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Posts Tagged ‘Mary E Shaner Scholarship Fund’

Today marks the 5th anniversary of the organization of the Clarion County Community Foundation as an affiliate of Bridge Builders Community Foundations on March 13, 2007.  The role of the community foundation is to serve in perpetuity as local trustees for endowed trust funds dedicated to various charitable needs and nonprofits within its service area.

Today we placed ribboned flowers on the grave stones of our two memorial donors, Mary E. Shaner for the Mary E. Shaner Scholarship Fund for Keystone High School, and Ralph M. Eccles for the Rimersburg Medical Center Fund.  This is fulfilling one of the four pledges a community foundation makes when accepting the trusteeship of an endowed fund.

First, the community foundation pledges to adhere to the donor’s instructions; and if it must accept changes to do so as instructed by the appropriate court of law.

Second, the community foundation pledges to invest and protect the fund for growth and income in a prudent manner.

Third, the community foundation pledges to keep the fund in compliance with all Federal and state laws and tax codes.

Fourth, the community foundation pledges to honor and maintain the memorial as instructed by the donor.  Charles Marlin

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The Clarion County Community Foundation meet on September 21, 2011, to take action on a number of items.  We accepted with regret the resignation from our Board of Jane Schautz who has served since our second meeting April 18, 2007.  Jane will continue active in community affairs, so all is not lost.

We approved a non-endowed CCCF Discretionary Fund for donations toward current and future operational needs such as brochures.  This new fund must now be approved by the Bridge Builders Community Foundations Board of Trustees.

We heard from the BBCF Board donations to our CCCF Unrestricted Endowment Fund from April through July 2011 were $1,270.00  The market value of the CCCF funds as of May 31, 2011, were Mary E. Shaner Scholarship Fund $118,262.85; Rimersburg Medical Center Endowment Fund $52,276.64; and the CCCF Unrestricted Endowment Fund $7,258.13

Our next CCCF Board meeting will be at 5:15pm on November 16, 2011.

Pictured above, from left to right, are Bill Kaufman who returns to the Board as a member after his stint as Interim Executive Director; Trenton Moulin who is our newly appointed Executive Director of BBCF; and Barry McCauliff who as Vice President presided at the CCCF Board meeting.  Charles Marlin

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The Mary E. Shaner Scholarships for 2011 were recently awarded; and they went to Katie Kohlenberg who plans to attend Clarion University, Bryan Botts who plans to attend Clarion University, and James Gillen who plans to attend Penn State Erie, The Behrend College.

In the photograph, from left to right, are Katie Kohlenberg, KHS Principal Vicky Walters, Bryan Botts, and James Gillen.

Mary E. Shaner was a life time resident of the Knox area.  Her career was spent first in local classrooms, and then as librarian at Keystone High School, Knox PA.  A bequest in her will established the scholarship fund at Keystone that bears her name, entrusted to the Clarion County Community Foundation, an affiliate of Bridge Builders Community Foundations.  Charles Marlin

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The Board of Directors of the Clarion County Community Foundation met September 15, 2010, and accepted the resignations of Randy Vossburg and Anne Day from the Board.  Mary E. Brooks was elected to fill a partial term on the Board.  The remaining vacancy will be filled in the future.

A report on fund balances as of July 31, 2010, show Mary E. Shaner Scholarship Fund For Keystone High School at $105,356.50; Rimersburg Medical Center Fund at $43,575.16; and the Unrestricted Grants Fund at $4,972.10.

There were discussions on brochure development and on a proposed symposium on estate planning.  The next meeting will be Wednesday, October 17th at 5:15pm.  Charles Marlin

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                      Mr ? Man

# 9  What is the most popular field-of-interest fund?

Mr?Man thinks these are very important questions for every donor and friend of community foundations.

Those funds that are created to respond to grant applications in the community without restrictions are called unrestricted grants funds.  They may have as their field-of-interest all of Clarion County or a township or community such as New Bethlehem, Rimersburg, Sligo, or Clarion.  A qualified nonprofit located within the field-of-interest may submit a grant application.

Clarion County Community Foundation has an all county field-of-interest fund named The Unrestricted Grants Fund, but that would not prevent a donor from creating a fund specifically for their community.

# 10  What about scholarship funds?

Scholarship funds are familiar to everyone because they are often used to memorialize a former student, coach, teacher, or family.  Scholarship funds are a separate type of fund from a field-of-interest.

They are usually restricted to graduating seniors from one or two local high schools, and list the criteria for selecting the scholarship recipients.  The fund committee is often made up of people associated with the school or person memorialized.

For example, CCCF has the Mary E. Shaner Scholarship Fund, created by a bequest in Ms Shaner’s will, for graduating seniors at Keystone High School.  Ms Shaner was a lifetime resident of the Knox community and taught as well as served as librarian in the school district.

# 11  Can anyone donate to a scholarship fund that is already established?

Yes, a donor can select any scholarship fund listed for the community foundation, and make a donation.  Even if the fund has been in existence for generations, donations are always welcomed.  Many scholarship funds are created by a circle of friends and family and supported by various charitable events held each year.  Charles Marlin

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On Saturday, March 13, 2010, the Clarion County Community Foundation celebrates its third anniversary of service to Clarion County.  As we did last year, we will place a flower and ribbon on the graves of donors who created endowed trusts with the community foundation.

We will visit the Salem Lutheran Cemetery for Mary E. Shaner who created the Mary E. Shaner Scholarship Fund at Keystone High School.  She was a long time teacher and librarian in the Salem and Knox communities.

