Lake Erie College Chairman of the Board of Directors, Stephen Perry, and his wife Felicia have made a $1.2 million gift earmarked for student scholarships. The gift will be used to establish the Stephen B. and Felicia M. Perry Scholarship Fund and will be awarded to high-achieving students from middle-class families with interests in the fields of business, science, or education.
“Steve recognizes the struggle some students from middle to upper middle class families have in terms of paying for a college education because they might have less or no access to federal and state grants,” said Lake Erie College President, Brian Posler.
The new scholarship fund is aimed at filling the gap between what a middle income family can afford to pay and what aid Lake Erie College can typically offer. The scholarships will be renewable for four years and will enable the College to boost this pipeline of talented students starting with the Fall 2022 class.
“Clearly, a gift like Steve and Felicia’s changes the lives of the students supported via the scholarships but equally, if not more important, it starts to enhance the sustainability of our institution. A gift of this size is the largest gift in recent history,” said President Posler. “The Stephen B. and Felicia M Perry Scholarship Fund will make an impact on Lake Erie College now and for years to come,” said Posler.
Stephen Perry, who earned his business and accounting degrees from Lake Erie College, spent the last 24 years of his career at Linsalata Capital Partners where he most recently served as long-term Co President and Senior Managing Director. Stephen states, “Felicia and I are thrilled to support my alma mater and its current students. Giving back is important to us and we are grateful to be able to do this for Lake Erie College.”