableness being an important criterion in decision-making, one must always think hard about the circumstances and whether or not it is reasonable for one to fight for a particular piece of policy or legislation, given other possible goals.
With Dr. Newland's encouragement, Frederick completed his 658-page doctoral dissertation titled, "The Twilight of the Local Redevelopment Era: The Past, Present, and Future of Urban Revitalization and Urban Economic Development in Βι¶ΉΣ³» and California," and he received his doctoral degree in Policy, Planning, and Development from the University of Southern California in May, 2010. (A copy of Dr. Steinmann’s dissertation can be requested by emailing Dr. Steinmann directly, at fred@unr.edu ) His areas of study included economic development, public policy, public finance, and real estate development. Frederick felt fortunate to receive financial aid in 2008 via the William A. Carlson Fellowship from the California Redevelopment Association, so he is particularly pleased that the Dr. Frederick A. Steinmann Scholarship will provide financial help for a College of Business student each year.
In 2021, Frederick was an Assistant Research Professor and a Leadership and Economic Development Specialist in the Department of Management/University Center for Economic Development, and Director of the Βι¶ΉΣ³» Leadership Program, in the College of Business at the Βι¶ΉΣ³». He began his professional economic development career with the Reno Redevelopment Agency in the City of Reno, Βι¶ΉΣ³». Since then, he has worked for the Βι¶ΉΣ³» Small Business Development Center and the Bureau of Business and Economic Research, and for the Carson Economic Development Services Department in the City of Carson, California. Frederick has also worked as a Senior Associate for David Paul Rosen & Associates, one of the elite economic development and public policy consulting firms in California. He is currently a member of the International Economic Development Council, the American Society for Public Administration, and the American Planning Association.
Beginning in March, 2022, with the encouragement of Dr. Thomas Harris, who had served as the Director of the University Center for Economic Development beginning in 1992, and in partnership with Mr. Richard Bartholet, Director of Research and Director of the College of Business’s Sontag Entrepreneurship Competition, Frederick researched, wrote, and submitted a proposal to the U.S. Economic Development Administration, part of the U.S. Department of Commerce, to apply for a grant of $1.65 million to expand the Center’s economic development work all over Βι¶ΉΣ³». In July 2022, in short order, a.) UNR was informed that the grant proposal had been approved; b.) Dr. Harris stepped down as Center Director; and c.) Fred was notified that he would be appointed as the new Director of the Center. What a terrific testament this was to Frederick’s hard work for many years in community and economic development, driving so many miles to consult with leaders of towns, cities, and counties all over Βι¶ΉΣ³», and his taking the initiative to write the transformative grant proposal. Great work, Frederick!
The new five-year grant from the U.S. Economic Development Administration, through the Economic Development Administration’s University Center program, will enable the University Center for Economic Development at the Βι¶ΉΣ³» to expand its programming and scope of work. This effort will incorporate direct collaboration between the University Center for Economic Development and the Βι¶ΉΣ³» Governor’s Office of Economic Development and each of the eight regional economic development authorities that operate across the state of Βι¶ΉΣ³». The $1.65 million five-year total project cost of this five-year grant, which begins in July, 2022 and ends in June, 2027, includes $825,000 directly from the U.S. Economic Development Administration, $125,000 in cash-match from the Βι¶ΉΣ³» Governor’s Office of Economic Development, and $50,000 and $25,000 in additional cash-matches from Dragonfly Energy and the Βι¶ΉΣ³» Small Business Development Center, respectively.
Over the next five-years, the University Center for Economic Development will focus its efforts on providing direct technical assistance efforts, the completion of applied research in the areas of community and economic development, and the dissemination of information. The University Center for Economic Development will further broaden its existing Comprehensive Economic Development Strategy (CEDS) outreach and support efforts to include Indigenous communities and federally recognized Native American colonies, communities, and reservations within the state. CEDS planning and implementation activities will include expanded efforts by the Βι¶ΉΣ³» Small Business Development Center and the Ozmen Center for Entrepreneurship, both part of the College of Business at the Βι¶ΉΣ³», to support small business and entrepreneurial-based pre-launch planning and post-launch survival and growth, with special emphasis on rural areas, women, minority groups, and other underserved and/or disadvantaged populations. Recovery and resiliency, workforce development, and environmental-sustainability development will remain priority areas of additional focus. Advanced regional commercialization efforts, advancing high-growth entrepreneurship, cultivating innovation, encouraging business expansion in identified regional innovation clusters, and increasing the overall resiliency of Βι¶ΉΣ³»’s statewide economy and the local and regional economic base of individual communities and economic regions throughout the state of Βι¶ΉΣ³» are anticipated outcomes of the University Center for Economic Development’s efforts over the next five years.
