The Beta Psi Chapter of Tri Kappa created the endowment to benefit women who previously began a college career and who are committed to earning a degree.
One of Tri Kappa's goals is to further education.
"Our members hope this award will encourage women to hold tight to their dreams of completing their college careers," said Beth Flint, treasurer.
In appreciation for the women of the Beta Psi Chapter, Elizabeth Murphey, a member for 40 years, matched initial contributions to start the endowment.
"The women of Tri Kappa are the cream of the crop," said Murphey. "They do good things for the community, and they are lifetime friends."
Murphey stated she has been particularly appreciative of the kindness and care members have shown her during her illness.
Kappa Kappa Kappa was founded on Feb. 22, 1901 by a group of classmates attending a private girls' school in Indianapolis. Each young woman agreed to form a chapter in her hometown.
Kappa Kappa Kappa, or Tri Kappa as it is known today, exists only in the state of Indiana and is dedicated to bringing women into close, unselfish relationships for the promotion of charity, culture and education.
They have 147 active chapters and 122 associate chapters around the state, Tri Kappa members annually raise over $1 million which is given to several state charities such as Riley Hospital for Children, ARC of Indiana, the Indiana Mental and Junior Mental Health Associations, the Indiana Alzheimer's Foundation, the Indiana Chapter of the National Alliance on Mental Illness, and the Center for Women and Children.
Anyone may contribute to the scholarship Endowment to help women complete their college education. Community Foundation staff is available to help donors make gifts of cash, stock, retirement assets, life insurance, bequests, real estate and other types of gifts to the Endowment.
The Community Foundation administers more than 180 funds for donors, supporting a variety of charitable purposes. To learn more about this new fund, how to make a contribution, or how to start a new fund, visit www.pcfoundation.org or contact Eric Wolfe or Elaine Peck at 653-4978.