TC Faculty Association donates $40K toward scholarship fund

The Texarkana College Faculty Association recently presented a check for $40,000 to the TC Foundation to establish an endowed scholarship fund.

Members of the Faculty Association annually award up to 10 student scholarships through funds gathered through faculty payroll deductions and memorial donations. Now, as a permanent endowment, the fund can continue to grow through donations and through interest earned on the principal investment.

“When the Faculty Association was established approximately 50 years ago, an important goal was to invest in our students. Collectively, TC faculty donate approximately $5,000 annually to Faculty Association scholarships for students,” said Kim Penney, TC Faculty Association president.

Penney said faculty members recommended the establishment of the endowed fund to ensure scholarships in perpetuity.

“Members felt that investing our monies into TC’s foundation would increase sustainability and potential returns on our investment,” Penney said. “TC faculty have been dedicated to meeting the educational needs of our community for 90 years, and this endowed fund sets the stage for continued support in years to come.”

Other officers include Vice President Ken Smith, Treasurer/ Campus Representative Curt Langford and Secretary Dianna Kinsey. Doug Saffel is chairman of the Faculty Association Scholarship Committee.

“We are so fortunate to have caring faculty at TC who support our students not only through their time and effort but also through scholarships,” said Katie Andrus, TC Foundation director. “We want to honor the Faculty Association today for supporting our students through their generous donations.”

Andrus said the permanent endowment will ensure students continue to benefit from the faculty’s generosity for many years. For more information or to make a donation, contact Andrus at 903-823-3125 or katie.andrus@texarkanacollege.edu.