Sterling Franklin earned his B.A. in Political Science at Stanford in 1968. He gained his teaching credential from USC in 1969 and taught at Morningside High School in Inglewood, California from 1970 to 1972, gaining his MSEd. in 1970 from USC. He then attended Loyola Law School (Los Angeles) and received his JD in 1975. He received his MPA in Public Administration from USC in 1976. He has worked for several non-profit organizations and has practiced insurance defense law. His primary interest is controlling world over-population. He has been a Trustee of the Morris S. Smith Foundation since the Foundation was established in 1993. Sterling was a personal friend of Morris Smith. Sterling met Frederick Steinmann at Frederick’s doctoral graduation ceremony at the USC School of Policy, Planning, and Development (now the USC Sol Price School of Public Policy) State Capital Center in Sacramento in May, 2010, and they became friends. They have been friends ever since. Sterling is now age 76, retired, and he lives in the Los Angeles suburb of Van Nuys, in the San Fernando valley.
If you or your friend or acquaintance would like to donate to the Dr. Frederick A. Steinmann Scholarship Endowment Fund, please contact the Βι¶ΉΣ³» Foundation directly by phone at (775) 784-1587 and ask for information on how to support the “Dr. Frederick A. Steinmann Scholarship Endowment Fund”. For more information about the Βι¶ΉΣ³» Foundation, visit the Foundation’s website.
Or, please send a check made out to “Βι¶ΉΣ³» Foundation-Steinmann Scholarship Endowment Fund” to:
Executive Director of Development
Βι¶ΉΣ³»
Morrill Hall Ground Floor #10
1664 N. Virginia Street
Mail Stop 0007
Reno, NV 89557-0007
Best wishes to you, the recipient of the Dr. Frederick A. Steinmann Scholarship award. Dr. Frederick Steinmann and Sterling Franklin were delighted to establish the Dr. Frederick A. Steinmann Scholarship Endowment Fund at Βι¶ΉΣ³» to provide College of Business students with scholarships for many years to come. We wish you good luck on your business studies and in your business career. If your education contributes to your financial success, please think about establishing your own scholarship endowment fund to benefit Βι¶ΉΣ³» College of Business students. Best wishes!
Spring 2018 Awardee: Janelle M. Tayam, Class of 2019
Janelle M. Tayam, Class of 2019, was an Accounting Major and a Computer Science and Engineering Minor. At UNR, she was actively involved as a member of the Zeta Iota chapter of Beta Alpha Psi, the honorary accounting society, dedicating at least 20 hours each semester to professional and community service activities. She helped in the IRS Volunteer Income Tax Assistance (VITA) program in 2018, where she provided free tax preparation services to low-income people. She graduated Magna Cum Laude in May, 2019, and she passed all four parts of her CPA exam. She is working as a tax consultant at Deloitte in Las Vegas, where she hopes to combine her knowledge of accounting, computer science, and engineering to provide outstanding services to clients.
Photo taken at the College of Business Honors & Awards Banquet in April 2018 at the Peppermill Hotel in Reno. From left: Sterling Franklin (Trustee, Morris S. Smith Foundation), Janelle Tayam (Awardee), and Dr. Frederick Steinmann (Assistant Research Professor, College of Business).
Spring 2019 Awardee: Isabelle F. Kline, Class of 2020
Isabella F. Kline, Class of 2020, was a dual major in Finance/ Accounting and Economics. Her grade point average put her in the top 10% of College of Business students, so she was invited to join Beta Gamma Sigma, the scholastic honor society for business students sponsored by the Association of Advanced Collegiate Schools of Business (AACSB). After her graduation in May, 2020, she planned to obtain the Certified Managerial Accountant certification, and to study for and pass the CPA exam, then pursue a career in public accounting for 3-5 years, and then earn her MBA. She wants to become a CFO or a Financial Controller of a major hospital.
