ISSUED: 25 March 2021
MEDIA CONTACT: Valerie Owens
SHEPHERDSTOWN, WV — Shepherd University has received a second donation of $50,000 from the Manne Family Foundation for the Stanley Manne Last Dollar Fund.
Last year, Shepherd received the initial $40,000 donation that established the Stanley Manne Last Dollar Fund, with the first awards made in fall 2020. During the current academic year, the Manne Last Dollar Fund has helped clear the financial challenges for 34 students for a total of $39,678. The average student award was $1,180.
The Stanley Manne Last Dollar Fund helps undergraduate students who are experiencing financial challenges and who are trying to clear their semester bill by providing funds for tuition, books, and room and board. Funds are awarded to students with high financial need and limited or exhausted financial resources, allowing them to stay in school and eventually graduate.
“On behalf of our wonderful students whose dream it is to attend college and start an exciting career, I extend my heartfelt appreciation to the Manne Family, who recognize the life-changing opportunities afforded by an education ” said Dr. Mary J.C. Hendrix, Shepherd president.
Shepherd created the initial Last Dollar Fund in fall 2017. The Manne Family Foundation’s support of the effort has allowed the Shepherd University Foundation to raise $170,466 to clear the financial challenges of 128 students. The additional $50,000 gift from the Manne Family Foundation will benefit many more Shepherd students who use this last resort financial support to earn their college degree.
The Manne Family Foundation is a Chicago-based private independent organization that was founded in 1997 by Stanley Manne, a retired business executive. Manne most recently served as president of Brawny Plastics, a firm that manufactures products including industrial plastic bags and consumer products. After graduating from Bronx High School of Science in 1952, he went on to earn a chemical engineering degree at Columbia University in New York and an M.B.A. from the University of Chicago.
For more information about this fund, contact Sherri Janelle, executive director of development, Shepherd University Foundation, at sjannelle@shepherd.edu, or P.O. Box 5000, Shepherdstown, WV, 25443-5000, 304-876-5043, or visit https://shepherduniversityfoundation.org.
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