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Thursday, July 28, 2011.

Money generated for AVC scholarships

Antelope Valley College students will benefit from recent efforts to establish ongoing scholarships for students at the school.

Several community organizations and the Antelope Valley College Foundation were able to leverage local donations with a 50 percent matching gift offered through The Bernard Osher Foundation to create an endowment of $583,531 that will award $29,000 in annual scholarships in perpetuity.

The Bernard Osher Foundation in 2008 offered up to $25 million as matching money for scholarships at California’s 112 community colleges. The Osher Foundation contributed another $25 million to create the California Community Colleges Scholarship Endowment, which has already contributed $36,000 in scholarships to AVC students over the last three years, according to Bridget Razo, AVC executive director of advancement and foundation.

“This was a unique opportunity for community members to leverage matching money to create an ongoing scholarship in the name of their organization,” said Razo.

Those organizations creating permanent scholarships for AVC students, the amount donated, and the value of annual scholarships that will be awarded are:

Lancaster West Rotary, which committed $26,668 to create $2,000 in annual scholarships in perpetuity; Northrop Grumman Corporation, $13,500, $1,000 annually; Ron Emard “Cherish the Child” Scholarship, $13,334, $1,000 annually; Walt and Ginger Woltosz Tutor Scholarship, $13,740, $1,000 annually; McCutcheon Years Alumni Scholarship, $13,434, $1,000 annually; AVC Tutor Scholarship, $13,334, $1,000 annually; AVC Social and Behavioral Science Scholarship, $13,334, $1,000 annually; AVC Anatomy and Physiology Scholarship, $13,334, $1,000 annually; and the AVC Foundation Osher Scholarship, $258,723, $20,000 annually.

The largest single award of any of the scholarships will be $1,000.

In addition, Union Bank provided a $2,500 grant and AV Pediatrics, Allergy and Family Medicine contributed $3,000 to help fund scholarships through the program.

Razo noted scholarships are a tremendous help to AVC students, with 82 percent of the student population receiving some sort of financial aid to help them pay for their education.