Our Blog - Live Generously

Read the thoughts and impressions on a variety of topics written by Christopher F. Kerrigan, President and CEO of the Community Foundation as well as occasional guest bloggers.

Audi Hilton Head Spotlights Community Foundation of the Lowcountry

Everyday Matters: Every Day Matters

rss


Shrinking the Gap
By Christopher Kerrigan / May 31, 2019

 

June is the time of year when parents, grandparents, aunts and uncles are bursting with pride as they watch their child, grandchild, niece or nephew walk across the stage to receive their college diploma.

According to the National Student Clearinghouse Research Center, more than 2.2 million U.S. students earned a bachelor’s degree in 2017. A college education can have a tremendous impact on the quality of life, particularly when it comes to lifetime earning power. Did you know that a person who graduates from college will earn $1,000,000 more than a high school graduate over the course of their lifetime? Educational attainment not only impacts an individual’s ability to care for themselves and their families, it can benefit society by increasing tax collection and reducing social services.

Unfortunately, for some, the dream of attending college is out of reach. In South Carolina, the annual cost to attend Clemson “all in” is $25,000 a year; Furman is $64,000 a year. Those costs are prohibitive to many families. Each year, as tuitions rise, the gap widens between those who can afford to attend college and those who can’t.

At Community Foundation of the Lowcountry, we’re helping our donors shrink that gap. We work closely with individuals who have a passion for education – and a passion for helping deserving students – to establish scholarships. We make it easy. We collaborate with donors to develop scholarship criteria; we promote scholarships with students, parents and the schools; we administer the application process; we prescreen applicants; we handle the financial investing of the resources; and we help build the capacity to prepare a student for the future.

One of these students is a resourceful young woman who was raised in a home with seven other siblings. Her mother struggled with drug addiction and she and her siblings were sometimes forced to rummage through restaurant dumpsters for meals. Despite these overwhelming challenges, the student carried a 4.3 GPA and was a National Merit Scholar. In addition, she did volunteer work with children with disabilities.

She applied for – and received – a Krum Scholarship. Jim and Marge Krum had a passion for education and helping young adults succeed, not only academically, but through service to others. Students receiving Krum Scholarships boast outstanding academic credentials, but also demonstrate an extraordinary history of ongoing service to their school and community. This commitment of giving back in unselfish ways to enrich the lives of others is what exemplifies a Krum Scholar.

While the Krums were alive, they were actively involved in managing their scholarship. Upon their passing, a volunteer board continues their generous work. One of the most unique characteristics of the Krum Scholarship is that it can award up to $10,000 each year during the recipient’s undergraduate, graduate and professional degrees. There are currently 50 students receiving the Krum scholarship, all at various points in their academic careers.

That’s the legacy the Krums left our community by partnering with us. How can we help your philanthropic desires come true? Let me know.

blog comments powered by Disqus

Featured Post

  • Making Good Choices Posted last month
    There’s a Tibetan saying that tragedy can serve as a source of strength. It can also spur change. LowCountry Alliance for Healthy Youth provides educational programs to help local youth make good choices and avoid the tragedies that can come from alcohol and drug use.
  • All Together NOW Posted 3 months ago
    For many communities in the Lowcountry, “all together now” has taken on a more purposeful meaning. Seven local communities — Long Cove Club, Belfair, Palmetto Dunes, Hampton Hall Club, Colleton River Club, Hampton Lake and Moss Creek — have established funds with Community Foundation of the Lowcountry.
Read More »
Community Foundation of the Lowcountry

Mailing Address
P.O. Box 23019
Hilton Head Island,
South Carolina 29925

Office Location
4 Northridge Drive, Suite A
Hilton Head Island,
South Carolina 29926
Directions

Connect With Us

E-News Signup

Follow Us