Photo taken at the College of Business Annual Honors & Awards Banquet in April 2019 at the Atlantis Hotel in Reno. From left: Dr. Chester Newland (University of Southern California, Retired), Dr. Gregory Mosier (Dean, College of Business), Isabella Kline (Awardee), Sterling Franklin (Trustee, Morris S. Smith Foundation), and Dr. Frederick Steinmann (Assistant Research Professor, College of Business).
Spring 2020 Awardee: Alex Pham, Class of 2021
Alex H. Pham, Class of 2021, is an Information Systems major at the University. He is actively involved in the Founding Chapter of Lambda Psi Rho Fraternity, which promotes leadership, pride, and respect, which are all traits it has instilled in Alex. He is currently employed at the Asian Community Development Council which is a non-profit and non-partisan organization that offers a variety of services from voter registration to immigration assistance to help promote the engagement of the Asian community in Reno. Alex has a strong desire to better his community and always looks for ways to give back.
Photo taken at the College of Business Annual Honors & Awards Banquet in April 2020 at the Peppermill Hotel. From left: Dr. Chester Newland (University of Southern California, Retired), Sterling Franklin (Trustee, Morris S. Smith Foundation), Alex Pham (Awardee), Dr. Gregory Mosier (Dean, College of Business), Mrs. Simi Raffiee, Dr. Kambiz Raffiee, (Associate Dean for Graduate Programs and Research, College of Business); and Dr. Frederick Steinmann (Assistant Research Professor, College of Business).
Spring 2021 Awardee: Celso Gonzalez Lopez, Class of 2022
Celso Gonzalez Lopez, Class of 2022, is majoring in Economics. After graduation, he plans on a career in data analytics or market research analysis. He will be the first member of his family to graduate from a four-year university. He is a member of Nu Alpha Kappa, a non-exclusive Latino-based fraternity which values culture, pride, and academics. NAK has helped his academic and personal growth tremendously. One of his goals is to open up his own coffee shop in the Reno area. He discovered his passion for coffee when he traveled to Chiang Mai, Thailand, and visited many local coffee shops. He loves learning about the intricacies of coffee and he is constantly experimenting by brewing new coffees. He hopes to make his parents proud by opening and succeeding with this small business.
Spring 2022 Awardee: Isaiah W. Hedberg
Isaiah W. Hedberg, Class of 2022, was an Economics major and a French minor. He grew up in a small farming town in Minnesota where poverty and drug abuse were problems. He is the first member of his family to attend a university, and he was able to attend the University with the help of scholarships. He is trying to set an example for his siblings and his community that with hard work, young people can succeed. He has mixed race heritage, Hispanic and white, so he has learned two cultures and two languages, and this has given him a broad world view. He was on the Council of the Βι¶ΉΣ³» Residence Hall Honorary, and he consistently made the College of Business's Dean's List. He attended the University of Minnesota Law School in fall 2022, but after that, he decided to go to work for a financial services company in Minneapolis.
Photo taken at the College of Business Annual Honors & Awards Banquet in April 2022 at the Atlantis Hotel in Reno. From left: Dr. Gregory Mosier (Dean, College of Business), Isaiah Hedberg (Awardee), Sterling Franklin (Trustee, Morris S. Smith Foundation), and Dr. Frederick Steinmann (Assistant Research Professor, College of Business).
Spring, 2023 Awardee: Naomi Quirarte
Naomi Quirarte, Class of 2024.
Photo taken at the College of Business Annual Honors & Awards Banquet in April 2023 at the Grand Sierra Resort in Reno. From left: Dr. Gregory Mosier (Dean, College of Business), Dr. Chester Newland (Retired Professor, USC School of Public Administration, USC Sacramento Center), Naomi Quirarte (Awardee), Dr. Frederick Steinmann (Research Professor, College of Business, and Director of the University Center for Economic Development), and Sterling Franklin (Trustee, Morris S. Smith Foundation).
Spring 2024 Awardee: Andrew Olender
Andrew Olender, Class of 2024.