Going deep, not wide
Last year we witnessed our largest graduating cohort of students. Ten of our recipients graduated, while six undergraduates reapplied for funding. It was the perfect time to implement some changes.
In June 2014, the Scholarship Selection Committee decided that, rather than invest smaller amounts in a greater number of students, we would "go deep rather than wide" and award larger scholarships to fewer students. By doing this, we were able to make a more significant impact on our recipientsâ€™ financial aid gaps. In most cases, we were able to completely bridge their remaining gaps.
The goal of the Tomorrow Fund has always been to bridge the gaps faced by low-income students after all other financial aid has been applied to their accounts. If we were to only bridge 50% of a large gap, students from limited/low financial backgrounds might be unable to provide the remaining 50% on their own. This could result in debt accrued at their institution with their transcript or diploma withheld until that student clears his/her debt. By providing larger scholarships, we can better assist students in addressing their financial aid gaps and help them toward degree completion.
Our ability to address financial aid gaps each year is directly tied to how much we fundraise. We are working hard to forge more partnerships, broaden our donor base, and expand awareness of our work. You can easily help in any number of ways by
- continuing your support
- increasing your support,
- telling others about our work
- inviting us to talk to your friends, professional networks, clubs, churches, or other groups
- introducing us to your company's philanthropic programs (such as matched giving)
- winning the lottery and sharing it with us!
I'd personally like to thank you for your
support this past year.
The Tomorrow Fund for Hispanic Students is successful because people believe in our work and donate.
Lastly, I'm thankful for our Advisory Board - a group of highly committed volunteers. These are all very busy civic and business leaders, and yet they are committed to improving Hispanic/Latino students' lives across our state.