35 years ago, a couple of visionaries, Dwane L. and Velma L. Wallace established a fund at Wichita State University to support scholarships and graduate fellowships for engineering students as well as the purchase of equipment and any other special needs of the College of Engineering. The Wallace vision has allowed generations to enjoy the opportunities that the College of Engineering brings to their lives. Read more about their legacy.
The legacy Velma and Dwayne Wallace created at Wichita State and that Velma nurtured and advanced after Dwayne Wallace's death in 1989 will live in perpetuity with Velma Wallace's $6 million estate gift to the Wichita State University Foundation.
Elizabeth King said, "She was an icon in our community because she supported so many worthwhile nonprofit organizations and special initiatives," said Elizabeth King, president and CEO of the WSU Foundation. "But dearest to her heart was the Wallace Scholar program and the emotional investment she made in her students, in addition to the financial commitment to their futures."
More than half of the estate gift will be added to the Dwayne L. and Velma L. Wallace Endowment Fund, benefiting engineering students and the College of Engineering."
Read More at http://www.wichita.edu/thisis/wsunews/news/?nid=2171
The National Aviation Hall of Fame (NAHF) Board of Trustees revealed the names of four individuals who have been elected for enshrinement at its annual formal ceremony that will be held in October of 2013. The late Dwane Wallace is one of those four to receive the honor.
After 41 years with the Cessna Aircraft Company, the late Dwane L. Wallace retired in 1975 as its Chairman and CEO. During the Depression, Wallace used money won by air racing to meet payroll. After the company served WWII military aircraft demand, Wallace directed Cessna’s development and growth of extensive corporate and general aviation product lines. He was a founder and first chairman of the General Aviation Manufacturers Association.
For more information, go to http://www.nationalaviation.org/2012/12/classof2013/
The Wichita Aero Club presented its first Wichita Aero Club Trophy to Mrs. Velma L. Wallace at the Club’s annual Ball on Saturday evening, September 18, 2010 at the Wichita Airport Hilton. The trophy is awarded annually to a living person or persons with a strong relationship to the Wichita area or region who has distinguished himself or herself through exemplary achievements or contributions in the field of aviation or aerospace.
For more information, go to wichitaaeroclub.org/award-and-scholarship/awardees/view/62
A video produced by Tom Zwemke and shown on local PBS station KPTS in 2008.
The Wallace engineering scholarship is made possible through the Dwane and Velma Wallace Endowment, created in 1976, which supports scholarships for engineering students and provides funds for the COE. Since 1980, the endowment has benefited more than 300 engineering majors at WSU. The Wallace Invitational for Scholarships in Engineering (WISE) continues to select 10 new recipients each year, who each receive a 4-year total of $20,000.
Wallace Scholarship 35th Anniversary Celebration
In 2012 the CoE, in cooperation with Wallace Scholar alumni, the WSU Foundation and Mrs. Wallace herself, held the 35th reunion of the scholarship and Scholars. See photos, video or read the transcript.
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Contribute to the Wallace Alumni Legacy Endowed Scholarship Fund
In 2002, a group of Wallace alumni decided to honor what Dwane and Velma Wallace did for them by creating the Wallace Alumni Legacy Endowed Scholarship Fund. The original goal set by this group was to raise $100,000. To-date, nearly one-half of that goal has been met. As part of the 35th Wallace Alumni Reunion, these fundraising efforts are being renewed - with an increased goal of $150,000.
A gift designated to this fund will not only assist in reaching this goal, but, more importantly, will honor Dwane and Velma. It will also support WSU College of Engineering students with a scholarship like the one you once received. In addition, your gift will be eligible to be matched by the state of Kansas through Senate Bill 127.
Help us continue this legacy at Wichita State University by making your gift online.