We will visit the Rimersburg Cemetery for Ralph M. Eccles who created the Rimersburg Medical Center Fund, only one of many charitable gifts he gave to Rimersburg and Southern Clarion County.

To add a bit of spice to our Founders Day, anonymous friends of CCCF have joined the Guerilla Givers  started by a family in Vancouver.  The family anonymously leaves small gifts of money or coupons in public places.  The clear plastic bag contains the gift, a wish of Have a great day! and their blog address.  No obligation other than to enjoy.  If you google Guerilla Giving you can follow their adventures in giving and how the idea has spread.  The original Vancouver address is http://guerillagiving.org with a wonderful interview “The Guerilla Givers” written by Andy Levy-Ajzemkopf at www.charityvillage.com   You can check out the Calgary action at http://guerillagivingcalgary.wordpress.com 

If you find one of our guerilla gifts and would like to respond anonymously, please do so, but you may remain silent if that is your preference.  Have a great day!  Charles Marlin

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The Scholarship Committee of the Mary E. Shaner Scholarship Fund met May 20, 2009, at the Keystone High School in Knox to select recipients of the 2009-10 scholarships.

Recipients are evaluated on the basis of academic achievement and financial need.  They must be graduates of Keystone High School and either attending or planning to attend Thiel College, Clarion University, or Penn State University.

For 2009-10 the size and number of scholarships awarded is based on a 1.90% payout rate of the three previous years average market value.  This approach is approved by law and is meant to lessen the effect of wide changes in market value of the trust from one year to the next.  This year three scholarships for a total of $1,950.00 were awarded.  Last year there were three scholarships for a total of $3,750.00.  Two years ago there were three scholarships for a total of $3,600.00.

 

Anyone may donate to the Mary E. Shaner Scholarship Fund by writing a check to the Clarion County Community Foundation and on the memo line writing Shaner Fund.  Mail the check to CCCF, P O Box 374, Oil City PA 16301. All donations are welcome.  A donation honors Shaner and all those dedicated teachers who have taught at Keystone, and a donation honors the spirit of the Keystone students and the good community surrounding Keystone.  Charles Marlin

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mary1To celebrate Founders Day March 13th, the Clarion County Community Foundation placed flowers on all the memorial donor graves. Here is Mary E Shaner’s in Salem Lutheran Cemetery later on March 30th with the Founders Day flower covered with a dusting of snow. Mary created the Mary E Shaner Scholarship Fund through a bequest in her will for scholarships at Keystone High School in Knox. She was both a teacher and librarian in the district for many years. Charles Marlin

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01Clarion County Community Foundation celebrates our second anniversary and Founders Day on March 13, 2009. Board members and staff are happy and proud of our work in these first two years and mark March 13 as Founders Day. To honor Founders Day we placed a ribboned flower on the grave of each memorial donor who established an endowment fund or for whom an endowment fund is named.

For the Mary E. Shaner story and picture, go to the December 2008 Archieves on the right of your screen, and look for Highlighting Mary E. Shaner Scholarship Fund. Her grave is in the Salem Lutheran Cemetery, and her ribboned flower reads:

In memory of Mary E. Shaner

Mary E. Shaner Scholarship Fund

Clarion County Community Foundation

Founders Day March 13th

For the Ralph M. Eccles story and picture, again go to the December 2008 Archives on the right of your screen, and look for Highlighting The Rimersburg Medical Center Fund. He and his wife Ella M. are buried in the Rimersburg Cemetery, and his ribboned flower reads:

In memory of Ralph M. Eccles

Rimersburg Medical Center Fund

Clarion County Community Foundation

Founders Day March 13th

Participating in the Founders Day celebration were Nancy Kurtz-Lewis and Charles Marlin. Charles Marlin

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shaner-2a

Established in 1994 from a bequest in the will of Mary E. Shaner, the scholarships awarded from the fund are for graduating seniors at Keystone High School, Knox PA. The scholarship committee includes members of Mary E. Shaner’s family, the Keystone High School administration, the pastor of the Salem Lutheran Church in Lamartine, the Executive Director of Bridge Builders Community Foundations, and the Board President of the Clarion County Community Foundation.

The committee considers grade point average, financial need, and occupational plans. Preference is given to students enrolling in Clarion University, Penn State University, or Thiel College. To receive the scholarship the following year, the applicant must receive a minimum 2.75 cumulative grade point average on a 4.0 point scale for one semester. The scholarship will not be paid until the foundation receives the applicant’s official transcript for the previously completed semester.

Ms Shaner, age 95, died May 16, 1994. A life-long resident of Clarion County, she attended Clarion State Teachers College and Penn State University. For 47 years she was a teacher and librarian in the Salem Township School in Lamartine and the Keystone High School in Knox, until her retirement in 1964. She is buried in the Salem Luthern Cemetery.

Although the market downturn and recession has battered all trust funds, current loses are not likely to do long term damage because of the investment policy followed by the CCCF. Funds are invested for long term growth with moderate income. The high risk associated with investments earning a high return are avoided. During a downturn new money is invested not because an investment advisor believes a bottom has occurred, but because down markets are generally a good time to invest long term.

For information and assistance in creating a new scholarship fund with the CCCF, contact our Executive Director Steve Kosak at (814) 677-5085 or Board President Charles Marlin at (814) 797-2233. Thanks to Opal Watkins Johnston for the photograph of Miss Shaner at work from the Keystone 1961 Yearbook. Charles Marlin

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