For the fifth consecutive year, The Donald B. and Dorothy L. Stabler Foundation has awarded Lebanon Valley College a grant to increase financial aid through the college’s Stabler Scholarship Fund.
This year’s grant of $720,000 is the largest one-year award from the foundation to LVC.
Stabler Scholarships reduce loans for high-achieving, low-income students and their families. During the 2018-19 academic year, 39 students from central and eastern Pennsylvania received these need-based scholarships as part of their financial aid packages.
The additional support will benefit several additional students.
“Families work so hard to make sure their children can get an exceptional education that leads, clearly and directly, to meaningful employment,” said Dr. Lewis E. Thayne, LVC president. “LVC makes those outcomes possible, and Stabler Scholarships allow families to realize their dreams for their students.”
The College has provided $877,629 to 124 Stabler Scholars since it received the first grant from the foundation in 2009. The fund currently stands at $4.52 million, making it the largest endowed scholarship fund at LVC.
Stabler Scholars do not need to repay their scholarship but are encouraged to make charitable donations back to the college once they have graduated to pay forward the generosity of the Stabler Foundation and all those who support scholarship funds. To date, 76 LVC Stabler Scholarship recipients have graduated, and nearly half have donated back to their alma mater already. Learn more about how gifts expand LVC’s educational and social impact.