2/16/15 ASHLAND, Ohio – Grandpa’s Cheesebarn, with locations in Ashland and Norton, has endowed a scholarship that will be presented annually to a student attending Ashland University from Ashland County or Summit County.
The Grandpa’s Cheesebarn Endowed Scholarship in Business at Ashland University was established this month by Pappy Poorbaugh, who operates the Ashland Cheesebarn, and his sister, Mistie Ankenman, who operates the Norton Cheesebarn.
“Mistie and I both graduated from Ashland University and we felt this was a great way to give back to the community,” Poorbaugh said.
AU Interim President Dr. William Crothers said endowed scholarships are important to the success of Ashland University. “We are so pleased that Pappy Poorbaugh and Mistie Ankenman have made the decision to provide the funding for an endowed scholarship that will help students be able to attend Ashland University. It is a gift that keeps on giving year after year and will continue to touch students forever,” Crothers said.
According to the endowed scholarship stipulations, the scholarship will be awarded annually to a student from either Ashland County or Summit County. The scholarship will be renewed annually provided that the recipient maintains a minimum GPA of 3.0 in pursuit of the degree.
Ashland University Endowed Scholarships, which begin at $25,000, help to provide deserving students of modest means with an Ashland education, and enrich the Ashland experience by ensuring a diverse student body. Approximately 500 named endowed scholarships have been established since 1980.
When a gift is endowed, the initial principal is invested and awards are made from the annual earnings. This provides a level of current support, while providing a reliable source of funds for the future.
Ashland University is a mid-sized, private university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University (www.ashland.edu) values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students. ###