FLORENCE, SC – To date, Pee Dee Electric Cooperative has given nearly $100,000 to fund scholarships at Francis Marion University. Recently, the Electric Cooperative gave $58,990 to assist the children of its member-owners and employees in the pursuit of a college education.
The electric cooperative made the first annual contribution of $40,000 to Francis Marion in December 1997. That gift funded 12 full scholarships at FMU.
The $58,900 given this year renews 10 scholarships and funds seven new scholarships. The total gift in scholarship money given to date is $98,990. That money, provided through the leadership of CEO Robert Williams and PDEC Board Chairman Jule Conner, has aided 17 students attending FMU by giving them full scholarships.
Known as the Pee Dee Electric Cooperative Scholars Program, the scholarships are worth $1,695 per semester for full-time students carrying 12 or more credit hours.
Scholarships are awarded only to dependent children of Pee Dee Electric Cooperative members or dependent children of full-time employees within Chesterfield, Darlington, Dillon, Florence, Marion, and Lee counties where the Electric Cooperative provides service.
Scholarships may be renewed each semester up to four years of undergraduate study, based on availability of funds and subject to successful academic progress of the recipient. A student must maintain at least a 2.75 grade point average at Francis Marion to retain the scholarship.
“We are deeply appreciative of Pee Dee Electric’s gift,” said FMU President-elect Luther F. “Fred” Carter. “You can spend money on a great number of things … but no expenditure is more worthy or enduring than money spent in scholarships.”
“This money is strictly for educational purposes. There are so many deserving kids who need help continuing their education,” Williams said.
Helping provide students in the Electric Cooperative’s service area with a quality college education, Conner said, helps them to have a better quality of life.