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Establishing Scholarships

Retired professor Richard J. Weilminster(ret.) and his wife Kathleen established a student scholarship fund.

Lycoming County Paralegal Assn. established student scholarship fund.

Mechanical Contractors Assn. establish association's Foster McCarl Jr. Scholarship fund for HVAC and Building Automation Technology students.

Williamsport Technical Institute alumni gather for reunion and establish endowed scholarship fund.

WTI alumni establish endowed scholarship fund at reunion

Scholarship funds are a key component of Pennsylvania College of Technology’s efforts to help students succeed. Funds can be established in honor of, or in memory of, a family member, a friend, a co-worker, a student, a faculty member, or a mentor. Additionally, many companies create scholarship funds to help increase their corporate presence at Penn College. Scholarship award recipients are selected based on criteria determined by the donor.

Penn College offers several options for establishing a scholarship fund:

Endowed Scholarship*: Established to honor or memorialize an individual, to create a corporate presence at Penn College, or to promote the needs of Penn College students. An Endowed Scholarship provides a permanent funding base from which scholarships can be awarded. The fund principal must be $25,000 for awards to be made. Endowed Scholarship funds can be established with an initial gift of $25,000 or more, or through gifts totaling $25,000 or more over a period of up to four years. Once the account principal has reached $25,000, the revenue earned on that principal provides the funding for annual awards. The donor or other interested parties may make additional gifts to the fund at any time.
Limited Duration Scholarship: Established to create scholarship awards for a specified period of time (e.g., the money is equally divided and awarded over the number of years specified). The donor makes a lump-sum contribution of at least $1000 to establish a Limited Duration Scholarship, and annual awards to students will be at least $500. The donor or other interested parties may make additional gifts to the fund at any time.
Annual Award Scholarship*: Established by individuals, businesses, or organizations who prefer contributing a gift on at least a yearly basis to provide scholarship awards. The donor makes an annual contribution of at least $500 with that amount awarded in full during the same year.

* Donors may also establish an Annual Award Scholarship while building an Endowed Scholarship. Penn College can make awards immediately from the Annual Award Scholarship, while an endowed account is created over the pledge/payment period of up to four years; scholarships can subsequently continue to be awarded from the Endowed Scholarship fund.