*In 1956, Dwight D. Eisenhower was the president, the #1 song was Heartbreak Hotel by Elvis Presley, the New York Yankees won the World Series, and the Pennsbury Scholarship Foundation (PSF) was born as a private 501(c)(3) non-profit foundation that operates independently of the Pennsbury School District.
*This year the PSF is celebrating 65 years of service to the Pennsbury School District community.
*Scholarship awards are half grant and half interest-free loan. Repayment of the loan is flexible.
*The graph shows how much money one saves with an interest-free loan vs. a loan with interest. The interest avoided makes the scholarship that much more valuable.
*It would take a student working about 100 hours at $15 /hour just to earn as much as the PSF’s minimum award.
*Approximately half of all applicants win an award.
*Students can apply their senior year of HS and the first three years of college.
*A blind screening process is used. Personal information is kept private and used only to contact award winners.
*PSF has awarded about 3.5 million dollars in its history to help students defray the cost of school.
*All applicants have a chance to win due to the selection formula. Four criteria used are: Character, Leadership, Academic Achievement and Need.
*PSF records indicate that it is the oldest scholarship foundation serving a public school in the USA.
*Through all of the changes that have taken place since 1956, two things have remained constant: the PSF’s mission to assist Pennsbury graduates and the need for volunteers to help carry out the PSF goals (to volunteer call the PSF at 215-428-4145 or email firstname.lastname@example.org).
*To make a tax-free donation, go to the PSF website, or mail a check to: Box 338, 134 Yardley Avenue, Fallsington, PA 19058.