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FORM 990

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A New Scholarship Fund is Carrying on the Legacy of Former Lake Elsinore City Treasurer

The City of Lake Elsinore opened the Carl Graves Endowment Scholarship Fund at TCF with a gift of $1 million through a bequest to the City from former City Treasurer Carl Graves. The new fund provides scholarships to graduating seniors who plan to attend a four-year college or technical school. Scholarship recipients must be students of Lake Elsinore Unified School District high schools.

Recently, four students received a total of $20,000 in scholarships from the inaugural scholarship fund.

“We are pleased to carry out the legacy of Carl Graves in partnership with the City of Lake Elsinore,” said Michelle Decker, President and CEO of The Community Foundation. “Scholarships remain a large focus of our donors’ investments in the IE, and increasingly we need to target students for whom higher education is a critical investment for their stability and that of their families. This scholarship fund reaches students who have barriers to education, which makes it one of the most potent ways we can ensure Lake Elsinore thrives in years to come.”  

The scholarship fund offers three four-year scholarships of approximately $4,000 and one four-year scholarship of $6,000 for a college ROTC candidate to be awarded in the spring and disbursed in the fall of each year. Each Carl Graves’ Scholar will each have a local mentor who will aid and assist the student throughout their education.

“This amazing gift is a testament to Carl Graves’ dedication to our community that now extends well beyond his years of service; his generosity will help several deserving students further their education and become key pioneers for our community for decades to come,” said Steve Manos, Mayor of the City of Lake Elsinore.

The Carl Graves Endowment Scholarship Fund is named in honor of Carl Graves, who served as the City Treasurer of Lake Elsinore. Graves was a United States Army World War II Veteran and a mathematics teacher at various high schools in Southern California, including Lake Elsinore High School. 

To discuss how you can establish your own charitable fund or contribute to existing funds, contact Jose Marquez, Vice President of Charitable Giving at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 951-241-7777.