Jack Kent Cooke Foundation Receives College Advising Corps' Inaugural Investor Impact Award
October 6, 2014 09:37 AM
October 6, 2014
Media Contact: Elizabeth Davidson
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Jack Kent Cooke Foundation Receives College Advising Corps’
Inaugural Investor Impact Award
Lansdowne, Virginia – The Jack Kent Cooke Foundation (JKCF), the nation’s largest scholarship foundation, has been selected as the first-ever recipient of the College Advising Corps Investor Impact Award. This award is intended to recognize donors whose significant and sustained support has enabled the College Advising Corps (CAC) to provide college counseling to thousands of high-need students throughout the United States. Since it began nine years ago, the Jack Kent Cooke Foundation has awarded more than $13 million to CAC and its university-based programs.
“The Jack Kent Cooke Foundation is honored to be the first recipient of this award,” stated Executive Director Levy. “By using well-trained near-peer advisers, the College Advising Corps provides an effective and low-cost approach to increasing college going rates for thousands of low-income and first generation college students every year.”
College Advising Corps Board Chair Peter T. Grauer, Chairman of Bloomberg L.P., presented this award to Jack Kent Cooke Foundation Vice President of Programs Emily Froimson, accepting the award on behalf of Executive Director Harold O. Levy on October 2, 2014 before an audience of 500 advisers, program directors, and College Advising Corps staff. Ms. Froimson told the assembled group that “It has been the Foundation’s privilege to seed, support, and launch the College Advising Corps,” noting the special relationship the Foundation continues to have with the organization. The award ceremony took place at the CAC’s annual Advisor Summit meeting in Washington, D.C.
The College Advising Corps is the first national program to ensure that thousands of high-achieving, low-income students each year apply to schools that match their abilities and thus improve their likelihood of completing college. Financial support from the JKCF’s has enabled the College Advising Corps, to grow in less than a decade from a pilot project at the University of Virginia to a nation-wide nationally recognized non-profit organization. In the past five years alone the CAC has expanded from 146 advisers serving 48,300 students to 470 advisers serving more than nearly 150,000 in 2014-15.
The Jack Kent Cooke Foundation, the largest scholarship foundation in the country, is dedicated to advancing the education of exceptionally promising students who have financial need. Because we have demonstrated over the last 15 years that high-potential, low-income students will excel educationally when given the resources to develop their talents, the Foundation supports exceptional students from elementary school to graduate school through scholarships, grants and direct services. The Foundation also offers grants and supports research to further advance high-performing students with financial need. Founded in 2000 by the estate of Jack Kent Cooke, the Foundation has awarded $125 million in scholarships, and $79 million in grants to organizations that support its mission. www.jkcf.org