The scholarship was founded by Lloyd Edison Fisher, Jr. and his wife of 47 years, Twylla Peterson Fisher. Lloyd was born on October 23, 1923 in Medina, OH, and was awarded a Stadium Cooperative Scholarship at The Ohio State University (OSU), but his college years were interrupted by World War II. He served in the United States Army, attaining the rank of staff sergeant and engaged in combat in Europe, followed by occupation duty in Japan.

He returned to OSU to complete his undergraduate degree and graduated summa cum laude from The Ohio State University College of Law, where he was editor-in-chief of its law review publication. Lloyd began his legal career with Ohio’s Department of Taxation, before electing to become a trust officer with the Huntington National Bank. He subsequently joined the Columbus law firm then known as Alexander, Wenger, & Holschuh; which later merged with Porter Wright Morris & Arthur. After practicing law for nearly 63 years, Lloyd retired from the firm. Lloyd was an active member of Maple Grove United Methodist Church and was instrumental in establishing a robust pension program for retired clergy.