College receives $1 million grant for student financial aid

College receives $1 million grant for student financial aid

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WILLIAMSPORT, Pa. - Lycoming College celebrates the announcement of a $1 million grant from the Donald B. and Dorothy L. Stabler Foundation of Harrisburg, Pa.

One of the largest gifts the College has received dedicated solely for scholarship support, the grant will establish the Donald B. and Dorothy L. Stabler Endowed Scholarship Fund. The fund will support students from central and eastern Pennsylvania who exhibit financial need and academic promise. The grant is particularly significant in that it will benefit multiple students each year, in perpetuity.

"This is an exceptional gift at a time of exceptional need," said Dr. James Douthat, president of the College. "As we celebrate our bicentennial year and continue to offer students a distinguished liberal arts and sciences education, we are deeply grateful for the confidence the Stabler Foundation has placed in our mission, commitment and capability."

With the need for financial support among Lycoming students increasing by more than 10 percent in the last year alone, the College has allocated more than $22 million, approximately half of its annual budget, to assist those who would not otherwise be able to enroll at the College. More than 98 percent of Lycoming students receive financial aid.

"Lycoming College and the Stabler Foundation both believe in managing resources to make the greatest benefits and resources available to students," said Chip Edmonds, vice president for college advancement. "From our beginnings 200 years ago, Lycoming has been dedicated to creating educational opportunities for students from all backgrounds. We are excited about the ways this gift from the Stabler Foundation will allow us to further those efforts."

The two organizations also share a commitment to cultivating a culture of philanthropy. In accordance with the vision of the Stablers, recipients of the Stabler scholarship will sign a letter of intent acknowledging a "debt of conscience" – a moral obligation to support the students who will come after them by making financial contributions to their alma mater in years to come.

The Stabler Foundation was established in 1966 exclusively for charitable, religious, scientific, literary or educational purposes.

Founded in 1812 and celebrating its bicentennial during the 2011-12 academic year, Lycoming College is a national liberal arts and sciences school dedicated to the undergraduate education of 1,400 students. It offers 35 academic majors and is recognized as a Tier 1 institution by U.S. News & World Report. Located near the banks of the Susquehanna River in Williamsport, Pa., Lycoming is one of the 50 oldest colleges in the nation.