March 26, 2013
The Scioto Foundation announces improvement in investments reports for 2012 and continuing progress in achieving goals set for its UCAN (University/College Access Network) initiative.
“The Scioto Foundation reports an ending market balance of approximately $24,565,560 as of December 31, 2012,” Executive Director Kimberly Cutlip has announced. “Contributions numbered 887 for last year and totaled over $968,000.
Four and a half years of data shows strong proof of great success for the Scioto Foundation’s UCAN (University/College Access Network) project as the program approaches the final stretch of its first five – year phase. Designed to help Scioto County students plan, prepare and pay for college, the Scioto Foundation’s major effort to provide increased educational opportunities for area youth reveals significant progress in the goals set for the program.
“Every one of the goals set at the beginning of the UCAN program are being accomplished,” Scioto Foundation Executive Director told representatives of Scioto County school systems in attendance at their 2012 fall UCAN update meeting.
All twelve school districts in Scioto County are participating in the UCAN program and making strides in increasing their scholarship endowments which are invested with the Scioto Foundation.
Seven Scioto County high schools met their goal of raising $10,000 to achieve a 1-1 maximum match for their UCAN scholarship endowments from the Scioto Foundation for the 2011-2012 school year. Those school systems included Notre Dame, Bloom-Vernon, Wheelersburg, Valley, Clay, East Community and Portsmouth Schools. Valley raised the year’s highest amount, exceeding the match limit by $1,105.56.
The Scioto Foundation matched school scholarship funds with $102,459 for the fourth year of the UCAN initiative, creating a combined total of $202,930 that has been added to the twelve school systems scholarship endowment funds invested at the Foundation during the 2011-2012 school year. The grand total of funds invested at the Foundation by schools in the four-year period is $425,845. That total has been matched with $411,020 by the Foundation, amounting to $836,866 in new scholarship funds for the four years of the UCAN program.
All twelve Scioto County high schools applied for Scioto Foundation UCAN $1,000 mini grants to provide assistance for Advanced Placement testing costs, college preparation courses or college pre-tests for the 2011-2012 school year. The schools used their grant funds to strengthen students’ preparation for college and improve their access to higher education, key goals of the UCAN initiative. A total $48,742 in mini grants has been awarded to schools for the five-year period.
Fourteen teachers representing nine Scioto County school systems and Shawnee State took part in SSU’s second Advanced Placement Summer Institute in July, 2012, with the help of tuition subsidies from the Scioto Foundation. Teachers completed courses in chemistry, English Literature and Composition, U.S. History and psychology in order to increase AP class offerings at their high schools. At the end of the UCAN program’s fourth year, a total of 156 teachers have taken advantage of stipends for AP certification in the amount of $52,035.
Twelve school districts awarded 35 new scholarships in 2011-2012 through their UCAN Scholarship Endowment Funds invested at the Scioto Foundation. The total amount of the fourth-year UCAN scholarships was $31,180 for the twelve school systems. New UCAN scholarships totaled $75,307 for all four years of the program.
The Scioto Foundation’s UCAN project, launched in the fall of 2008, is a network of partners dedicated to providing financial assistance to every Scioto County student who wants to go to college. Partners include all the Scioto County schools, the South Central Ohio Educational Service Center, Shawnee State University, local businesses and individual donors.
Besides the Scioto Foundation’s work with the local schools to build scholarship endowment funds, the UCAN program endeavors to educate students and families about the costs of college. The Foundation sponsored its second UCAN Go to College Night at the SOMC Friends Center last September to share financial information and advice with potential college students. SF also held a first-ever UCAN College Carnival in September at Earl Thomas Conley Park in West Portsmouth to encourage youngsters to get an early start on planning and paying for college. Both events are planned again for the fall of 2013.
The foundation has also established an on-line scholarship database, www.youcanfindascholarship.org that offers a wide variety of scholarship opportunities.
The Scioto Foundation continued its community fundraising campaign during 2012 with the goal of sustaining the UCAN match program for school scholarship endowments on a permanent basis.
Scioto Foundation scholarship awards given to area students in the past ten years show a dramatic growth, increasing in total amount per year from $22,666 in 2002 to $305,090 in 2012, the highest annual funding ever. Much of the considerable surge in funds and awards is due to the UCAC program, according to Cutlip. The total amount of scholarship funds awarded through the Scioto Foundation reached the sum of $1,707,414 with last spring’s awards.
For this year $310,000 is available to be awarded to local youth through 112 scholarship funds invested with the Scioto Foundation. The 2013 deadline for SF scholarship applications is April 3. Scholarship information and applications are available online at www.sciotofoundation.org and at the Scioto Foundation office, 303 Chillicothe Street, Portsmouth. Students and parents can also access information about local, state, national and corporate scholarships through the Foundation’s scholarship locator site, www.ucanfindascholarship.org.
Eight new funds supporting scholarships and community causes were established in 2012. They include the James T. Parker Family Scholarship Fund, the Frank “Dick” Hyland Memorial Scholarship Fund, the Scioto County Retired Teachers’ Association Scholarship Fund, two Ronald B. LeMaster Insurance Scholarship Funds benefitting Greenup County Schools and Lewis County Schools, the Linda Barry Snyder Fund, the JAB Community Fund and the George & Debra Esham Acorn Fund.
The Scioto Foundation is guided by a five-member volunteer board that is responsible for policy and grant-making decisions. Chairman of the SF board is Michael Gampp; other board members include Debra Esham, Jodi High, Joshua D. Howard and new board member Jonica Burke recently appointed to replace Dr. Wayne Wheeler, who served on the board since the late 1990’s. Two full-time and two part-time staff members manage the day-to-day operations of the Foundation. In addition to Kim Cutlip as executive director, Antonia Dengel is program officer, Therese Egbert is the accountant and Kay Bouyack is staff writer.
Further information about Scioto Foundation funding and investment opportunities or programs, including the UCAN initiative, may be obtained by contacting Cutlip at (740) 354-4612 or email@example.com.