• Money Problem

    Posted on May 8th, 2013 John Dorcey No comments

    A longtime friend dies and leaves you a generous gift. Sounds like a problem many of us would like to have, or upon reflection, would we? That is exactly what happened to Wausau, Wisconsin’s EAA Chapter 640. Looking at the big picture, the chapter had several genuine concerns. Some members were afraid that the money would detract from the group’s primary focus. Others were concerned about the what and who questions. What projects would be chosen and who would spend the time and effort at oversight? It became apparent that the gift brought with it obligations and responsibilities the chapter felt might be better handled by others. They then looked for help and found it with two like-minded organizations.

    Chapter members looked for someone who had experience in awarding scholarships. Most members were aware of the Wausau-based Archie Towle Aviation Endowment Fund and some knew of the Wisconsin Aviation Hall of Fame (WAHF) and its scholarship award program. Research and discussions among members continued until last month’s chapter meeting. After motions were made and some discussion, the votes were tallied and both organizations were recipients of a $10,000 gift. Donation checks were presented during a brief ceremony at the Wausau Downtown Airport (KAUW) yesterday afternoon.

    Bob Mohr, EAA Chapter 640 president, said in opening remarks, “We are proud to be helping young men and women through the establishment of a new scholarship fund with the Wisconsin Aviation Hall of Fame.” He shared how the chapter’s donation is a result of an estate gift left to the chapter by Bob Payzer, a Wausau native and friend of the chapter who passed away in 2010. Rose Dorcey, WAHF president, stated, “WAHF is pleased to have EAA Chapter 640 as a partner in furthering our scholarship program and appreciate their commitment to supporting aviation education.” Dorcey continued, “The Wausau area has a long history of aviation visionaries and we feel their spirit in the chapter’s donation.”

    The chapter’s donation, the largest single gift WAHF has received to date, will endow a new, named scholarship. The $500 award will be presented annually. Successful applicants for the new scholarship will be Wisconsin residents who are full-time aviation/aerospace students at US technical schools, colleges, or universities with strong academic performance, civic involvement, and extracurricular activities.

    Sid Cohen and Bob Mohr from EAA Chapter 640 join reps from Archie Towle Foundation, Wisconsin Aviation Hall of Fame and Community Foundation of North Central Wisconsin

    Sid Cohen (left) and Bob Mohr from EAA Chapter 640 join Rose Marie Towle, Bob Wylie, Wynne Williams, Rose Dorcey, Jean Tehan and John Dorcey

    Rose Towle and Bob Wylie represented the Towle Aviation Endowment Fund. Rose related that initial funding for their scholarship came from her step-son, Brad Towle, in memory of his father Larry Towle as a tribute to his grandfather, Archie. The fund has provided more than $36,000 to 16 Wausau-area recipients. Bob Wylie, a member of the fund’s advisory committee stated, “The gift to the Towle Fund will increase the scholarship by about $500 each year. The cost of flight training is high, and through this generous gift, students will find some relief of the financial burden of their education.”

    The Community Foundation of North Central Wisconsin, based in Wausau, is the administrator for both the Archie Towle Aviation Fund and WAHF’s scholarship program. Executive Director of the foundation, Jean Tehan, served as ceremony emcee. Other foundation staff participating were Program Manager Sue Nelson and Operations Director Tammy Szekress.