Five Million for Scholarships
August 8, 2011
The Geisler Penquite Foundation awarded Central with $5 million for scholarships, committing to $100,000 per year. The gifts will alternate between the Geisler and Penquite Endowed Scholarship Funds.
The scholarships will be awarded to juniors and seniors accepted into the teacher preparation program. When completely funded, the gift will support 48-50 renewable scholarships of $5,000 for 12 new students in the elementary and secondary education programs.
A second part of the gift is an endowment of the Geisler Penquite Educational Excellence Fund. The endowment will be used to enhance educational opportunities in teacher preparation and performance.
The Geisler Penquite Foundation makes annual contributions to the library endowment, the Harold and Mavis Geisler Scholarship Fund and the Loren and Cecil Penquite Scholarship Fund. The Geisler and Penquite families have funded scholarships, buildings and statues totaling more than $1.6 million.