Central Penn College - Education Foundation endowment exceeds $3 million goal

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May 17, 2013 Education Foundation endowment exceeds $3 million goal

Central Penn College Education Foundation Director Matt Lane recently announced to the foundation’s board of trustees that the organization’s endowment surpassed its $3 million monetary goal for need-based student scholarships at the beginning of the month. The education foundation is a 501(c)(3) nonprofit organization with a sole mission to raise funds to support Central Penn College students through scholarships.

“Each dollar the foundation raises makes a difference in someone’s life,” says Lane. “We all took a few minutes to celebrate this milestone, but quickly reminded ourselves that our work is not done.”

The foundation’s mission is to remove financial barriers for not just some students, but all of them, so they can obtain employment or advancement in their chosen field, continue their education and be contributing members of society. The board of trustees works to advance the education foundation each year. A total of 63 students received scholarships through the foundation so far in 2013. Since the foundation began distributing scholarships in 2004, the organization has awarded nearly 800 students scholarships, totally more than $500,000.

“Many Central Penn students are the first in their family to go to college and have few opportunities for support,” says Lane. “The foundation helps responsible, motivated and service-minded students stay at Central Penn. Scholarship recipients span a range of ages, home locations, majors and backgrounds.”

The Central Penn College Education Foundation formally established an endowment fund in 2004. Each year, interest and income are distributed from the endowment fund for need-based scholarships while the principal is never spent. Endowment scholarships make up a large part of annual aid given by the foundation. The endowment is overseen by the foundation’s board of trustees, which includes finance committee members with extensive professional experience in financial asset management. The trustees lead the Foundation through their expertise, their knowledge of the local community and their belief in the power of philanthropy to change lives.

This year’s golf open—the foundation’s only annual fundraising event for student scholarships—will take place at the Rich Valley Golf Course on August 16. To learn more or donate to the foundation, visit www.centralpenn.edu/foundation.

Board of Trustees

Jennifer Buehler ’91, chair

Janis Peck, vice chair

Karen Holtzman, secretary

Timothy Engle, treasurer

Dr. Dilip Abayasekara

William Boles, immediate past chair

Justin Coleman ‘06

Jennifer Delaye

Karen Gladstone

Phyllis Hicks

Michelle (Walter) Meiser ’93, president, alumni association

Merrick Shook

Curtis Voelker ‘12

The Central Penn College Education Foundation provides scholarships to Central Penn College students who exhibit strong attributes for career success, despite financial challenges. To learn more about the Central Penn College Education Foundation 501(c)(3) or to make a gift for student scholarships, visit www.centralpenn.edu/foundation or call Matt Lane at 717-728-2263.