The Lane-Longfield Scholarship was established by friends of the Accounting Department to honor professor emeritus of business, Dr. James E. Lane, and professor emeritus of accounting, Dr. Henry W. Longfield. Dr. Longfield received his B.S.B.E. from Illinois Institute of Technology, his MBA from the University of Denver, and his D.B.A. from Arizona State University. He joined the ISU faculty in 1969 and retired in 1992. In 1974 he became chairperson of the Department of Accounting. Dr. Longfield has been honored as a Sagamore of the Wabash (1988) and received the Indiana CPA Society Civic Achievement Award (1980). Dr. Longfield died in May 2001.