During the 25th Anniversary celebration of Wallace Scholars in 2002, a group of scholars decided the best way to honor what Dwane and Velma Wallace did for them through the Wallace Scholars program was to follow their example. In doing so, they established the Wallace Alumni Legacy Scholarship fund Designed to benefit engineering students, the Wallace Scholars set a goal to be able to award annual scholarships to 5th year undergraduate seniors who are finishing their engineering degree.
One last gift before labor: How a Wallace Scholar is paying it forward on Founders Day
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