Aero Club awards $35,000 in Scholarships, 2014

On June 19, 2014, the Aero Club of Pennsylvania Memorial Scholarship Fund awarded $35,000 in aviation scholarship awards to 13 young men and women residing in the Philadelphia area. The annual scholarship dinner is held at the Philadelphia Aviation Country Club at Wings Field in Blue Bell, PA. The Eastern Pennsylvania Chapter of The Ninety-Nines also awarded $9000 in scholarships to five women at the dinner.

The Aero Club of Pennsylvania has been awarding aviation scholarship through its affiliated scholarship funds for over 75 years. Since 2001, the club has awarded over $200,000 in scholarships. The funds are raised from a combination of donations, fundraisers, and investment income. The scholarship enrollment period begins each spring.

The Aero Club “Formula”: Many years back, the Aero Club scholarship trustees established a formula to help provide generous scholarships while also growing its own endowment fund. Each year, the club uses 100% of new donations plus one half of the year’s investment income for awards. In this way, donors can make an immediate impact while the fund can grow and provide greater impact over time. In lean investment or donor years, the fund is still sufficiently funded to provide generous awards.

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