Community Foundation awards $440,000 in Scholarships to more than 200 area students

Friday, August 15, 2014

Community Foundation awards a record $440,342 in scholarships to 206 students throughout Eastern Connecticut; New record with 500 applicants

NEW LONDON, CT – More than 200 students from across the eastern region of Connecticut will receive $440,342 – the largest amount in the history of the Community Foundation of Eastern Connecticut – in scholarship aid thanks to many generous individuals, families, and area businesses who over the years have established nearly 100 funds to help promote access to education for local students.  This amount is an 18 percent increase over last year’s scholarship awards of $372,450. More than 500 students, a new record for the Community Foundation, applied for scholarship assistance.

The Community Foundation awarded $11,350 to 12 students in the Norwich area, $13,830 to  12 students from the Windham area, and $417,892 to 184 students in the southeast region, based on donor-initiated selection criteria. Visit http://www.cfect.org/Scholarships/2014CommunityFoundationScholarshipWinners for a complete list of scholarship winners.

"It is a joy for the Foundation to bring to fruition our donors' wishes to provide greater access to higher education for aspiring young people in our region" said Maryam Elahi, President and CEO of the Community Foundation of Eastern Connecticut. "We are thrilled to provide scholarships which help in making higher education, a right in many countries, a more tangible reality for students who would otherwise have a difficult time affording it given the current astronomical costs of it."

In recent years the cost of private college tuition in Connecticut has gone from $25,000 in 2004 to more than $38,000; tuition at four-year public colleges and universities has increased from $6,300 to just over $10,000, according to the College Board.

“We received a record number of applications this year – an indication that families continue to face a growing challenge when it comes to rising tuition costs,” said Mary Seidner, Foundation Trustee and Chair of the Community Foundation’s Scholarship Committee. “As a group of dedicated volunteers, the committee recognizes the merit and hard work of each student so it is hard when we are unable to help over half of the applicants. We hope this will inspire others with the interest and means to create their own scholarship funds so we can support an even greater number of students hoping to attend college.”

About the Community Foundation of Eastern Connecticut
Comprised of 430 charitable funds, CFECT stewards an endowment of $57 million and has awarded more than $33 million in grants and scholarships to area nonprofits and students since our founding in 1983. For donors, CFECT offers a complete toolkit for charitable giving, expert assistance in learning more about the causes they care about, and the opportunity to join others with similar interests to learn and give together. For the community at large, CFECT offers a permanent, growing source of grant and scholarship monies, as well as a common meeting ground and leadership on important issues in eastern Connecticut.

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Contact:

Andrew Martin
Director of Communications
Community Foundation of Eastern Connecticut
860-442-3572
andrew@cfect.org

Website: www.cfect.org

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