Maricopa Community Colleges Foundation earns scholarship grant

Glendale among schools initiating effort

Posted 10/15/20

The Helios Education Foundation has awarded a grant to the Maricopa Community Colleges Foundation to fulfill a dollar-for-dollar U.S. Department of Education Title V Endowment Match Challenge, resulting in $1.2 million in newly endowed scholarships funds.

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Maricopa Community Colleges Foundation earns scholarship grant

Glendale among schools initiating effort

Posted

The Helios Education Foundation has awarded a grant to the Maricopa Community Colleges Foundation to fulfill a dollar-for-dollar U.S. Department of Education Title V Endowment Match Challenge, resulting in $1.2 million in newly endowed scholarships funds.

The effort began with three Maricopa Community Colleges – Glendale Community College, 6000 W. Olive Ave.; Estrella Mountain Community College, 3000 N. Dysart Road, Avondale; and GateWay Community College in Phoenix. The three participated in an endowment challenge in their DOE Title V grants with the goal of raising the maximum match before the five-year Title V grant programs ended.

The Helios Foundation stepped-in with a matching grant to help achieve the DOE match.

“Helios Education Foundation is excited to partner with the Maricopa Community Colleges Foundation to establish the Hispanic Serving Institutions Scholarship Fund,” Helios Education Foundation president and CEO Paul J. Luna stated in a news release. “These scholarships will help ensure more students in Arizona have the opportunity to pursue and complete a postsecondary degree, including Latino and first-generation students.”

Between the Helios grant and local fundraising, the Title V Endowment Challenge successfully achieved a match of $640,000, resulting in endowed funds totaling more than $1.2 million.

Revenue generated by these endowments will provide annual support for scholarships and programs targeting low-income and underserved students.

“More than 115 students will benefit each year directly as a result of these endowed funds,” Maricopa Community Colleges Foundation interim president and CEO Brian Spicker stated. “It’s exciting to see how our longstanding partnership with Helios has grown over the years from a $15,000 Heroes of Education sponsorship in 2007 to an investment of nearly $5.8 million throughout multiple scholarships and programs..”

Email judy.sanchez@domail.maricopa.edu or call 480-731-8739.

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