What is an endowment?

An endowment is a permanent investment in the future of Wayne State College. Endowment funds are invested, rather than used as cash for immediate needs. The amount given by the donor (the “principal”) is never spent. A portion of the earnings from the endowment fund is distributed annually for the donor’s intended purpose (ie scholarships). The undistributed earnings stay in the fund, thus growing the endowment and allowing for larger distributions in the future. Wayne State Foundation has over two hundred donor-designated endowment funds that support Wayne State College. Most of the endowments are for scholarships, but other funds support specific college departments and even the beautification of campus. At the time the donor makes a gift, the Foundation prepares an agreement which documents the donors intended use of the endowment and the Foundation’s administration of the fund.



Who invests the endowment funds?

The Wayne State Foundation Executive Committee sets an investment policy for the endowment investment pool and chooses investment managers to invest the funds. The investment managers’ investment performance is consistently reviewed by the Foundation’s Audit and Finance Committee. The Foundation’s current investment manager is Commonfund, a non-profit investment company specializing in serving the needs of colleges and universities.



How is the principal invested?

The endowment funds are diversified between fixed income and equity holdings. The asset allocation is determined by the Wayne State Foundation Executive Committee of the Foundation.



How much is made available for distributions?

The Wayne State Foundation Executive Committee establishes policies to determine the amount of the endowment that is to be made available to be awarded from endowment earnings. The current policy sets the payout target rate at up to 4% of the average market value of the endowment fund over the prior three fiscal years.



What is the minimum funding level for an endowment?

The minimum funding level for a named endowed scholarship or program endowment is currently $10,000. Donors can choose to spread their contributions over a period of up to five years.


For more information contact:

