Arthur Haberberger '59, chairman of the Lycoming College Board of Trustees, and his wife, Joanne, have established The Chairman's Challenge. Because of their belief in the value of a liberal arts education and in an effort to increase the Lycoming College endowment, they have generously offered to help donors reach the minimum commitment of $25,000 to establish an endowed scholarship.

Art and Joanne will invest $5,000 toward a new endowed scholarship established with your gift of $20,000. The name of your scholarship is your choice and can be named after a family member, in memory of a loved one, or yourself. The Development Office can help you develop criteria to give preference to students in certain academic fields of interest or who possess specific attributes.

The endowment is the financial foundation upon which the institution's future lies and is a true indicator of its strength. In 1990, Lycoming's endowment was about $17 million. Today, thanks to the generous support of our donors and strong fiscal policy, the College has more than $134 million in funds under management.

The endowment is invested by the College's fund managers and a portion of the earnings is used each year in perpetuity to fund scholarships, professorships and other funds as designated by donors.

Approximately 95% of Lycoming students require some kind of financial aid to attend the College. The endowment provides a permanent funding base for financial aid and enables students to attend Lycoming regardless of their ability to pay.

The College is excited to announce The Chairman's Challenge and is grateful to Art and Joanne for creating this opportunity for our donors and our students. As with any gift to the College, you can fund your scholarship with cash or appreciated securities. The Haberbergers hope you will join them by investing in something as promising as the futures of Lycoming College students.

For more information or inquiries, please contact Jennifer Wilson, director of development, at 570.321.4395, or wilson@lycoming.edu.