Gateway Technical College was named one of nine colleges to receive a grant from the Goldman Sachs Gives Community College Fund, Goldman Sachs announced today.
The $100,000 award to the Gateway Technical College Foundation Inc. is part of an overall $1 million donation from Goldman Sachs Gives, a donor-advised fund, and will be matched by donors in each of the nine communities.
Gateway’s specific award will provide scholarships for Gateway students in each of three areas: graduating high schoolers who have committed to Gateway, new adult learners and continuing Gateway students.
“We are deeply grateful to Goldman Sachs Gives for their incredible investment in Gateway students,” said Foundation Executive Director Jennifer Charpentier. “Their generous gift to the Gateway Foundation's endowment will provide generations of Gateway students with scholarship dollars they need to complete their educational goals.”
Gateway is the only college in Wisconsin to receive a grant, selected through a competitive application process.
Charpentier said her group anticipates four to five scholarships will be made available annually after the funds have generated sufficient income to disburse.
Students will be able to apply for the Goldman Sachs Gives scholarships through the Foundation's regular application periods: Winter/Spring for high school students; Summer for new adult learners; Fall for continuing students.
In selecting the nine colleges, Goldman Sachs noted that “each community college was required to demonstrate both need and the ability to raise matching funds. The community colleges selected have demonstrated a record of successful partnership-building, exemplary leadership and a commitment to ensuring that students from all backgrounds and socioeconomic levels have access to educational opportunities through a robust financial aid program.”
For more information on Gateway’s Foundation, please contact Jennifer Charpentier at (262) 564-2822.
For more information on Goldman Sachs Gives, please contact Leslie Shribman at (212) 902-5400.