Elizabeth Dunlap Ferring and Reid Ferring, PhD, have established the Elizabeth Dunlap Ferring Scholarship Endowment in Education, aiming to support students pursuing degrees in education. Both educators themselves, they are passionate about fostering the next generation of educators. The endowment is set to be awarded for the first time in the 2024–25 academic year, providing support for generations of students.

Following the completion of teacher certification requirements at Texas Woman's University in 1991, Elizabeth dedicated two decades to teaching third grade language arts at Sam Houston Elementary in Denton. Holding a BA from Rhodes College and an MS in family counseling from Allied Health Sciences at Southwestern Medical School in Dallas, Elizabeth's professional journey included roles at MHMR in Dallas and as a counselor for Oklahoma Human Services. Reid Ferring is an archaeologist, geologist, and Professor Emeritus at the University of North Texas.