W.B. Kania & Associates Trustee Scholarship to aid Fayette campus students
The W.B. Kania & Associates Trustee Scholarship has been established at Penn State Fayette, The Eberly Campus to provide financial assistance to students enrolled at the campus. The scholarship was made possible by a gift of $25,000 from W.B. Kania & Associates, matched by $25,000 from Joe Hardy, campus chairman of For the Future, The Campaign for Penn State Students. Annual scholarships will be awarded from the fund beginning with the fall of 2012 semester, with first preference given to students who are Fayette County residents.
Speaking on behalf of W.B. Kania & Associates, Paul L. Kania, CPA, explains, “Our firm has always stood behind the local community and placed a great value on higher education. When the Joe Hardy matching scholarship challenge was presented to us, we were very pleased to have the opportunity for our cash gift to be matched in its entirety by Joe’s generosity. The university’s trustee matching scholarship program provided an added incentive, essentially quadrupling the impact of our gift.”
Campaign Chairman Joe Hardy noted, “I thank Kania & Associates for stepping up to the Hardy matching scholarship challenge with such a generous contribution to our capital campaign. The impact of such a scholarship on current and future students is the reason I volunteer my time toward the campus capital campaign effort, and was the impetus for my issuing the challenge.”
Penn State Fayette Chancellor Dr. Francis K. Achampong says the new scholarship provides a valuable opportunity for students to attend the Fayette campus. “We owe a debt of gratitude to Kania & Associates for its investment in our students. We also deeply appreciate the generosity and leadership of Joe Hardy, our campaign chair.”
W.B. Kania & Associates is a full-service certified public accounting firm that was founded in 1958. Its clients range in size from large multi-state corporations to small single member sole-proprietor organizations in the retail, insurance, real estate, heavy equipment rental, mining equipment, and construction industries. The firm prides itself in providing close, personal attention to its clients and in the staff’s years of advanced training, technical experience and financial acumen.
The Trustee Matching Scholarship Program is designed to keep a Penn State education accessible to all qualified students, regardless of their financial means. The program has a unique matching component—the University matches 5 percent of the principal of each gift annually and combines these funds with income from the endowment to effectively double the financial impact of the scholarship. Implemented in 2002 upon approval by Penn State’s Board of Trustees, the program assisted approximately 4,400 students University-wide last year.