STOCKTON – A new endowment at the University of the Pacific will honor the memory of William K Chase and establish a new scholarship to support the academic pursuits of students in its Community Involvement Program (CIP).
The family auto dealership’s gift of $250,000 was matched by the school’s Powell Fund, bringing the total endowment to $500,000.
“My father was a kind and generous man who passionately believed in paying it forward,” John W. Chase, the third-generation owner of Chase Chevrolet in Stockton said in a press release. “I wanted to pay tribute to him in a way that reinvests in the community and creates opportunities for local youth – with tremendous potential – for generations to come.”
The William K. Chase Scholarship will be awarded each year to two CIP students who exhibit a strong work ethic and noteworthy achievements despite socio-economic challenges.
The University of the Pacific’s CIP helps provide scholarships to first-generation college students from the Stockton area who have demonstrated the potential for sustainable leadership, community awareness and involvement. More than 1,000 students have graduated from the program since its inception.
The inaugural William K. Chase Community Involvement Program Scholars are Jimmy Suliman and Iliana Abarca, both Stockton natives.
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