Bank of America Charitable Foundation Donates $5,000 to Benefit College in the High School Program
Hudson Valley program allows high school students to earn college credit
CONTACT: Janine Kava (518) 629-8071
FOR RELEASE: Dec. 12, 2006
The Bank of America Charitable Foundation has donated $5,000 to the Hudson Valley Community College Foundation to fund scholarships for high school students who take college-level courses – and earn college credits – during their regular school day through Hudson Valley’s College in the High School program.
The gift will augment an endowment created earlier this year by the Hudson Valley Community College Foundation to fund scholarships and future development of the College in the High School program. To date, $20,000 has been raised toward the endowment.
“Supporting educational initiatives, such as this one, is one of Bank of America’s philanthropic priorities in this region,” said Jennifer L. Macphee, Capital Region market president, Bank of America. “These funds will help defray the cost – and, in some cases, make possible – a college education for our community’s youth. Higher education is a key to success, and we are thrilled to take an active role in helping more students go to college.”
The scholarships benefit low-income students. Thus far, 31 students from high schools including Albany, Averill Park, Bethlehem and Troy, have received scholarships, which offset the cost of a College in the High School course by 25 percent per credit hour. The net cost to a student for a College in the High School course is $30 per credit hour, with most courses being three or four credits. Another round of scholarships will be available in the spring.
Hudson Valley has offered College in the High School courses since the 1995, and enrollment in the program has grown steadily since then. In the 2005-06 academic year, 2,764 high school students enrolled in the courses, compared to 2,087 students during 2004-05, a 32 percent increase. This fall, 1,691 students are enrolled.
The program has grown in popularity because it appeals to both high-achieving students who want to get a jump-start on college and students who are testing the waters to see whether college is right for them. In addition, many of the courses, particularly those in the liberal arts, are transferable to Hudson Valley or other colleges and universities, according to Suzanne Brownrigg, director of the program.
Hudson Valley partners with 28 secondary schools – high schools and Board of Cooperative Education Services (BOCES) sites – throughout the Capital Region to offer the courses, which range from General Psychology and Sociology to Art History and Spanish Language and Culture. South Colonie, Troy, and Averill Park high schools have the most students participating in the courses.
The Hudson Valley Community College Foundation is a not-for-profit charitable corporation formed in 1983 to philanthropically support the college’s mission. Gifts to the Foundation from alumni, corporations and friends are used to enhance programs, facilities and scholarship opportunities at the college.
Founded in 1953, Hudson Valley Community College offers more than 70 degree and certificate programs in four schools: Business; Engineering and Industrial Technologies; Health Sciences; and Liberal Arts and Sciences, as well as programs run through the Educational Opportunity Center offering certification programs in workforce and academic preparation. One of 30 community colleges in the State University of New York system, it has an enrollment of more than 12,000 students, and it is known as a leader in distance learning initiatives and worker retraining. Hudson Valley has more than 60,000 alumni.
About Bank of America Corporate Philanthropy: In 2005, the Bank of America Charitable Foundation embarked on a $1.5 billion philanthropic goal over the next 10 years. The bank has announced it will donate $200 million in 2006. The bank approaches giving through a national strategy called “neighborhood excellence” under which it works with local leaders to identify and meet the most pressing needs of communities. Through Team Bank of America, bank associate volunteers contribute more than 650,000 hours each year to improve the quality of life in their communities nationwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation.