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Wed July 3, 2013
WSU Supporter Velma Wallace Leaves $6 M To Wichita State
Wichita State University says the late Velma Wallace has left $6 million in an estate gift to the school's foundation. She died last July at the age of 95.
Velma had supported Wichita State in many ways, including the Wallace Scholarship Program for years. Both she and her husband, Cessna Aircraft Executive Dwane Wallace, who died in 1989, loved and supported WSU.
More than half of the estate gift will be added to the Dwane L. and Velma L. Wallace Endowment Fund, which benefits engineering students and the College of Engineering. About 39 students received engineering scholarships from the fund the last academic year.
Other portions of the estate gift will go to the College of Education, Wichita State athletics and the School of Music.