For the first time in its 43-year history, the Clark College Foundation will distribute more than $1 million in scholarship awards during the 2016-17 academic year.
“It has taken a great effort to get to this monumental achievement,” said Lisa Gibert, president and CEO of the foundation. “For 83 years, the college has attracted students with rich and diverse interests and backgrounds, while hundreds of volunteers and concerned citizens have assisted in expanding the role of education as a fundamental solution to some of society’s ailments.”
She continued, “Meanwhile, thousands of donors have stepped up and boldly said, ‘Yes, I want to invest in Clark College to make a difference.'”
Clark College Foundation’s endowment portfolio has grown 13 percent in the past decade from $51 million to $58 million. This increase allows the foundation to distribute more funds for scholarships.
Clark students who live on their own in Washington can expect to spend $18,000 annually, according to a press release from the foundation, for tuition, fees, books, supplies, living expenses and transportation, and carry more than $5,100 in debt.