Founded in 1872, Louisville’s Woodcock Foundation has given scholarship money to needy college students for the past 50 years.

With assets that once totaled about $1.5 million, the Episcopal-church-affiliated charity gave away nearly $500,000 in the past five years alone to 60 to 70 students a year.

But now the foundation — named after the third bishop of the Diocese of Kentucky, the Right Rev. Charles Edward Woodcock — has only $8, and students who were awarded scholarships last year never got their money.

Makes the heart sad--read it all.

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