Jessica Bound, a junior student at Catawba College, was selected to receive a UPS Scholarship for the 2010-2011 academic year. Bound is majoring in biology and is from Waxhaw, NC.
North Carolina Independent Colleges and Universities (NCICU), a Counsel of Independent Colleges (CIC) State Fund member association, distributed $2,700 in UPS Scholarship funds to Catawba College. At the national level, CIC through its Foundation for Independent Higher Education (FIHE) division coordinates with the UPS Foundation to secure funding for UPS Scholarships distributed through State Fund Member associations. This year, more than $1.5 million was awarded in scholarships from its UPS Educational Endowment Fund to private institutions of higher learning across the nation, including a grant of $97,200 to NCICU. These scholarships are awarded on the basis of the students' academic achievement and financial need.
The UPS Educational Endowment Fund, which is held and administered by FIHE, was initiated through endowment gifts from the UPS Foundation totaling $4 million and is now valued at $38 million. Since its inception, this fund has awarded over $46 million in scholarship support to over 15,000 students nationwide.
"A college degree opens the door to countless opportunities," said Ken Sternad, president of The UPS Foundation. "UPS takes great pride in our long-standing partnership with FIHE and in our support of thousands of students over the years who have been able to pursue an education from our nation's private colleges."
"This joint UPS/FIHE scholarship program has a direct, tangible impact on the education and careers of hundreds of young men and women each year," said Ned Moore, Executive Director of FIHE. "Because so many young men and women don't have the financial resources to complete their college education, the UPS Scholarships are critically important."
About The Council of Independent Colleges
The Council of Independent Colleges (CIC) is an association of more than 600 independent, liberal arts colleges and universities and more than 70 higher education affiliates and organizations that work together to strengthen college and university leadership, sustain high-quality education, and enhance private higher education's contributions to society. To fulfill this mission, CIC provides its members with skills, tools, and knowledge that address aspects of leadership, financial management and performance, academic quality, and institutional visibility. In addition, resources are developed through its Foundational of Independent Higher Education division and its 32 network of State Fund Members. The Council is headquartered at One Dupont Circle in Washington, DC. For more information, visit www.cic.edu.
About the UPS Foundation
Founded in 1951 and based in Atlanta, GA, The UPS Foundation's major areas of focus include community safety, nonprofit effectiveness, economic and global literacy, environmental sustainability, and diversity. The UPS Foundation pursues these initiatives by identifying specific projects where its support can help produce a measurable social impact. In 2009, The UPS Foundation directed more than $98 million in philanthropy to charitable organizations worldwide. Visit community.ups.com for more information about UPS's community involvement.
About North Carolina Independent Colleges and Universities
NCICU is a 501(c) 3 non-profit corporation that represents North Carolina's 36 private colleges and universities. The mission of NCICU is to support, represent, and advocate for North Carolina independent higher education. NCICU represents independent higher education in the areas of state and federal public policy and on education issues with the other sectors of education in the state. They also provide research and information to and about private colleges and universities, conduct staff development opportunities and coordinate collaborative programs. For more information about NCICU, visit www.ncicu.org.
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