The Investors Savings Bank Foundation, which provides funding to nonprofit organizations that enhance the communities the bank serves, has awarded $24,000 to the Scholarship Fund for Inner-city Children.
The Scholarship Fund provides partial tuition scholarships to economically disadvantaged children attending private and parochial schools in Bergen, Essex, Hudson, and Union counties. Since its founding in 1983, the fund has distributed more than $30 million in partial scholarships to more than 40,000 students. Scholarships are based on financial need and are awarded without regard to race, religion or ethnic background. The Foundation grant will be used to fund four-year partial scholarships, at $2,000 a year, for four incoming freshmen who will begin attending high school in the Archdiocese in September.
“We consider our work to be a partnership between our organization, the students, their parents, and our network of more than 100 schools,” said Gerard O’Connor, the Scholarship Fund’s Executive Director. He explained that the students will need to remain in good academic standing for the scholarships to be renewed each year.
“For nearly 30 years, the Scholarship Fund for Inner-city Children has been helping promising young men and women to realize their full academic potential,” said Investors Savings Bank President and CEO Kevin Cummings, who praised the organization for its commitment to youth.
“We’re grateful for the Investors Savings Bank Foundation’s support in behalf of the students and families we serve,” said O’Connor. “This year we have awarded scholarships to over 2,200 students, but 1,500 qualified children remain on our waiting list. The generosity of our donors and corporate partners will help ensure that these deserving students can receive a top-quality education.”
About The Investors Savings Bank Foundation
Investors Savings Bank, headquartered in Short Hills, New Jersey, is a full-service community bank that has been serving customers since 1926. With $9 billion in assets and a network of more than 80 retail branches, Investors delivers personalized services and products tailored to the needs of its customers. Investors’ banking services include complete deposit, loan and cash management products for consumers and businesses. The Investors Savings Bank Foundation supports non-profit organizations that enrich the quality of life in the communities the Bank serves. To date, the Foundation has dispensed more than $4.7 million to support initiatives ranging from community and civic improvements to the fight against diseases.
For more information contact Investors at 1.800.252.8119 or visit www.isbnj.com.
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