SHEPHERDSTOWN – Attorney William Richard McCune Jr. presented a check for more than $200,000 to the T. Guy Reynolds, Jr. Scholarship Endowment at Shepherd University from the estate of T. Guy Reynolds Jr. on Thursday.
“It’s a wonderful gift,” said Monica Lingenfelter, Executive Vice President, Shepherd University Foundation. The gift will be used to help students that need financial aid.
A Shepherd student that shows financial need and who is pursuing a degree in education could qualify for assistance.
(Reynolds) established the endowment in 1999 and Mr. Reynolds and John Reynolds have been putting money into this. John established the endowment in honor of his father then his father established an endowment in honor of his son. “Mr. Reynolds designated this wonderful gift from his estate to go to his scholarship,” Lingenfelter said. “Our financial aid works so beautifully with the foundation to make the most of every dollar of scholarship money available. The vast majority of our students receive some type of financial aid and a portion of that is made up of private gifts like this scholarship.”
Thomas Guy Reynolds, Jr. has an established reputation for supporting the university. He graduated from Shepherd College in 1933 with a degree in education. Many people remember his contribution to aviation and the Eastern West Virginia Regional Airport, where he was a private pilot and in 1943 organized the Martinsburg Civil Air Patrol.
He is also a recipient of the prestigious Congressional Gold Medal, the highest civilian honor the U.S. Congress can bestow. He was inducted into the West Virginia Voter Hall of Fame and was recognized as an Outstanding Alumni by Shepherd University. He was also recognized as Berkeley County Citizen of the Year.
“When he was 93 he jumped out of an airplane and went skydiving. I asked him as he reached 100 if he would do it again and he said ‘no’ and I said why? He said because it was too expensive. He was an old friend of my father and an old friend of mine. A very decent human being,” said Attorney William Richard McCune, Jr. before presenting the check to the foundation.
The endowment will continue to benefit Shepherd students for years to come.
“It’s a gift that was given to the foundation for the benefit of Shepherd students and it goes into, perpetuity it is endowed forever. So every year, from now on, it will continue to produce income that supports the award and it has been going strong for seventeen years and now the impact has greatly increased because of this gift,” Lingenfelter said.
The aid that students receive from the endowment, in some cases, has made the difference between staying in school or dropping out.
Reynold’s son, John T. Reynolds, once wrote, “The scholarship was created because my father was an inspiration to his children and their families. In living his life as a Christian man, he provided examples to enable his children to establish ideals, principles, and goals in their lives to become responsible adults.”
Pictured Above: Dr. Mary J.C. Hendrix, president of Shepherd University, left, receives a check for the T. Guy Reynolds, Jr. Scholarship Endowment from William McCune Jr., center, representing the T. Guy Reynolds Estate, as Mike Smith, president of the Shepherd University Foundation looks on Thursday in Shepherdstown. Journal photo by Jeff McCoy