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Friday, April 1, 2016

Palumbo Charitable Trust Grows Scholarship Fund

Joe Palumbo, board member for the A.J. and Sigismunda Palumbo Charitable Trust, presents a check to Chancellor Melanie Hatch to support the The Palumbo Scholarship at Penn State DuBois.

DuBois – The A.J. and Sigismunda Palumbo Charitable Trust has donated an additional $30,000 to a scholarship fund that will help students attain an education at Penn State DuBois. The fund, The Palumbo Scholarship at Penn State DuBois, was established in 2008 with a $25,000 gift from the Palumbo Charitable Trust. To date, the trust has gifted $300,000 to campus scholarship funds.

The scholarship is intended to provide recognition and financial assistance to outstanding undergraduate students enrolled, or planning to enroll at Penn State DuBois, who have a demonstrated need for funding. All students who have achieved superior academic records, or those who show promise of outstanding academic success, will be considered for funding from the scholarship. However, first consideration will be given to students from Elk County.

Joe Palumbo, an A.J. and Sigismunda Palumbo Charitable Trust board member said the trust was created by his late uncle, A.J. It helps to carry on the legacy of A.J., and his wife, Sigismunda.

A.J. Palumbo lived from 1906 until 2002, and amassed a fortune through hard work in the coal mining industry. Today, educational institutions, healthcare facilitates, and youth organizations continue to benefit from his hard work through the A.J. and Sigismunda Palumbo Charitable Trust.

Each year, more than $350,000 in scholarship dollars is awarded to Penn State DuBois students through over 50 individual scholarship funds. The scholarships established through the generosity of donors, with the assistance of the campus’ Office of Development, help to assure an affordable and accessible education remains in reach for area students.

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