Nonprofit Resources in the State Judy Cantoni, Community Foundation of the Ozarks Beth Hersh, Community Foundation of the Ozarks Valerie SALAZAR, KC Scholars Teresa Steinkamp, The Scholarship Foundation of St. Louis Thurman Young, The Scholarship Foundation of St. Louis Ellen Vietor, Scholarship Central
Who is Community Foundation of the Ozarks? • Established in Springfield (Greene County) in 1973 • All volunteer until 1988 • First community affiliate in 1993 (Nixa) • Today, 49 community affiliates • More than 3,000 separate funds • $300M in assets (72nd largest in country, 10th busiest) • Offices in Springfield, Cape Girardeau and West Plains • Full-time staff of 18 November 10, 2018 MASFAP Conference I Keeping it REAL
The Big Picture Areas of giving: November 10, 2018 MASFAP Conference I Keeping it REAL
CFO Scholarships CFO administers 424 scholarships CFO service area is southern Missouri outside of St. Louis & Kansas City Scholarship funds are created by individuals, families & companies Donors determine the size and criteria for the scholarship Amount of scholarships range from $400 to $6,000 Scholarships support: High School Seniors, Current College Students, Medical Students, Nursing Students, Dentistry Students, Law Students 19 scholarships are opened to our entire service area Academic year 2018–19: Scholarships totaled $1.4M, touching 903 students November 10, 2018 MASFAP Conference I Keeping it REAL
CFO Managed Funds Distributed for Education Over $600,000 disbursed for educational scholarship purposes for FY 2018 from private foundations and scholarships managed by CFO. These funds established by schools, organizations and private donors who choose to manage the disbursement process outside of CFO’s scholarship area. CFO disburses these funds to the institution or organization for review and distribution under individual criteria established and managed by the donor or third party assigned. November 10, 2018 MASFAP Conference I Keeping it REAL
The Magic of Compound Interest November 10, 2018 MASFAP Conference I Keeping it REAL
One Gift, Many Generations YEAR 1 • Establish a named fund with a $100,000 gift YEAR 15 • $82,600 in cumulative grants and services, $165,000 balance • Initial gift has been invested one time YEAR 25 • $166,000 in cumulative grants and services, $238,000 balance • Initial gift has been invested almost two times YEAR 25 • $538,000 in cumulative grants and services, $534,000 balance • Initial gift has been invested five times (Assumes 4 percent annual payout and 7.5 percent annual return) November 10, 2018 MASFAP Conference I Keeping it REAL
Everyone can be a philanthropist Encourage others to make a difference too! November 10, 2018 MASFAP Conference I Keeping it REAL
Questions/Contact Information Judy Cantoni, Regional Director of Advancement Community Foundation of the Ozarks – East Region Office 980 N. Kingshighway Cape Girardeau, MO 63701 573.803.1248 (office) 573.579.2079 (cell) jcantoni@cfozarks.org Beth Hersh, Scholarship Manager Community Foundation of the Ozarks – Springfield Office 425 E. Trafficway Springfield, MO 65801 417.864.6199 bhersh@cfozarks.org November 10, 2018 MASFAP Conference I Keeping it REAL
KC Scholars – Three Components 1. Traditional scholarship (at least 250 new recipients per year) 11th grade application; 12th grade preparation support Up to $10K per year for up to five years (after 12th grade) 2. Adult learner scholarship (up to 200 new recipients per year) Age 24+ with at least 12 earned college credits Up to $5K per year for up to five years (once admitted) 3. College savings account/match (500 accounts seeded @ $50; at least 50 new recipients per year) 9th grade application and acceptance 4:1 match (up to $5K from KCS) on college 529 savings $2K in additional incentives November 10, 2018 MASFAP Conference I Keeping it REAL
Eligibility for KC Scholars November 10, 2018 MASFAP Conference I Keeping it REAL
KC Scholars’ Recipients 1,500 scholarships and college savings accounts 75% first-generation to college 81 unique high schools 76% students of color 16% of 11th graders had a 4.0 GPA Average ACT of 22.7 82% have 4,000 or less EFC Ages 14 to 75 Families November 10, 2018 MASFAP Conference I Keeping it REAL
Student Support Service Providers November 10, 2018 MASFAP Conference I Keeping it REAL
Postsecondary Network November 10, 2018 MASFAP Conference I Keeping it REAL
Early Impact November 10, 2018 MASFAP Conference I Keeping it REAL
Early Impact November 10, 2018 MASFAP Conference I Keeping it REAL
The Scholarship Foundation of St. Louis November 10, 2018 MASFAP Conference I Keeping it REAL
The Scholarship Foundation of St. Louis The Foundation sees higher education as a catalyst, an agent of change for individuals, families, communities, and nations. We envision a community that recognizes the importance of educational attainment and assures positive educational outcomes are accessible to all regardless of economic circumstance. In our community, doors will not be closed to those who lack financial resources, and postsecondary education will be available to all with the potential to succeed. To build this community, The Scholarship Foundation will: Promote and provide financial support for postsecondary education; Assure that students have the information necessary to make sound financial decisions; Lead a collaborative network of community and educational partners aligned to support student preparation, transition, and persistence to degree completion. November 10, 2018 MASFAP Conference I Keeping it REAL
The Scholarship Foundation of St. Louis Academic Promise Character Financial Need November 10, 2018 MASFAP Conference I Keeping it REAL
The Scholarship Foundation of St. Louis St. Louis Metropolitan Statistical Area (St. Louis City; Franklin, Jefferson, Lincoln, St. Charles, St. Louis, and Warren counties) 2.0. GPA May attend accredited, nonprofit institution nationally. Interest-Free Loan & Grant Programs County Specific: -Boone -Crawford -St. Charles -St. Francois -St. Louis County -St. Louis City 2.0 GPA Plans to attend a PUBLIC college or university in-state BJC Scholars Fund Statewide 2.5 GPA Students who have experienced parental incarceration. Ava’s Grace ALL are need-based November 10, 2018 MASFAP Conference I Keeping it REAL
The Scholarship Foundation of St. Louis 1:1 Advising Persistence Advising Workshops November 10, 2018 MASFAP Conference I Keeping it REAL
Student-focused regional resource Developed to assist low-income students, first-gen students and students of color. FREE and EASY for: - Applicants, Scholarship Providers, Recommenders November 10, 2018 MASFAP Conference I Keeping it REAL
myscholarshipcentral.org Two Steps: Simplified reference requests Complete the General Application (profile) Must also select and apply to opportunities (Over 100 available) Simplified reference requests External opportunities resource November 10, 2018 MASFAP Conference I Keeping it REAL
Opportunities Missouri St. Louis Region (MO/IL) MSLF Access Extra Purdy Emerging Leaders AABE OCA – Asian Pacific Advocates MOACAC Missouri Women Legislators MASFAP (now closed) St. Louis Region (MO/IL) Most can be used at any school November 10, 2018 MASFAP Conference I Keeping it REAL
2018-2019 1600 awards Providers using Scholarship Central: Over $7.5 million awarded November 10, 2018 MASFAP Conference I Keeping it REAL
Need help with Scholarship Central? Students: support@myscholarshipcentral.org Staff: ellen@myscholarshipcentral.org Please help us grow Scholarship providers we should contact? November 10, 2018 MASFAP Conference I Keeping it REAL