A name 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.
The Shane Perkins Memorial Scholarship was established to benefit a non-traditional nursing student who demonstrates caring, helpful and compassionate traits. Shane Perkins was born and raised in Walla Walla, WA. After graduating high school, Shane spent one year in the Coast Guard pursuing an opportunity to become a Coast Guard Officer. After one year with the Coast Guard, Shane decided he would prefer to help others by becoming a nurse. Shane came to LCSC to pursue a bachelor’s degree in nursing. A primary driver of his decision to pursue a degree in nursing was a desire to help others and make a difference in people’s lives. Shane possessed great humility, compassion and wisdom beyond his years.
Unfortunately, Shane never got the opportunity to help others as a nurse. With about one semester remaining to complete his degree, he suffered complications during a routine surgery and passed away. It was later determined that these complications were caused by a rare undiagnosed lung cancer.
Shane’s parents, Lee and Shannon Perkins, and brother, Seth Perkins, with help from many who knew Shane, established this memorial scholarship in Shane’s name as a way to honor his memory and to help Shane continue to help others.
The Lt. Col. Howard A. Hayes, USAF Endowed Scholarship was established to benefit a child of a parent who: has passed away in the line of duty in the United States Armed Services; who is a disabled veteran or who served in the U.S. Armed Services. Lt. Col. Howard A. Hayes was a veteran of World War II. In Korea, he was a pilot of a B-26 Invader bomber with the 90th Bomber Squadron, 3rd Bomber Group. He, with a three airman crew, was reported missing on December 27th, 1952 while on a combat mission. The Air Force never found the plane or the crew. They are officially listed as missing/killed in action and assumed to have been hit by a surface to air missile over Korea. His loving wife, Clara, a social worker, raised their six children (five boys and one girl), ages two through ten, in Springfield, Illinios. For his leadership and valor, Lieutenant Colonel Hayes was awarded the Distinguished Flying Cross, the Air Medal with Oak Leaf Cluster and the Purple Heart.
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.