Contact
Information:
Lewis-Clark State College
College
Advancement
500 8th Avenue
Lewiston, ID 83501
TEL: 208-792-2458
FAX:
208-792-2201 |
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The Gene and Virginia Leach
Memorial Endowed Scholarship
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The Gene
T. Leach Scholarship was established in 1977 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 at LC 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 are Elizabeth Chavez, Emily Flynn, Debbie
Hansen, and Valerie Hodge. 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 or a physical education major. Students must
carry 12 credits per semester and have a minimum
cumulative grade point average of 3.0.
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Named Endowed Scholarships
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.
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