USA Funds to Award $2 Million to Promote College Success
Grants aim to enhance student success in higher education
INDIANAPOLIS, July 8 /PRNewswire/ -- To commemorate its 50th anniversary of service to higher education, USA Funds® will award grants totaling up to $2 million to nonprofit organizations to bolster student success in postsecondary education.
The Indianapolis-based nonprofit today announced the USA Funds Trustees' National Award for College Success, an award of up to $1 million to a nonprofit organization outside the state of Indiana to promote student success in postsecondary education. USA Funds will award a second grant of up to $1 million to an Indiana-based nonprofit organization to promote student success in postsecondary education in the state of Indiana. The second award, the USA Funds John Burkhart Indiana Award for College Success, is named in memory of Burkhart, an Indianapolis business and civic leader, who was one of the founders of USA Funds.
"The majority of the jobs in the work force today require education beyond high school," said Ernest J. Newborn II, chairman of the USA Funds board of trustees, "yet fewer than four of every 10 young adults — both nationally and in Indiana — have college degrees."
The USA Funds awards are designed to enhance and expand programs that advance the complementary national goals of increasing the percentage of American adults with college degrees to 60 percent by 2025 and re-establishing the United States as the nation with the highest proportion of college graduates in the world.
Applications for both awards open on July 8 and close on Oct. 1. Information about the awards and an online application are available from www.usafunds.org/collegesuccess.
A panel of outside advisers to USA Funds will recommend finalists for each award. USA Funds will announce recipients of both awards in March 2011.
Organizations seeking the awards must have a demonstrated track record of proven results in promoting student success in postsecondary education. The programs selected to receive the awards must enhance student success rates in higher education, including success rates for underserved student populations, especially low-income students, students of color and first-generation students.
Headquartered in Indianapolis, USA Funds is a nonprofit corporation that works to enhance postsecondary education preparedness, access and success by providing and supporting financial and other valued services. For more information about USA Funds, visit www.usafunds.org.
SOURCE USA Funds
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