Established in 2008, the creation of this scholarship is to memorialize Dr. Foster C. Rinefort's former student, Dr. Li Zhang, by attracting academically talented students to attend Eastern Illinois University, further strengthen their academic credentials, and provide financial support for those endeavors. Those eligible to receive this scholarship shall be a student accepted to the Eastern Illinois University MBA program, maintaining a cumulative GPA of 3.0 (on a 4.0 scale), and fulfilling certain basic requirements which include good character, academic promise, and career promise as demonstrated by academic and professional performance. Financial need is a consideration. The selected recipient may be eligible to receive the award one additional time provided he/she continues to meet the stated criteria. The award shall be announced and paid in the Spring semster to Eastern Illinois University to first be applied against costs (tuition, fees, housing, etc.) associated with the recipient attending EIU.