Petrolia Alumni Scholarship Fund
Petrolia Alumni Scholarship Fund
The Petrolia Alumni Scholarship is now managed by the Wichita Falls Area Community Foundation. Contributions continue to be received by generous donors and are always accepted and appreciated to grow the endowed fund.
You can contribute to the Petrolia Scholarship Fund several ways:
Send a check.
Donate with your Credit Card
From your IRA’s RMD
Contribute Stock from your portfolio
Designate the PESA in your Will or Trust
Make a donation to help grow the Petrolia Alumni Scholarship Fund at https://wichitacf.fcsuite.com/erp/donate/create?funit_id=1693
Make your check out to "Wichita Falls Area Community Foundation." Make sure the memo reads - “Petrolia Alumni Scholarship”. If needed, the WFACF's Tax ID is 75-2817894. Mail your checks to: Wichita Falls Area Community Foundation, 2405 Kell Blvd., Ste. 100, Wichita Falls, TX 76308
Questions maybe sent to Leslie Mayo Schaffner, a proud Petrolia Pirate-Class of ’79 @ 940-766-0829 or by Email.
Petrolia Alumni Scholarship Fund (PASF):
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History of the PASF:
During their 50-year reunion, the 1954 Petrolia graduating class established the Petrolia Alumni Scholarship Fund (PASF) to assist deserving, qualified graduates of Petrolia High School with initial college expenses.
The PAS Fund received an initial "seed" contribution from Mr. and Mrs. E.O. Martin, former Petrolia High School Principal. Other contributions quickly followed. Your TAX Deductible Contribution will help grow the Fund's Principal to assist deserving Petrolia Graduates.
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After completing and filing the necessary forms and reports with the IRS, on February 17, 2006, the PASF was recognized by the IRS as a Public Charity (Non-Profit) under section 501(c)(3) of the IRS code. Enabling, your contributions to the PASF to be tax deductible. Everyone is encouraged to generously support the PASF.
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In 2007, the PASF awarded the first scholarships from the fund earnings to two graduating PHS seniors. The Second Annual Charity Concert benefiting the PASF was held on August 11, 2007 at 7:00 PM in the Petrolia High School Auditorium.
The Fund has given out around $23,000 in scholarship money to deserving Petrolia High School Seniors since awarding the first scholarship in 2007.
Photo to the left: Two PASF scholarships were awarded in May, 2022 at the WFAC Foundation's annual scholarship reception. The Petrolia HS recipients were Quade West and William Flowers. William bound off for MSU (TX) to major in Finance and Quade headed to Texas Tech to major in Agri-science. Between the recipients is Leslie Mayo Schaffner, the WFACF's President and Petrolia Graduate.
Your IRA Annual RMD
Maximize your contribution to the Petrolia Alumni Scholarship Fund by sending it from your IRA's Annual RMD. This is typically sent by check from the entity holding or managing your IRA (Fidelity, Schwab, etc.)
Checks should be made out to "Wichita Falls Area Community Foundation." Make sure the memo reads - Petrolia Alumni Scholarship Fund. If needed, the WFACF's Tax ID is 75-2817894.
Have Checks mailed to:
Wichita Falls Area Community Foundation
2405 Kell Blvd., Ste. 100
Wichita Falls, TX 76308
Anyone who makes a contribution to the fund will receive an acknowledgement email or card/letter that confirms the donation that can be used for tax purposes. If you don’t receive confirmation correspondence from the foundation in a couple of weeks after sending your donation, you may contact the WFACF to make sure the funds were received and have them send you a confirmation/receipt.
Stock Donations
Also, if anyone wants to make a stock donation to the fund, they can handle that as well.
Contact the Foundation for wiring and transfer instructions at 940-766-0829.
The Petrolia Alumni Scholarship Fund
The Petrolia Alumni Scholarship Fund (PASF) awarded the first scholarships in 2004. The PASF was created to assist deserving, qualified graduates of Petrolia High School with initial college expenses. Consider donating to this worthy cause - https://wichitacf.fcsuite.com/erp/donate/create?funit_id=1693
Petrolia Ex-Student Association, Texas, 7585 FM 810, Petrolia, TX 76377 - admin@pesatx.org
© 2023 PESA
