The Community Foundation of Northern Illinois (CFNIL) recently announced matching endowments to Rockford University and Highland Community College in Freeport to create $1 million in endowed funds for scholarships.
Scholarships will be awarded to students living in northern Illinois that attend either school and demonstrate financial need.
The endowment fund, called the Rubin Education Challenge, is named after Dr. Louis and Violet Rubin who left a multimillion-dollar bequest to the CFNIL several years ago. CFNIL will match monies contributed by both schools dollar-for-dollar to create the endowed scholarship funds.
The Rubin Education Challenge is part of Education Works, a strategy adopted by CFNIL to support the area's education-to-employment pipeline. It funds after-school programs, career awareness initiatives and scholarship endowments.
"The Community Foundation of Northern Illinois is excited to find willing partners in Highland Community College and Rockford University to build permanent scholarship endowments," CFNIL President Jon Bates said "The scholarships will create more opportunities for students with financial need, produce more college graduates and strengthen the workforce in our region. The scholarships will also strengthen two of our great post-secondary institutions by providing them with a perpetual revenue stream."