Phyllis Conner phconne1@wsc.edu
(402) 375-7543


Deb Lundahl delunda1@wsc.edu
(402) 375-7529

Kevin Armstrong kearmstr1@wsc.edu
(402) 375-7534




Endowed Scholarships and Programs


Frank Adams Endowed Scholarship
Affiliated Foods Cooperative, Inc. Scholarship
Laura Nagel Allen Memorial Scholarship
Melvin and Helen Allen Endowed Scholarship
Andersen Vaughan Endowed Scholarship
Richard and Marjorie Armstrong Dyslexia Fund
Romcyn Atelier Scholarship
Jack Backer Journalism Scholarship
Balsley - Whitmore Fund
Balsley - Whitmore English Literature Fund
Ralph and Ann Barclay Scholarship
Otto and Gladys Baumann Scholarship (2)
Otto and Gladys Baumann Football Program Fund
Otto and Gladys Baumann Women’s Athletics Fund
A.D. Benson Memorial Scholarship
Eleanor Benthack Ingram Memorial Scholarship
Walter and Phebe Benthack Scholarship
John and Marilyn Bernthal Endowed Scholarship
Brad Bigelow Endowed Criminal Justice Scholarship
Christine Marmo Birney Scholarship
Dr. Kent Blaser Endowed Scholarship
Joseph Blazek Memorial Scholarship
Bloomquist-Slutz Memorial Music Scholarship
Darold and Maxine Bobier Math Scholarship
Debbie Bonds PRIDE Endowed Scholarship
James A. Bracken Memorial Scholarship
William A. Brandenburg Memorial Scholarship
Don and Carol Bremer Education Endowed Scholarship - Laurel
Don and Carol Bremer Education Endowed Scholarship - Neligh
Don and Carol Bremer Family Endowed Education Scholarship
The Melissa K. (Ernst) Brown Endowed Softball Scholarship
Buethe Family Endowed Scholarship
George Ora and Amy Nora Burcum Scholarship
George K. Burcum Scholarship
Aletha Acers Steele Burgess Poetry Prize
Burtwistle Scholarship
Martin and Edith Buschkamp Scholarship
Albert G. Carlson Memorial Music Scholarship
Ronald G. Carlson Endowed  Scholarship
Joseph E. Carney Memorial Scholarship
Dr. Mona Casady Campus Beautification Fund
Dr. Don Cattle Endowed Scholarship
Anneliese Cawthon Memorial Scholarship
Anneliese Cawthon Student Support Fund
Monte V. Chapin Music Scholarship
Pete Chapman Memorial Scholarship
Chi Omega Sorority Alumni Endowed Scholarship
Christensen Endowed Scholarship
Roy D. Christensen Memorial Scholarship
Donna Clark Memorial Scholarship
Class of 1936 Endowed Scholarship
Class of 1937 Scholarship
Class of 1938 Scholarship
Class of 1939 Scholarship
Class of 1940 Scholarship
Class of 1941 Scholarship
Class of 1942 Scholarship
Class of 1943 – 1946 Scholarship
Class of 1947 Scholarship
Class of 1949 Scholarship
Class of 1950 Scholarship
Class of 1951 Scholarship
Class of 1952 Scholarship
Class of 1953 Scholarship
Class of 1954 Scholarship
Class of 1955 Scholarship
Class of 1956 Scholarship
Class of 1957 Scholarship
Claybaugh Family Wayne Community Scholarship
Ardath Conn Scholarship
Dr. Denton L. Cook and Vivian H. Cook Memorial Athletic Scholarship
Paul Cook Memorial Scholarship
Tom and Pat Cook Endowed Criminal Justice Scholarship
Warren A. Cook Endowed Scholarship
Bob Cunningham Athletic Fund
Bob Cunningham Student Athlete Scholarship
Bob Cunningham Academic Scholarship
Dr. Stacy Dagle Memorial Scholarship
Edythe Wrigley Dale Scholarship
Fred G. Dale Athletic Scholarship
Leland E. and Margaret J. Dannals Endowed Scholarship
Martha Roe Davenport Endowed Scholarship
De Freese Campus Ministry Fund
Freeman and Constance Decker Memorial Scholarship
Delta Kappa Gamma Endowed Scholarship
Delta Sigma Pi – Dr. Ken Halsey Scholarship
Janis Ann Dislevy Trust Endowed Scholarship
Ray K. and Marjorie L. Dover Endowed Memorial Fund
Henry Ashley Edsall Memorial Scholarship
Edward Jones Scholarship
Ellermeier Library Endowment Fund
Janice and Norman Ellis Endowed Scholarship
Eminov Family Memorial Endowed Scholarship
Family and Consumer Sciences Scholarship
David Ference Women’s Scholarship
Stanley and Mildred Griffith Fields Memorial Scholarship
First Nebraska Bank Wayne Community Scholarship (2)
Joshua Ford Memorial Endowed Scholarship
Harold and Mae Frey Scholarship
