Frank and his wife, Gladys, established their scholarship in 1975 to provide financial assistance to “such students as Lake Superior State College deems worthy and who lack sufficient financial resources to pay for his or her college education. ” Frank was the president of Manistique Pulp and Paper Co. until his retirement in 1970. In addition to his affiliation with the paper mill and its parent company, Field Enterprises, Inc., he was active in local and regional businesses and civic circles. He was the first chairman of Lake Superior State College Board of Control, served as co-chairman of Operation Action U.P. and was named Upper Peninsula’s “Man of the Year” in 1970. As testimony to his commitment to Lake Superior State College and to the Eastern Upper Peninsula, LSSC erected the bell tower with the Frank S. Hoholik Victory Bell prominently displayed in front of the LSSU Norris Center.