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Mahoney Endowed Scholarship |
 Long-time
volunteers Dean and Colleen Mahoney established an endowed
scholarship in 1991 focused on increasing access for Hispanic and
Native American students. The Mahoney’s understood the challenges
many students have in paying for higher education, and they have
been passionate about ensuring all students have the opportunity to
pursue degrees. Colleen's work with the Idaho Human Rights
Commission in the 1970s and her State Board of Education experience
cemented her commitment to higher education for under-represented
students. Dean passed away in July of 2011 and Colleen continues
their passionate belief that all students have access to educational
opportunities. The Mahoney’s also supported LCSC sports by being
members of the Scholarship Club which helps fund the Women Warriors
basketball team. Colleen carries on that tradition today.
This scholarship is awarded to a Native American or Hispanic
full-time student carrying a minimum of 12 credits, has a minimum
cumulative grade point average of 2.5 and demonstrates financial
need.
 For
the past 3 1/2 years the scholarship recipient has been Mayra Albor
from Homedale, Idaho. Mayra is married and has a 3 year old son
named Isaiah. The Mahoney Scholarship has made it possible for her
to continue her education in pursuing a nursing degree.
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The Gene and Virginia Leach
Memorial Endowed Scholarship |
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 The
Gene T. Leach Scholarship was established in 1997 when Mr. Leach was
killed at Potlatch Corporation while unloading pipe from a rail car.
Mrs. Leach died in 2006 and the scholarship was renamed the Gene and
Virginia Leach Memorial Endowed Scholarship. Mrs. Leach was the
Assistant to the Registrar for 25 years. They enjoyed campus theatre
and those who taught and performed. They also shared a love of
basketball and delighted in sitting out in all kinds of weather
watching the Warrior baseball team long before it had bleachers.
Their daughters, Elizabeth Chavez and husband Jerry, Debbie Hansen
and Emily Flynn. Elizabeth says “The reason Jerry and I, and my
sisters, continue to support LC is so simple, “Education isn’t just
an investment in one person, it’s an investment in our community,
state and country.”
The scholarship is awarded to a female student who is enrolled in
education and who is entering their student teaching program or to a
student who are physical education majors. Students must carry 12
credits per semester and have a minimum cumulative grade point
average of 3.0. |
An endowed scholarship is a wonderful way to leave a
legacy for Lewis-Clark State College — a legacy that will last
virtually forever. An endowed scholarship is one in which a
principal amount is contributed and held in perpetuity to support
the purposes of the endowment. Only a portion of the earnings are
spent each year.
How much does it cost?
The minimum amount to establish an endowed scholarship with the LCSC
Foundation is $25,000.
The principal may be established with a gift
of cash or appreciated securities, or through a bequest.
Additional
gifts may be made to the scholarship fund at any time and may be
designated by the donor as additions to the principal or supplements
to the annual distribution.
What does it entail?
Endowing a scholarship is a fairly simple process and involves the
completion of two forms.
The first establishes the guidelines of the
scholarship — what type of student will be eligible to apply.
The
second confers responsibility of managing and investing the
endowment to the LCSC Foundation.
What should be considered?
As endowed scholarships by their nature are enduring, and because
the one thing the future will surely bring is change, it is
important for the guidelines establishing the purpose of an endowed
scholarship to be as inclusive as possible.
Those interested in
setting up an endowed scholarship are encouraged to meet with the
Director of College
Advancement early in the process of establishing
the scholarship.
Our staff can help design a scholarship that
appropriately reflects the wishes and interests of the donor while
keeping the scope of the scholarship broad enough to remain useful
into the distant future.
How much will be awarded?
The Foundation’s current endowment spending policy makes provision
for annual scholarship distribution amounts which total 4% of the
five-year moving average of the market value as of December 31st of
each year.
