PSU news by
Penn State's student blog

Topics

About

Alumni Association Allocates $1.5 Million Toward Student Scholarships

Penn State’s Alumni Association announced today it is pledging $1.5 million to support students at Penn State in the form of a scholarship fund that will be dispersed over the next five years.

The scholarship endowment is part of the “A Greater Penn State for 21st Century Excellence” campaign, a fundraising initiative that will soon launch across the university. The idea for the gift was proposed by Alumni Association VP Steven Wagman last year and will come from the organization’s Margin of Excellence Fund, which was created at the beginning of the millennium for such philanthropy.

“We believe in Penn State students collectively as the foundation and future of this great university,” Alumni Association President Kevin Steel said in a release. “This gift provides an opportunity for us to recognize students individually in a way that we hope eases their financial concerns, helps them stay focused academically, and shows them that their alumni family supports their success.”

Spread out over the course of five years, the $1.5 million will be split into $300,000 per year. The first year of the gift will be allocated as follows:

  • $100,000 to Penn State Law students who received their undergraduate degree from Penn State.
  • $50,000 to set up a general scholarship in the College of Nursing
  • $150,000 to the Alumni Association Trustee Scholarship

 

After the first year, the funds will all go into the Alumni Association Trustee Scholarship, which was founded in 2003 and has since helped more than 230 Penn State students. In order to receive the scholarship, a student must show a need for financial assistance (students who are Pell Grant eligible). The median GPA for scholarship recipients is historically a 3.8, as Trustee Scholars are described as those who make the most of their Penn State education.

“This gift is an example of the impact the Alumni Association has on Penn State and the overall student experience,” Alumni Association CEO Paul Clifford said. “Thanks to visionary leadership from Steve Wagman, Kay Salvino (immediate past president), and other volunteers who over the years have laid the groundwork for our philanthropic program, the Alumni Association will increase its direct impact through these important scholarships.”

The largest dues-paying alumni association in the country has long given back to the university and those who make it what it is — students. Penn State’s Alumni Association gifted $2.1 million to the For The Future campaign, which allowed for 35 Trustee Scholarships. It also endowed $150,000 to CAPS last year when the Class of 2016 decided to use their class gift as an endowment to the service.

About the Author

Lexi Shimkonis

Lexi is an editor-turned-staff writer who can often be found at either Irving's or the Phyrst (with the chances she'll have her backpack being the same). Lexi is a senior hailing from Spring City, PA (kind of) and studying Civil Engineering. Please email questions and/or pleas for an Instagram caption to [email protected], or for a more intimate bond, follow her on Twitter @lexshimko.

Comments

More by Lexi

A Special, Precious, & Eventful Experience: Lexi Shimkonis’ Senior Column

“And here in this lovely, intriguing spot called Penn State, each of us staked our own special, precious, and eventful life.” — Ross Lehman

Homecoming To Replace King And Queen With Gender-Neutral Court

[Video] An Interview With Line Dance Leader Gina DeFrancesco

Athletics

Tony Carr Experienced ‘Greatest Feeling Of His Life’ At NBA Draft

“Just to be able to hear my name called at the NBA Draft, it’s just a dream come true.” Penn State men’s basketball guard has reached the pinnacle of the sport — entering the NBA pro ranks after getting drafted Thursday night in Brooklyn by the New Orleans Pelicans. Carr, who had to wait around […]

Pelicans GM Excited To Bring In ‘Crafty’ Tony Carr

[VIDEO] New Orleans Pelicans Select Tony Carr In 2018 NBA Draft

Tony Carr First Nittany Lion Selected In NBA Draft Since 1999

Bundling Student Tickets And Offering Options: What Penn State Can Learn

Student Life

Student Farm To Commemorate Summer Solstice With Second Annual Celebration

Penn State’s Student Farm will celebrate the longest day of the year with tours and live music Thursday evening.

Penn State Love Stories: A Chance Meeting At Beaver Stadium

Virtual Reality: Changing The Game At Penn State

Plans Submitted For New KFC In State College

Developers have submitted preliminary land development plans to build a new KFC restaurant at 1780 S. Atherton St. in State College.

Pittsburgh-Based Burger Joint BRGR Opening State College Location

BRGR was able to strike a deal for the building in the past six months or so, as the new goal is to open Happy Valley location — the restaurant’s first outside of Pittsburgh — in early January 2019.

Bream Won’t Be Charged With Perjury

Tim Bream, the former live-in adviser for Beta Theta Pi fraternity, will not face a perjury charge for his testimony at a preliminary hearing in the case.

Be the first to know

  • Top posts and the best Penn State stories

Thank you for subscribing.

Something went wrong.

Don’t Like Penn State Student Ticket Policies? Change Them.

That potential lies as much in the hands of active, informed, and opinionated students as it does in those of the profit-driven athletic departments.

Send this to a friend