Local colleges both secure $720,000 grants
The Donald B. and Dorothy L. Stabler Foundation has awarded two $720,000 grants — one being a seventh consecutive grant to Lycoming College, bringing its total contributions to the college to $4.22 million, and another awarded to Penn College, now totaling $2.25 million in scholarship support.
The Donald B. and Dorothy L. Stabler Foundation was established in 1966 exclusively for charitable, religious, scientific, literary or educational purposes.
With gifts such as this grant, Lycoming is able to bolster its financial aid offerings and fine-tune admittance practices, choosing talented students who best fit with the mission of the college, regardless of their financial need.
The gift from the Stabler Foundation allows Penn College to offer first-year scholarship support of $5,000 each for up to an additional six students.
Recipients of the Stabler Endowed Scholarship sign a letter of intent to support the students who follow after them with a commitment to make financial contributions back to their alma mater in the future.
“Our ability to continue to offer these prestigious Stabler scholarships at Lycoming College has helped us attract even more talented students to our campus,” said Chip Edmonds, executive vice president.
“This generous additional gift enables us to provide up to six more scholarships to students in need so that they may continue their education with us. Such support is crucial to the success of many of our students, who we like to call ‘tomorrow makers,’ because of their impact on the workforce and within their communities after graduation,” said Davie Jane Gilmour, president at Penn College.