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FORM 990

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TCF Receives $595K Grant For New Pilot Program

The Community Foundation is pleased to announce it has received a two-year $595,000 grant from San Francisco-based Colleges Futures Foundation. The grant will launch the Foundation’s newly created Graduate Success Program, a partnership with College Futures to help low-income Riverside and San Bernardino County students apply to, enroll in and complete college.

“College Futures understands the importance of our region and the Foundation’s proven leadership on administering scholarship programs to help young people achieve their college and professional dreams,” said Dr. Jonathan Lorenzo Yorba, President and CEO of The Community Foundation. “Through the Graduate Success Fund, we are committed to making college a possibility for students who are critical to the region's future.”

The Graduate Success Fund Program will award needs-based scholarships as well as support services to students at targeted high schools when it begins in 2018. In support of students and their families, the Foundation is working with local education partners and donors to build scholarship funds to ensure students gain needed financial aid and college resources. The Foundation is also forging a new partnership with Coachella Valley Economic Partnership/NewOrg for assistance with designing and implementing new ways of doing the Foundation’s scholarship distributions work.

Research shows that students awarded scholarships based on financial need stay in college and graduate at rates similar to other students in the same institutions. “Many students have the desire and ability to succeed in college, but lack the means to do so,” said Dr. Yorba. “This investment in our Foundation will enable us to strengthen our commitment to providing more needs-based scholarships to low-income students who have the ability to succeed in college.”

The Community Foundation is one of seven community foundations in California chosen to partner with College Futures as part of its statewide initiative to improve college graduation rates for low-income and underrepresented students.