NONPROFIT COLLEGE POSSIBLE SECURES $1 MILLION IN FUNDING

College Possible, a nonprofit that helps low-income students, announced Friday it has secured $1 million from Massachusetts-based venture philanthropy fund New Profit Inc.

College Possible, based in St. Paul, coaches and encourages low-income students to go to college. The nonprofit said the money will help it increase the annual number of students in its program to 20,000 as early as 2015.

Currently, College Possible is helping 8,700 students in Minnesota, Nebraska and Wisconsin this school year. Since it was founded in 2000, 98 percent of its high school seniors have been accepted to colleges. New Profit will give $1 million over four years to College Possible.

As part of the deal, College Possible also receives consulting services from Massachusetts-based The Monitor Group.

“This really is like getting called up to the big leagues within the nonprofit sector and we are thrilled to receive this sort of support from New Profit at such a critical time,” said CEO Jim McCorkell in a statement.

For more on grants and grant writing, visit Grant Pros.

Advertisements

3 Comments

Filed under COMMUNITY, EDUCATION

3 responses to “NONPROFIT COLLEGE POSSIBLE SECURES $1 MILLION IN FUNDING

  1. Non-profit education (along with online delivery) is the future for many, many students that could not otherwise afford college. This is great news!

Any comments about this article?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s