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The Arcadia Financial Aid Initiative (AFAI) is a strategic and student-centered program through which the University seeks to encourage philanthropy designated for financial aid support by providing a 1:1 match for donors who meet established gift minimums to either establish a new endowed scholarship or supplement an existing endowed scholarship.
Through AFAI, donors can make an extraordinary impact to financially support the best academic talent, increase Arcadia’s recruitment strength, and provide equitable access to higher education to all who seek it.
Specifically designed to reduce the financial burden associated with the pursuit of higher education, the Lynn Darling Hendershot ’66 Endowed Scholarship supports the recruitment and retention of the most talented Arcadia students, regardless of their financial background.
“Lynn epitomizes what I hope to see from all Arcadia alumni—deep pride for the legacy of this institution and a radically generous mindset that builds upon the transformative educational impact Arcadia has on students today,” said Brigette A. Bryant, vice president for Development and Alumni Engagement.
In October 2019, Arcadia’s Chair of the Board of Trustees Alison Aaron Madsen ’85 and her husband, Howard Madsen, established The Dan and Gerri Aaron Endowed Scholarship Fund— becoming the very first donors to create an endowed fund through the Arcadia Financial Aid Initiative.
The Madsens, guided by their faith and commitment to service and community, honor Alison’s late parents Dan ’P85 and Geraldine “Gerri” Aaron ’85, ’14H, who were also thoughtful supporters of the University. Designed to bolster the University’s recruitment efforts, their new endowed fund will help to reduce the financial burdens students face in pursuit of a degree and increase a student's ability to persist to Commencement and earn a degree from Arcadia University.
Scholarships are a time-honored tradition at colleges and universities. The fund that a donor establishes to exist in perpetuity for an expressed purpose—student financial aid—can make transformational change possible for both students and the university. Endowed scholarships also can build an institution’s competitive strength in recruitment while supporting student retention efforts, fortifying a university’s student body.
Endowed scholarships also bolster an endowment and are points of pride for the donor, for the recipient, and for the University. In many ways, they embody the legacy of the person honored or memorialized through the named scholarship.
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Division of University Advancement
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Glenside, PA 19038-3295