$1 Million Gift Supporting Scholarships For Lake Elsinore Unified School District
The Community Foundation Receives $1 Million Gift in Honor of Former City Treasurer of Lake Elsinore. Newly Established Scholarship Fund Benefits Four Students with $20,000 in scholarship awards
Lake Elsinore, CA – The Community Foundation (TCF) serving Riverside and San Bernardino Counties announced a gift of $1 million through a bequest to the City of Lake Elsinore from former City Treasurer Carl Graves. The City of Lake Elsinore established the Carl Graves Endowment Scholarship Fund at TCF to provide scholarships to eligible graduates of Lake Elsinore Unified School District high schools.
Recently, four students received a total of $20,000 in scholarships from the inaugural scholarship fund.
“We are pleased to carry out the legacy of Carl Graves in partnership with the City of Lake Elsinore,” said Michelle Decker, President and CEO of The Community Foundation. “Scholarships remain a large focus of our donors’ investments in the IE, and increasingly we need to target students for whom higher education is a critical investment for their stability and that of their families. This scholarship fund reaches students who have barriers to education, which makes it one of the most potent ways we can ensure Lake Elsinore thrives in years to come.”
The scholarship fund offers three, four-year scholarships of approximately $4,000 and one, four-year scholarship of $6,000 for a college ROTC candidate to be awarded in the spring and disbursed in the fall of each year. Each Carl Graves’ Scholar will have a local mentor who will aid and assist the student throughout their education.
“This amazing gift is a testament to Carl Graves’ dedication to our community that now extends well beyond his years of service; his generosity will help several deserving students further their education and become key pioneers for our community for decades to come,” said Steve Manos, Mayor of the City of Lake Elsinore.
The Carl Graves Endowment Scholarship Fund is named in honor of Carl Graves, who served as the City Treasurer of Lake Elsinore. Carl Graves was a United States Army World War II Veteran and a mathematics teacher at various High Schools in Southern California, including Lake Elsinore High School.
To discuss how you can establish your own charitable fund or contribute to existing funds, contact us at thecommunityfoundation.net or call 951-241-7777.
About The Community Foundation
The Community Foundation is the oldest and largest community foundation in Inland Southern California (Riverside and San Bernardino Counties). Established in 1941, at 78 years old The Community Foundation stewards over $100 million in assets and provides college scholarships and grants to nonprofit organizations across the two-county region and beyond. Since its founding, the Foundation has awarded more than $100 million to support programs that strengthen the community. For more information visit The Community Foundation’s website at www.thecommunityfoundation.net. Be a part of our conversation on Facebook, Twitter and LinkedIn.