Michelle Lones creates the Elizabeth Lones Endowed Scholarship at Pitt Community College, honoring her daughter's legacy of giving nearly 10 years after her passing.
Pitt Community College (PCC) has received a significant gift from Michelle Lones in the form of an endowed scholarship. This scholarship, named the Elizabeth Lones Endowed Scholarship, honors the memory of Michelle's daughter, Elizabeth, who passed away nearly a decade ago.
The creation of an endowed scholarship signifies a lasting tribute. The fund will provide financial assistance to deserving students at Pitt Community College in perpetuity. This ensures that Elizabeth's legacy of giving will continue to impact students for generations to come.
Endowed scholarships are crucial for students seeking higher education. They provide a stable and consistent source of funding, allowing students to focus on their studies and achieve their academic goals. The Elizabeth Lones Endowed Scholarship will help alleviate the financial burden for future PCC students.
Endowment funds are invested, and a portion of the investment earnings is used to award scholarships each year. The principal remains untouched, creating a sustainable source of scholarship funding.
Michelle Lones' decision to establish this scholarship demonstrates a deep commitment to honoring her daughter's memory and supporting the mission of Pitt Community College. It is a testament to the enduring power of family and the importance of investing in education.
The Pitt Community College Foundation plays a vital role in managing and distributing scholarship funds. The Foundation works with donors like Michelle Lones to ensure that their gifts are used effectively to support students. They are responsible for managing the investment of the endowment and awarding scholarships according to the donor's wishes.
The PCC Foundation supports the college by:
The Elizabeth Lones Endowed Scholarship will provide opportunities for students who may not otherwise be able to afford higher education. It will empower them to pursue their dreams and contribute to the community. This gift serves as an inspiration for others to support Pitt Community College and its students.
This scholarship will assist students with:
