The Carr Academic Scholarship Foundation was established after Robert G. Carr’s death in 1978. Mr. Carr bequeathed all of his interests in oil, gas and other minerals to be held in a trust. The purpose of the trust was to provide funds for the establishment of academic scholarships for needy and worthy students enrolled at Angelo State University. In 1987, his wife, Nona K. Carr, left an identical will and gave her half of the couple’s interests to the foundation.
In 1980, the Robert G. and Nona K. Carr Academic Scholarship Foundation received a payment of approximately $3 million from the mineral and royalty interests from oil and gas producing properties in 16 West Texas counties. As an expression of their confidence in the faculty and administration of Angelo State University and their deep commitment to education, the Carrs made significant financial provisions for ASU.
The first Carr Academic Scholarships, totaling $350,000, were awarded to students in the fall of 1981. The Carr Foundation assets currently surpass $130 million, and the interest from the principal helps support one in every three students at ASU.