Friends of Music Scholarship
Eleanor Fuhrman Endowed Education Scholarship
Bob and Dolores Gaeta Baseball Scholarship
Daniel W. Gardner Fund for Intercollegiate Athletics
Gardner Foundation Athletic Scholarship Endowment
Garwood Scholarship
General Endowed Scholarship Fund
Mary Lou Gleason Memorial Scholarship
Gnuse-Krohn Scholarship
Karen Granberg PRIDE Endowed Fund
Ralph and Irene Gray Endowed Scholarship
Charles B. Griffin and Florence Kindler Griffin Scholarship
Mary Frances Surber Gross Endowed Scholarship
Maria Grovas Scholarship in Spanish
Gulliver Memorial Scholarship
Kent and Lois Hall Memorial Scholarship
Hanawalt Memorial Scholarship
Jenny Rae Hascall Memorial Scholarship
Jeanelle Heerman Elementary Education Scholarship
Jim and Joy Ley Hein Memorial Scholarship
Frank and Elsie Heine Memorial Scholarship
Dr. Myrle and K. Leone Hemenway Education Endowed Scholarship
Emma Lou Henney Scholarship
Coach W. Ray Hickman Memorial Scholarship
H.I.G. Endowed Business Scholarship
Donna Sonner Holmes Endowed Scholarship
Dr. Ron Holt Endowed Scholarship
Dennis and Marcia Hult Elementary Education Endowed Scholarship
Dennis and Marcia Hult Mathematics Education Endowed Scholarship
Jim and Vera Hummel Endowed Scholarship
Maxine Humphrey PRIDE Endowed Scholarship
E.J. Huntemer Scholarship
Walter G. Ingram Scholarship
Ross James and Helen Hensel James Scholarship
David and Darlene Janovy Endowed Scholarship
Dr. J.S. Johar Endowed Scholarship
Arlene S. Jones Teacher Scholarship
Cyrus V. and Francina L. Jones Scholarship Endowment
Elaine B (Lundberg) and Hayden C Jones Endowed Music Scholarship
Karen Cory Jones Memorial Scholarship
Laurence Jones Athletic Scholarship
Mildred Reed Jones Memorial Scholarship
S. Edwin Jones – Kay Corporation Scholarship
Dr. and Mrs. T.T. Jones / Helen Addy Brown Endowed Scholarship
Robert Jordan Scholarship
Paul Jonathon Ewald Jorde Pre-Med Scholarship
Barbara K. Kanter Endowed Scholarship
Dr. Jean C. Karlen Endowed Sociology Scholarship
Kay Memorial Scholarship
John R. Keith Music Scholarship
Ray Kelton Memorial Music Scholarship
J.F. Kennedy Peace Scholarship
Emma Kienke Student Loan Fund
Ursula Wriedt Klatt Endowed Scholarship
Gary Krallman Endowed Scholarship
Jerry Krause Physical Education Endowed Scholarship
Paul and Sally Latta Student Loan Fund Endowment
Ida Lenhouts Osmond Community Endowed Scholarship
J.G.W. Lewis Memorial Scholarship
Dorothy Ley Learning Disabilities Scholarship
Henry Ley Theatre Scholarship
Rollie W. Ley Scholarship
Dorothy Lichty Memorial PRIDE Endowed Scholarship
Betty Jones Lindner Scholarship
Carl and Norma Linster Memorial Scholarship
Linster Family Athletic Scholarship
Richard and Bonnie Lund Endowed Scholarship
Louise Wendt Lundquist Memorial Scholarship
Maier Endowed Science Scholarship
Dick Manley Endowed Journalism Scholarship
Larry and Geraldine Manning Academic Endowed Scholarship
Larry and Geraldine Manning Athletic Scholarship
Marburger-Lyman Keya Paha County Community Scholarship
Donnie Mash Memorial Scholarship
Dr. Donald Mash Operating Endowment
Evelyn Thomsen McClain Community Scholarship
James C. McClain and W.S. Davis Community Scholarship
Rebecca McClain Memorial Endowed Scholarship
Terry J. McClain Department of Business & Economics Endowment
Dorothy Glover McClellan Music Scholarship
Morland G. McManigal Scholarship
Dr. Archie L. and Margaret P. McPherran Scholarship
Don and Jean Means Memorial Scholarship
Susan and George Menking Endowed Psychology Scholarship
Dean A. Metz Memorial Endowed Scholarship
Herb and Sherry Mignery Scholarship
Bob and Marie Miller Memorial Scholarship
Leah Jeanne Miller Memorial Business/English Scholarship
Victor P. and Amy L. Morey Memorial Scholarship
Darold Bobier Coach Morrison Memorial Endowed Scholarship
Nebraska Teacher World Education and Diversity Endowed Scholarship
Neihardt Scholarship Fund
Anton Netherda Scholarship
Faith Nuernberger Memorial Endowed Scholarship
