DULUTH, GA – Crown Asset Management, LLC is proud to announce the establishment of three endowment scholarships in memory of Larry C. Vasbinder, Jr., a beloved friend, colleague, and visionary leader. Larry, who passed away on October 5, 2024, was well known not only as the Founder and President of Second Round but also as a mentor, inspiration, and true friend to many in the industry. Crown encourages its colleagues, partners, and friends to contribute to these endowments in memory of Larry.

“These scholarships reflect the best of who Larry was—a family man, a leader, a scholar, and an athlete,” said Brian K. Williams, Founder and CEO of Crown Asset Management. “Larry’s impact on those around him was profound, and it’s our honor to ensure his legacy continues to inspire and support others. Through these endowments, future generations of students and athletes will benefit from his enduring spirit and commitment to excellence.”

The newly established endowments reflect the significant impact Larry had throughout his life—personally, professionally, and within his community. Each endowment honors one of Larry’s core passions: his family, his professional journey, his alma mater, and his love for football. Crown Asset Management, LLC and its founder, Brian K. Williams, have each contributed seed gifts to permanently fund these scholarships, which will remain open to public contributions to further Larry’s enduring legacy.

Larry C. Vasbinder, Jr. Memorial Endowed Scholarship in Accounting

This scholarship celebrates Larry’s deep connection to accounting—the field that laid the foundation for his successful career. Both Larry and his wife, Holly, shared a talent for math and majored in accounting. 

Larry often credited Holly as “the best stroke of luck I’ve had in my life” and praised her influence in making him “twice as good a person.” Together, they were immensely proud of their two daughters, Madison and Haley. 

Established with a $50,000 initial contribution by Crown Asset Management, LLC, this scholarship supports deserving students at Baylor University’s Hankamer School of Business, with preference given to students in the graduate year of the BBA/MA joint degree and, secondarily, to students in the Master of Accountancy program.

Larry C. Vasbinder, Jr. Memorial Endowed Scholarship

Honoring Larry’s status as a first-generation college graduate, this scholarship pays tribute to his parents, Algerine and Larry C. Vasbinder, Sr., whose support was instrumental in his academic journey. 

This endowment, also created by Crown Asset Management, LLC with an additional $50,000 initial contribution, provides financial assistance to Baylor University students, with preference given to those enrolled in the “First in Line Program” and, more broadly, to other first-generation college students—continuing Larry’s legacy of perseverance and achievement.

Larry C. Vasbinder, Jr. Memorial Endowed Excellence Fund for Baylor Football

This fund commemorates Larry’s enduring passion for football and, in particular, Baylor Football. A standout athlete at Yorktown High School, Larry earned a scholarship to Baylor University, where he was a three-time letterman for the Bears. 

Established with an initial seed gift of $50,000 by Brian K. Williams, this fund is designed to support Baylor’s Football Program, reflecting Larry’s lifelong dedication to the sport and his love of Baylor football in particular.

Continuing Larry’s Legacy

Larry C. Vasbinder, Jr. left an indelible mark on the receivables management industry and on everyone privileged to know him. His leadership, generosity, and unwavering commitment to excellence shaped not only his own company but also elevated the broader community of professionals in the space. Through these scholarships and the opportunities they create, Larry’s legacy will continue to empower students and athletes for generations to come.

Again, Crown Asset Management encourages colleagues, partners, and friends to contribute to these endowments in celebration of Larry’s life and to help further the meaningful work that reflects his values and vision.

To contribute, please visit the following links:

About Crown Asset Management

Founded in 2004, Crown Asset Management, LLC, is a professional receivables management firm that specializes in the acquisition of non-performing accounts. The team, through its robust Compliance Management System, prioritizes compliant collection efforts and the ethical treatment of its consumers across its outsourced servicing (or Servicer) platform. Crown Asset Management is a RMAI Certified Receivables Business headquartered in Duluth, GA.