Scholarship Funding

CONTRIBUTIONS TO OUR MEMORIAL SCHOLARSHIP 02-01-2013

In July a scholarship will be dedicated to our deceased members who have had contributions made in their memories. Adele Fussner and Edith Scott in memory of member Les Bennett. Marylou Ritz, Jane Hostler, the Foldessy family and friends in memory of Alice Foldessy.

CONTRIBUTIONS TO SCHOLARSHIPS 2-01-2013

The Bica Family has donated $1,000 in memory of Teresa Bica. A separate scholarship will be given in her name.

SCHOLARSHIP ENDOWMENT FUND FORMED

Our Future Teacher Scholarship Program has grown from a single $300 scholarship to $7,000 in awards this year. The Board has taken steps to ensure the program will continue to grow by creating an endowment account. Funds earmarked for scholarships have been deposited in long-term investments with a higher yield than savings or CDs.

You can contribute to the endowment in a number of ways. Members often send additional money when they make luncheon reservations or contribute if they are unable to attend a PCRTA meeting. Memorials to deceased members provide scholarship funds. When the memorials equal the amount of a scholarship, the scholarship is presented in the name of the deceased. Leaving a portion of an estate through a will or naming PCRTA as a life insurance beneficiary can provide long-lasting memorial scholarships.

PCRTA members should share their thoughts and wishes with their family and consider including the PCRTA scholarship endowment in their plans.

February 2007

PCRTA's first scholarship was $100 granted in 1994. The amount was increased to $200 in 1999, $300 in 2002, $500 in 2006, and to $1,000 in $2007. Seventy future teachers have received PCRTA scholarships. Money for books and expenses is helpful, but the recognition and support are significant to students planning to become teachers. We are one link in the future of these potential teachers.

Our scholarship fund is supported by contributions, memorials, and volunteer efforts. Northeast Ohio Universities College of Medicine and Pharmacy makes a significant contribution to the fund in appreciation for our members who volunteer to proctor tests.

Contributions are often made to the fund by members who see value in supporting these future teachers. Some people add a little extra to their luncheon reservations designating the extra money to go to the scholarship fund. Other members send direct donations.

Making a memorial contribution is a worthy way to leave a lasting tribute. This year memorials have been made in the names of Mabelle Apley, Theresa Bica, Carol McGill, Betty Murray, and Virginia Patton. Money was also contributed to the scholarship fund from the estate of Mabelle Apley, a PCRTA member who retired from Kent City Schools.

Consider the PCRTA Future Teacher Scholarship Fund when you do your estate planning. If an obituary requests that memorials be made to PCRTA, the notice should include the address of the current treasurer. A card will be sent to acknowledge all memorial contributions. Consult your financial planner or attorney to designate a portion of your estate for this worthy purpose.