Northeast Nebraska Insurance Agency Athletic Endowment
Robert and Ruth Harm Olsen Scholarship
Cobb and Margaret Olson Memorial Scholarship
Omaha Wildcat Golf Classic Endowed Scholarship
Omaha World Herald Scholarship
Bruce and Sheri O'Neel Endowed Scholarship
Alvin E. and Edna Fauss Osburn Endowed Scholarship
Brad Ottis Athletic Scholarship
Ruby V. Pedersen Excellence in Teaching Scholarship
Pepsi-Cola of Siouxland Endowed Athletic Scholarship
Dwain and Carole Petersen Music Education Endowed Scholarship
Rose and Nola Peterson Family Scholarship
Val and Elizabeth Peterson Memorial Scholarship
Walter and Lucille Peterson Endowed Scholarship
Phi Beta Lambda Scholarship
Pick Six Endowed Scholarship
Dr. Ned Pickett and Dr. Carol Wiltse-Potts Medical Scholarship
Marilyn Haitz Pierson Endowed Music Scholarship
Mark Deming Pingrey and Barbara Bucknam Pingrey Endowed Scholarship
Richard “Dick” Poehling Community Scholarship
Lynley Potts Memorial Scholarship
Dr. Frank Prather Scholarship
Greg Pribil Memorial Scholarship
Dr. Jon Putnam Special Education Scholarship
Randol Family Scholarship
Russ and Charlene Rasmussen PRIDE Endowed Scholarship
LDL Russ Rasmussen Physical Science Scholarship
Arnie Reeg Wayne Community Scholarship
Bob Reeg Memorial Endowment Fund
Joseph and Emily Bigge Reestman Scholarship
Patrick Reichenbach Memorial Scholarship
David Remmen Memorial Graduate Scholarship
John D. Rice Memorial Scholarship
April Wylie Riesberg Memorial Endowed Scholarship
Mim Riessen Continuing Education Scholarship
Riessen-Reed Scholarship
John David Robinson Scholarship
Alexis Rohrberg Memorial Scholarship
Rundquist Family Scholarship
Cornell and Diana Runestad Music Scholarship
Byron Russell Memorial Scholarship
Helen Russell Memorial Scholarship in Acting
Neil and Bonnie Sandahl Endowed Scholarship
Kathryn Reimers Sass Memorial Endowed Scholarship
Faye Bowyer Saxton Scholarship
Raymond and Mildred Schreiner Memorial Scholarship
Lettie Scott Memorial Scholarship
Lois Scott Memorial Scholarship
Lyle and Ginny Seymour Endowed Scholarship
Jeff Shabram – Burger King Endowed Scholarship
John Patrick Sherlock Memorial Endowed Scholarship
Gordon Shupe Memorial Scholarship
Dr. LeRoy Simpson Endowed Track Scholarship
Dr. William E. Slaymaker Endowed Scholarship
Gary and Janice Small Endowed Scholarship
Larry Smith Memorial Endowed Scholarship
Paul A. Sobansky Memorial Scholarship
Alex and Faye Spanos Scholarship
Science, Math & Technology Endowed Scholarship in Honor of the Stammer Family
Patricia A. Stander Endowed Scholarship
State Nebraska Bank & Trust Wayne Community Scholarship (3)
Dr. Sheila Stearns Lecture Series Endowment
Lowell Stelck Memorial Scholarship
David E. Stevens Memorial English Education Endowed Scholarship
Student Scientific Research Scholarship
Francis J. & Marilyn J. (Allstot) Sudbeck Endowed Scholarship
Dr. Paul D. and Marcia J. Swanson Dental Endowed Scholarship
Rudolph D. Swartz Endowed Scholarship
Sweeney Endowed Scholarship
Tau Kappa Epsilon Memorial Scholarship
A.V. Teed Memorial Scholarship
Theta Phi Alpha Scholarship
Lawrence Travis Memorial Scholarship
Rod Varilek Scholarship
Tamra J. Viterna Memorial Scholarship
Dr. Clifford Wait Memorial Scholarship
Ida Warner Memorial Scholarship
Wayne Kiwanis Circle K Scholarship
Wayne Rotary Club Rotaract Scholarship
Webber Mathematics Scholarship
Roberta “Mom” Welte Scholarship
WEOPA Endowed Scholarship
Irol Whitmore Scholarship
Lillian and Llewelyn Whitmore Scholarship
Alice Whitt Memorial Scholarship
Harold E. Willey Memorial Scholarship
Gene and Joan Willmott Scholarship
G.I. Willoughby Endowed Scholarship
Wiltse Scholarship
Joyce J. Windeshausen Plainview Community Scholarship (2)
H. Nicholas Windeshausen Osmond Community Scholarship (2)
David and Freda Wolf Scholarship
Willard Wollenhaupt Delta Sigma Pi Scholarship
Cecil H. Wriedt Memorial Scholarship
Zink-Keidel Stuart Community Scholarship


