Tuesday, January 17, 2012
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Kinzie-MLK scholarship gets boost from Woods Foundation

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[January 17, 2012]  Deb Ackerman, Lincoln College vice president for institutional advancement, made an important announcement at the fourth annual Joyce Kinzie/Martin Luther King Jr. breakfast.

HardwareAckerman, who is on the scholarship committee, told those gathered that efforts have been under way to make the annual $1,000 scholarship ($500 per semester) an endowed scholarship.

Ackerman explained that with $20,000 invested as an endowment, 5 percent could be used each year to provide the scholarship. With continued community support and investment income, that would make the scholarship available in perpetuity.

Ackerman stated that through the breakfasts and business donations, the committee has collected over $4,000. But she was pleased to tell those on hand that the Woods Foundation has decided to become involved in the scholarship fundraising, advising her that they will match funds up to $10,000 to help get the endowment started.

The Woods Foundation donation was made possible through the generosity of Robert J. Woods and Joan Jarrett Woods, who established and funded the foundation to carry on their long history of philanthropy.

The new scholarship is open to any ethnic minority student enrolled at or planning to attend Lincoln College. To be considered, eligible students must have graduated from a Logan County high school with a minimum 2.0 grade-point average. 

[Text from file received]

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