WILLIAMSPORT, Pa. — A significant gift from the Brook J. Lenfest Foundation will help Pennsylvania College of Technology students overcome financial barriers to higher education.
Brook J. Lenfest, the foundation’s founder and the chairman of NetCarrier Inc., visited Penn College on Tuesday, Sept. 29, to announce the $2 million contribution, which represents the largest one-time cash gift in the college’s history.
Combined with a matching $2 million gift from the Penn College Foundation, the contribution will establish the Brook J. Lenfest Endowed Scholarship Fund.
The fund will support three distinct initiatives:
- Creating scholarships for incoming students graduating from the Mastery Charter School system in Philadelphia.
- Providing Emergency Scholarship awards for currently enrolled students who are facing unexpected financial challenges that are threatening their ability to continue their education.
- Supporting Gap Scholarships for hardworking and deserving prospective students who are looking for the last bit of support to unlock their access to a Penn College education.
“The impact of this extraordinary gift will be felt for generations to come, not only by the students who directly benefit from it, but by the employers they serve, the families they support, and the communities they help build,” said Penn College President Michael J. Reed.
Lenfest said that he believes education and the opportunity to pursue the American dream are great equalizers.
“What I noticed very quickly is that while a great education can be an equalizer in this country, the quality of the education many have access to is anything but equal,” he said. “I have tried to put a small dent in leveling the playing field for those motivated to improve their lives through hard work, determination and the pursuit of a great education.”
He lauded the partnership with the Penn College Foundation to impact twice the number of Penn College students.