Educational Trust

Early in the history of the Fraternity, it was recognized that members would benefit from a program of financial support to help defray the growing costs of attending pharmacy programs.  Beginning with funds from the general treasury, the first LKS Scholarship (now known as the Cora E. Craven Educational Grant) was given in 1962.  Ten years later in 1972 the first Dr. B. Olive Cole Graduate Educational Grant was established.

The Lambda Kappa Sigma Educational Trust was established in 1974 for the purposes of perpetuating a financial program to assist members in reaching their goals in pharmaceutical education.  An Educational Grant Selection Committee and Standing Rules were adopted at the 1976 Biennial Convention in Toledo, Ohio.  Effective with the 1978 Biennial Convention in Albany, NY, the Cora E. Craven and Dr. B. Olive Cole Educational Grants have been funded by the LKS Educational Trust. 

In 1986 the Mary Connolly Livingston Educational Grant was also created and funded through the Trust.  In 1994 and 1998 respectively, the Norma Chipman Wells Loyalty and the Adele Lobraico Lowe Leadership Educational Grants were established and funded by the Trust.

Oversight of the Trust is provided by a 13-member Trust Liaison Committee currently chaired by Dr. Avis J. Ericson.  This group monitors financial and policy aspects of the Trust and works closely with the Grand Council to establish the number and amount of the Educational Grants provided each Biennium.

To maximize growth of the core finances within the Trust and insure continuity and perpetual oversight of funds, several chapters transferred individual chapter scholarship dollars for management by the Trust. Those funds are owned by the chapter but benefit from financial management and favorable interest rates.  All LKS chapters are encouraged to make such arrangements within the framework of the Trust.

Members, chapters, and friends of LKS are encouraged to donate to the Trust to perpetuate the availability of funds for the future.  Donations in the form of special tributes, recognitions, or memorials are also welcome.  Matching gifts from employers can provide additional support.  Those wishing to establish educational grants at the chapter and/or international level(s) are encouraged to work with the Trust Liaison Committee to insure proper creation and management of such funds.  The Committee may be contacted through the LKS International Office

The Educational Trust is established as a 501(c)(3) public charity.  As such, gifts to the Trust are deductible for United States Internal Revenue Service tax purposes to those who qualify for deductions.  International donors should verify such deductibility through their country’s tax system.  All donations and funds are handled in U.S. currency.

Donations from individuals, chapters, or memorials may be sent to the Trust via:

Lambda Kappa Sigma International Office

PO Box 570

Muskego WI  53150-0570

Make checks payable to the LKS Educational Trust.  If funds are to be deposited with any specifically named fund group, please include a letter to that effect.