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Sebring Elks Club Scholarship

Submitted by on March 12, 2010 – 2:02 pmNo Comment
Richard Stover presents Don Appelquist with a donation toward the Sebring Elks Club endowed scholarship.

Richard Stover presents Don Appelquist with a donation toward the Sebring Elks Club endowed scholarship.

The Sebring Elks Club recently donated $2,000 to South Florida Community College to continue funding an endowed scholarship for needy and deserving students.

The Sebring Elks Club began funding this scholarship for SFCC students in 2007. It has donated $8,000 to the scholarship since its inception. “Scholarships are a part of being an Elk,” said Richard Stover, Sebring Elks Lodge #1529 trustee. “In the past, we awarded one-time scholarships for high school students, but they could only receive it once. We wanted to create a scholarship that recipients would be eligible for every year, so we decided to create this endowed scholarship with SFCC.”

To be eligible for the scholarship, applicants must be under the age of 26 and have graduated from a high school in Highlands County, must be a United States citizen, must be enrolled or accepted for enrollment at SFCC on a minimum of a one-half time basis, must demonstrate financial need, and must have a grade point average of 3.0 on all past high school or college work. Preference will be given to children of Elks Club members, Elks Club members themselves, and U.S. veterans who are also members of Elks Club.

For each of its endowed scholarship funds, the SFCC Foundation, Inc. maintains a spending policy of 4.0 percent of the endowment corpus calculated on a three-year running average. The funds are eligible to be matched dollar for dollar by the Philip A. Benjamin matching program of the state of Florida and may be used to cover any expense associated with educational costs.

            “Last year, the SFCC Foundation, Inc. was able to award over $400,000 in scholarship assistance to students,” said Don Appelquist, executive director, SFCC Foundation, Inc. “But we were only able to do that because of donations from generous citizens and organizations like the Sebring Elks Club.”

            Students can apply for this scholarship or learn more about it through the SFCC Financial Aid Office at 453-6661, ext. 7254.

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