CCBC shares in $1 million awarded by Goldman Sachs Gives

Apr 27, 2016

CCBC one of nine community colleges across the U. S. to receive funding to support students with financial need

Community College of Baltimore County is one of nine community colleges from across the U. S. to share in $1 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 $800,000 in scholarships to more than 1,300 students; however, those dollars did not stretch far enough to meet all needs. Only 53 percent of the students who applied for and were eligible for scholarships received awards.

“CCBC students are increasingly at risk financially,” said CCBC President Sandra Kurtinitis. “Without financial support, their dream of earning a college education is in jeopardy. Goldman Sachs Gives will help us fill in some of our student’s financial gaps. Not only will their contribution help fund scholarships for students this year, the matching dollars will help to establish endowment scholarships that will last for years.”

“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,” said Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs. “Through our 10,000 Small Businesses program, 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. Each community college was required to demonstrate need and the ability to raise matching funds. The community colleges selected demonstrated 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.

Goldman Sachs Gives is committed to fostering innovative ideas, solving economic and social issues and enabling progress in underserved communities globally. Since 2010, Goldman Sachs Gives has supported need-based scholarships at more than 200 colleges and universities globally and is one of the largest private supporters of such aid in higher education.