Estate Gift Establishes Oscar and Libbie Rudnick Scholarship Fund
Apr 10, 2012
Kern Community Foundation announces the establishment of the Oscar and Libbie Rudnick Scholarship Fund of Kern County, California. The Fund is established with a maximum of $4 million in contributions funded by the estate of Elynor Rudnick Falk to honor the memory of her parents, Oscar and Libbie Rudnick, in perpetuity.
Oscar and Libbie Rudnick immigrated to America to escape the oppression and persecution of Czarist Russia, and eventually settled in Bakersfield, Kern County, California. The Rudnick’s raised a family and by hard work, skill and talent, founded, developed and managed a livestock and agribusiness industry of major importance to the economy of Kern County.
The Fund will provide financial assistance in the form of scholarships to U.S. citizens who are current or former residents of Kern County, and who demonstrate motivation, perseverance and a sincere desire to gain an education. Application materials will be available to students throughout Kern County beginning in 2013. While no discrimination will take place in the selection of students, special consideration will be given to students of Kern Valley High School.
“According to a recent study conducted by the Foundation, over the next fifty years at least eighty billion dollars will transfer between generations in Kern County,” says Jeff Pickering, President and CEO of Kern Community Foundation. “Thoughtful, well-planned estate gifts such as this one made in memory of Oscar and Libbie Rudnick create charitable legacies that will make a meaningful difference in the lives of Kern County residents for generations to come.”
Kern Community Foundation is a vibrant nonprofit enterprise created by and for the people of Kern County. Its mission is powerfully simple – the Foundation is growing community and growing philanthropy. Kern Community Foundation is known as a home for Kern community philanthropists, a results-oriented grant maker and a trusted community leader. Since its establishment in 1999, the Foundation has grown to hold more than 100 charitable funds with assets of more than $14 million, and has awarded more than $8 million to improve Kern County’s quality of life.