Community Foundation Awards $666,040 in Scholarships to NCW Students
The Community Foundation of NCW has awarded 307 scholarships to 200 students across North Central Washington, totaling $666,040 – a record disbursement for the foundation.
The Community Foundation manages over 100 scholarships established by individuals, families, and businesses who feel passionate about making higher education more accessible for local students. Each scholarship is unique, as the criteria is set by the donor.
“These scholarships support such a diverse range of students” said Julie Mott, scholarship program specialist. “Some focus on area of study while others seek to help the students who have overcome obstacles. There are opportunities for nearly every student.”
Most scholarships aim to support students with the greatest financial need and help ease the financial burden many students face as they work toward their dreams of higher education. One scholarship awardee attending Wenatchee Valley College this year wrote “I’m the first in my family to go to college and because of my parent’s financial status, I will have to pay for it all on my own. This scholarship will help lower the debt I will come out with after college”.
This year, over 3,000 applications were received and reviewed by Scholarships Committees that are comprised of over 250 volunteers across the region. The committees recommend finalists for the awards, which are reviewed and approved by the Board of Trustees.
“We could not do this work without the commitment and dedication of our volunteers” said Mott. “They have the difficult task of selecting the right candidate for each award, in the spirit of what the donor intended. We cannot thank them enough for their efforts.”
Since 2003, over $5 million in scholarships from the foundation have been awarded, and annual award disbursements continue to grow each year (see graph). Contributing to this growth are new scholarship funds being established each year as well as the investment returns.
“With all endowed funds including scholarships, the foundation pools and invests them for long term growth” said Beth Stipe, executive director. “This means the foundation is able to continue disbursing these scholarships forever – and the awards grow over time. It’s a lasting investment in the youth of our region.”
The next opportunity to apply for scholarships is January 1, 2020.