Ed Fehnel knows firsthand about interrupted studies. He and his late wife, Dottie, met as students at Penn State University. While enrolled, the two were married and began a family. Dottie discontinued her studies to become a devoted homemaker while Ed completed his degree and began his career at Eli Lilly.
After Dottie's passing in September 2016, Ed remembered a document Dottie had completed years ago indicating her desire to support continuing education for women whose studies had been interrupted by extenuating circumstances. So, in her memory, Ed established the Dorothy "Dottie" Fehnel Memorial Scholarship.
This endowed scholarship will provide full funding to three part-time students, with preference given to women who are re-enrolling at Indiana University-Purdue University Indianapolis after an interruption of their studies. The scholarships will support students through graduation at any school or program of their choosing. Campus-wide, part-time scholarships are an important unmet need for IUPUI today. The Dorothy "Dottie" Fehnel Memorial Scholarship is the first of its kind.
Ed and Dottie have been generous philanthropists to IUPUI. The couple established the Fehnel Family Foundation International Study Scholarship in 2001 at Herron School of Art & Design. Two years later, they started the Fehnel Family Fine Arts Scholarship at Herron. In 2011, the Fehnels created the Holly Fehnel Heck Art Therapy Fellowship in honor of their daughter-the first named endowed fellowship for the Herron School of Art & Design.
With the Dorothy "Dottie" Fehnel Memorial Scholarship, Ed took advantage of the IRA Charitable Rollover, available to people age 70½ and above. At any time during the year, a donor is allowed to transfer amounts toward the IRA required minimum distribution, but no tax is due on the distribution (up to $100,000). An IRA Charitable Rollover is not only an easy way to give, it also played a strategic role in Ed's decision to create the Memorial Scholarship.
Interested in learning more about making a tax-free transfer from your IRA account before the end of the year? Contact the Office of Gift Planning Services at email@example.com or 800-558-8311 today.