Empower Success: Create a Scholarship for Lorain County Community College Students
Lorain County Community College is a beacon of education for over 14,000 students. The college ranks as one of the most affordable in the nation. However, 70% of students rely on financial aid to pursue their academic dreams. The Lorain County Community College Foundation, instrumental in student success, manages 200 endowments annually and awards students over $1 million in financial support. This incredible impact is only possible with the invaluable help of donors like you.
Imagine the transformative power of your generosity. By establishing a scholarship fund, your gift catalyzes life-changing financial awards, shaping students' futures year after year. Our dedicated Foundation staff are eager to collaborate with you to create a scholarship fund tailored to your vision. You have the flexibility to choose from two impactful fund options:
1. Non-Endowed Funds:
- Designed to provide awards until the fund balance is zero.
- Established at any point during the academic year, with awards distributed in the upcoming semester.
- Immediate impact, allowing you to select award criteria that resonate with your philanthropic goals.
- A minimum contribution of $1,000 is required to kickstart a non-endowed fund.
2. Endowed Funds:
- Endowed funds are invested for sustainable impact, with a portion of earnings used annually for scholarship awards after a three-year vesting period.
- It is an enduring way to honor a loved one, commemorate a particular person, or create a lasting legacy.
- Permanent existence ensures perpetual support for future generations.
- A minimum contribution of $15,000 (which can be structured to be paid over a period) is required for an endowment fund with donor-specified restrictions.
- A named general endowment fund with Foundation-established known restrictions requires a minimum contribution of $10,000 (which can be structured to be paid over a period) is required for an endowment fund with donor-specified restrictions.
Your decision to establish a scholarship fund transforms lives and contributes to our community college's growth and prosperity. Contact our Director of Development, Jon Logue, at jlogue@lorainccc.edu, or Executive Director of Foundation, Lisa Brown, at lbrown@lorainccc.edu to initiate a conversation about how you can make a lasting impact on the educational journey of Lorain County Community College students. Join us in shaping a future where education knows no financial barriers and dreams are attainable for every student.