Annual Scholarships

Annual Scholarships are funded annually for a minimum amount of $500. 100% of the proceeds go towards the scholarship award.


Band Day Annual Scholarship
Black Hills Energy Annual Scholarship
Bomgaars Annual Scholarship
Susan T. Buffett Foundation Annual Scholarship
Business Competition Day Awards
Business Faculty Annual Scholarship
Alexis Victoria Calfee and Christopher Ryan Oberg Annual Scholarship
Carhart Lumber Company Annual Scholarship
C.I.S. Annual Scholarship
Criminal Justice Alumni Annual Scholarship
CTIS Retired Faculty Annual Scholarship
Jean Dockhorn Memorial Annual Scholarship
EducationQuest Foundation Scholarship
F&M Bank Wayne Annual Scholarship
Family and Consumer Sciences Faculty Annual Scholarship
Dr. Laura Franklin Annual Scholarship
Curt and Dianne Frye Annual Athletic Scholarship
Karen Granberg PRIDE Annual Scholarship
Michael and Darlene Hansen Annual History Scholarship
Hass Foundation Annual Scholarship
Haven Fund
Dr. Nancy Hebble PRIDE Annual Scholarship
Heritage Homes/Heritage Industries Annual Scholarship
David Holt PRIDE Annual Scholarship
Ron Holt Civic Engagement Award
Kirk and Debra Hutton Annual Scholarship
Kiewit Building Group Annual Scholarship
Alice Korth and Gale Bathke Annual Education Scholarship
Kerri Ann Kamrath Lazure Annual Scholarship

Michael Foods Scholarship
Leona Diers Mockelman Annual Scholarship
Jenny Moul Memorial Scholarship
Nebraska Broadcasters Association Annual Broadcasting Scholarship
Nebraska Society of CPA’s Annual Scholarship
Ken and Anne Nolte Annual Athletic Scholarship
Northeast Nebraska Public Power District Annual Scholarship
Pac N Save Annual Scholarship
Pac N Save Student Appreciation Annual Scholarship
Pacific Coast Feather Annual Scholarship
PEO Chapter AZ Wayne Biennial Scholarship
PEO Chapter AZ Wayne Bressler Scholarship
Physical Science Annual Scholarship
Quality Food Center/IGA Annual Scholarship
Reaching Your Potential Annual Scholarship
Bill and Betty Reeg Annual Scholarship
Ward Reynoldson Annual Scholarship
Dale L. Riehart Annual Broadcasting Scholarship
Dr. LeRoy and Marian Simpson Annual Physical Education Scholarship
LeRoy and Marian Simpson Annual Track Scholarship
State Nebraska Bank & Trust Annual Scholarship
Carl and Hilda Urwiler Memorial Scholarship
Milton and Miriam Waldbaum Annual Scholarship
Wiser Family Trust Annual Scholarship
WSC Wrestling Club Annual Scholarship
Reggie and Marilyn Yates Football Scholarship


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