The Palm Beach Gardens Police Foundation received a $15,000 donation to help city residents afford the skyrocketing cost of college.
The foundation announced Thursday the Radian Group, a provider of private mortgage insurance, risk management products and real estate services for financial institutions, made the donation.
The money will allow the foundation to award larger scholarships to the program’s recipients. The gift was in honor of the company’s chairman, Herb Wender, a Palm Beach Gardens resident who recommended the foundation for the donation.
The scholarship fund will be named the “Herb and Penny Wender Scholarship Fund.”
“In recognition of Herb’s 40 years of outstanding service, we look forward to building on the Foundation’s success and helping to lessen the financial burden of higher education for more Palm Beach Gardens families,” said S.A. Ibrahim, chief executive officer of Radian Group, said in the news release.
The police foundation has awarded two, $1,500 scholarships for five years.
The scholarship applications are available on the foundation’s website. The scholarship review committee considers academic performance, community service, letters of recommendation, character references, financial need and an essay when choosing recipients.