CCBC to receive $150,000 in grant dollars
CCBC is one of nine community colleges from across the U.S. to share in one million grant dollars distributed through Goldman Sachs Gives Community College Fund.
CCBC will receive $150,000, which will be matched by donors within the local community, to help students with financial need. Almost 50 percent of CCBC’s student body relies on some type of financial aid. In 2015, CCBC awarded nearly $2 million in scholarships to students. However, those dollars did not stretch far enough to meet everyone’s needs.
“ Although CCBC can substantially reduce the size of college debt, CCBC students are increasingly at risk financially,” said CCBC President Sandra Kurtinitis. “Without financial support, their dreams of earning a college education are in jeopardy. Goldman Sachs Gives will help us fill in some of our student’s financial gaps. Endowment match dollars give us the ability to create what we call ‘100-year money’ – endowment scholarships that will last for years,” Kurtinitis observed.
Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, said that grants from Goldman Sachs Gives “reinforce our belief that community colleges serve a unique need by providing educational opportunities to individuals who may not otherwise be able to pursue or complete a degree. Through our 10,000 Small Businesses program,” Blankfein added, “we have seen the positive effects these institutions can have on individuals and their communities, and we are committed to helping extend educational opportunities to more people.”
The nine community colleges selected as recipients of Goldman Sachs Gives went through a competitive process in which each institution was required to demonstrate need and the ability to raise matching funds. The community colleges selected exhibited a record of successful partnership building, exemplary leadership, and a commitment to ensuring that students from all backgrounds and socioeconomic levels have access to educational opportunities through a robust financial aid program.