Madlyn and Michael Hanes Fund Trustee Scholarship
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Dr. Madlyn L. Hanes, Penn State Harrisburg's Chancellor from 2000-2010, and her husband, Dr. Michael Hanes, have established a Trustee Matching Scholarship at the college, following other donors who have made financial commitments toward creating these unique scholarships which aid needy students.
The Madlyn and Michael Hanes Trustee Matching Scholarship provides financial assistance to undergraduate students enrolled or planning to enroll at Penn State Harrisburg who have a demonstrated need for funds to meet their necessary college expenses.
Penn State's Board of Trustees approved the groundbreaking philanthropy program in 2002 that makes donors partners with the University in supporting students. Through the Trustee Matching Scholarship Program, scholarship endowments will have their average payout matched, in perpetuity, from the University's operating budget.
For Trustee Scholars, receiving scholarship support can often make the difference between affording an education and giving up on their dreams. The unique matching scholarship initiative is aimed at keeping high-quality college education accessible to all qualified students, regardless of their financial means.
In consideration of the donors' willingness to support this important initiative, the University will make annual additions to the spending account for this scholarship equal to five percent of the initial pledge. The University will also match at five percent any additional contributions to be made to this fund prior to June 30, 2007 for this purpose. The Trustee Matching Scholarship will be administered by the Office of Student Aid. Each scholarship will be awarded for one academic year and may be renewed for subsequent years providing the recipient continues to meet the conditions of eligibility.