The Edward C. and Hazel L. Stephenson Foundation was established in 1969 for the sole purpose of providing grants to schools, colleges and universities in Indiana, Kentucky, Michigan and Ohio. Founder Edward Stephenson worked as the vice president of finance for the J. L. Hudson Company and lived with his wife Hazel, in Grosse Pointe, Mich.. In 1976 the Stephenson Foundation established an annual scholarship that over the years was given to more than 700 students; assisting more students than any other single scholarship in LSSU’s history. In 2003, the Stephenson Foundation dissolved and distributed its assets to a few select colleges and universities. Successful candidates must be a high school graduate from Michigan or Great Lakes region with at least 26 LSSU credits and has earned a minimum 3.0 GPA.