Established on 11.29.1989 by Lance Stover and a Committee of Physics Alumni 

The Carl Bailey Endowment Fund designates 50% of the annual income to award one or more scholarships, and the other 50% is designated for science equipment purchases. The scholarship is awarded by the Office Financial aid to one or more junior or senior year science students, with a preference for physics majors or minors. Selection is based on financial need and scholastic achievement. The fund portion for equipment is used for science equipment replacement an additions, with preference for the physics department.