Originally published: April 4, 2022
Contact:
Barry Johnson
Email: btjohnson@ccp.edu
Cell: 267-666-7881
Community College of Philadelphia Foundation Receives $50,000 U.S. Bancorp Community Development Entity Grant
The grant provided 39 students who faced financial hardships with the support needed to move forward and continue their studies
PHILADELPHIA – The Community College of Philadelphia Foundation (the Foundation) announced that it received a $50,000 grant from the U.S. Bancorp Community Development Entity (USBCDE). The grant was used to provide scholarships to help students enrolled at the College overcome financial hardships that would have prevented them from continuing their education.
“The grant from U.S. Bancorp Community Development Entity made a real difference for Community College of Philadelphia students, giving them the support needed to move forward,” said College Vice President for Institutional Advancement and Foundation Executive Director Dr. Mellissia M. Zanjani. “The Foundation is incredibly grateful for the generous grant that helped students to continue their educational journeys.”
The College’s Student Tuition Services and Office of Financial Aid worked together to select student recipients. Students were referred by faculty and staff from across the College community including Counseling, Student Tuition Services, and the Single Stop office, which supports students in exploring, navigating, and obtaining additional financial resources. Many staff members who work with students on a daily basis advocated on their behalf expressing the continued impact the effects of the coronavirus pandemic have had on students.
"USBCDE is proud to support the critical work of the Community College of Philadelphia Foundation in providing scholarships to students who are experiencing financial hardships,” said Marissa Price, USBCDE program manager. “Along with using a portion of our New Markets Tax allocation to construct the Career and Advanced Technology Center, we were able to support CCP students directly with a $50,000 grant to help finance tuition and fee expenses. USBCDE has committed to using its allocation to reduce the racial wealth gap, and this grant helps alleviate some of the financial burden that students – particularly students of color – too often shoulder alone."
The 39 students selected to receive the scholarship represent the following demographics: 66 percent qualify as low-income; 74 percent identify as women; and 85 percent identify as people of color. The average GPA of the students who received the scholarship was a 3.0 GPA.
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About the Community College of Philadelphia Foundation
The Community College of Philadelphia Foundation enhances and enriches the educational experiences of Community College of Philadelphia students by providing external resources to support the College's mission. As its private funding development arm, the Foundation seeks to support the College's mission by bringing together community leaders who will serve as ambassadors broadening the College's image community wide. The Foundation serves the College by creating partnerships with individuals, businesses, organizations, and foundations to raise private gifts for scholarships, instructional equipment, professional development, and capital needs.
About U.S. Bancorp Community Development Corporation
U.S. Bancorp Community Development Corporation, the community investment and tax credit subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country and includes our U.S. Bancorp Community Development Entity. As a leading community development investor, lender and tax credit syndicator, our capital commitments contribute to the creation of new jobs, rehab of historic buildings, construction of needed affordable housing, development of renewable energy facilities and generate economic activity in underserved communities. Visit USBCDC on the web athttp://www.usbank.com/cdc.