SOMC donates $20,000 to UCANPosted on August 2, 2013
Southern Ohio Medical Center has presented a major gift of $20,000 to the Scioto Foundation’s UCAN (University/College Access Network) Endowment Fund. The significant contribution to the endowment fund is an important step in building increased scholarships for Scioto County youth into the future, according to Scioto Foundation Executive Director Kim Cutlip.
“We are proud to support programs that foster positive development in our local youth,” Director of Community Relations and Development Kara Redoutey said. “SOMC is always looking for ways to strengthen our community, and by helping make college a reality for local students, the Scioto Foundation and the UCAN program do just that.”
“We look forward to a long, sustained partnership with SOMC and we welcome its leadership as the Scioto Foundation moves forward in the second phase of the UCAN program,” said Cutlip. “This gift will help promote the growth of the UCAN plan overall. It brings the value of the Foundation’s UCAN General Endowment Fund to a quarter of a million dollars.”
Designed to help local students plan, prepare and pay for college, the UCAN plan is currently wrapping up its fifth year showing evidence of great success in all of its primary goals.
SF’s UCAN General Endowment Fund is used for any or all of UCAN needs, most specifically to continue making challenge grants available to local schools in future years. The challenge grants provide matching funds for monies raised by twelve participating Scioto County school systems to grow their own UCAN Endowment Funds.
The first five years of UCAN have shown success. Local schools combined with the Scioto Foundation’s matching monies have raised approximately $1,000,000 for their respective scholarship endowment funds. From that invested amount, 155 local students received $116,000 in UCAN scholarships. Eighty-two teachers from Scioto County schools earned certification to teach AP courses through stipends from the Scioto Foundation in the amount of $52,035. $48,742 in mini-grants was awarded to the 12 participating school systems to assist with the costs of tests and fees. A centralized scholarship database, www.ucanfindascholarship.org, exists for Scioto County students and parents looking for scholarship dollars. It received over 5,000 hits so far.
Finally, UCAN is working to “create a college-going community” via a College Night for grades 7 – 12 and a College Carnival for grades K – 3 scheduled in September.
Further information about the UCAN program and ways to support it may be obtained by contacting Cutlip at (740) 354-4612 or email@example.com.