The Charter Oak State College Foundation invites you to consider creating a lasting legacy by becoming a Founder of the Charter Oak State College Foundation’s Student Crisis Fund Endowment.
The Charter Oak State College Foundation’s Student Crisis Fund was established in 2011 to provide funds to Charter Oak State College students for unforeseen financial crisis situations that could prevent students from successfully completing their degree. A college degree can change the lives of many adult students and their families, but sometimes issues of life can become so burdensome that finishing college is way down on the list. The Student Crisis Fund is a critical resource to the Charter Oak State College student during extraordinary times of crisis. The uniqueness and value of the Student Crisis Fund reside in its ability to respond to unanticipated student needs immediately. The ability to respond almost instantly to emergency situations as compared to our other Foundation programs that provide for scholarships and awards that are planned well in advance of actual distribution has allowed us to step in and help students overcome unplanned obstacles that might otherwise derail their educational goals.
These awards, though usually quite modest, go a long way in providing assistance to the students. Such awards might be replacing a stolen, lost, or broken computer which prevents the student from continuing online courses, replacing broken eyeglasses, or paying the graduation fee that is not covered by any other financial aid program but is unaffordable to the student and will prevent them from graduating. These are just examples of the types of assistance available through this fund, and it is exciting to know that students have a resource of this type to get assistance.
Monies to support this fund have been on a “pay as you go” basis, but because of the positive impact of the funds on COSC students, we would like to create an endowment that could guarantee the continuation of this program. The Charter Oak State College Foundation is currently seeking twelve (12) founding members (individuals or companies) to pledge $10,000 each to create an endowment for this fund. Founders of the Student Crisis Fund Endowment will become a part of the permanent history of this extraordinary fund, which has received great interest from organizations, the community and our donors.
An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested and managed to achieve the Foundation’s investment philosophy of long-term growth and safety. Earnings from the invested assets are available for distribution to recipients of the Student Crises Fund. Excess earnings, capital gains, and continued donor contributions allow the endowment fund to grow and provide support for its designated purpose in perpetuity.
To learn more about becoming a Founder of the Charter Oak State College Student Crisis Fund, please contact Carol Hall by calling 860-515-3889 or emailing chall@charteroak.edu.