Study.Net Donates $100,000 to Non-Profit Foundation

Dec 16, 2010, 10:00 ET from Study.Net Corporation

SALT LAKE CITY, Dec. 16, 2010 /PRNewswire/ -- Study.Net Corporation announced today that it will contribute $100,000 as an initial gift to Study.Net Foundation, an independent non-profit foundation created to support the development of innovative online learning content, and subsidize the purchase of electronic course material by college and university students.

According to Jay McGoodwin, Study.Net Corporation's President and CEO, "Contributing to this foundation is the first step in what has been a long term goal of the company's founders and current management. We're extremely excited about the prospects of web-based learning and content delivery. After more than ten years in the business, it's time to share our success, and assist both creativity and need in a meaningful way."

Study.Net's gift is designed to jump-start the Foundation and allow for content development grants to be made as early as January 2011. Steven Zubkoff, the Foundation's recently appointed Executive Director, noted, "Although the technology for online content delivery has been available for years, the most pressing need is for engaging, effective material that takes advantage of this technology. Our hope is that Study.Net Foundation can play a useful role in the rapid development of innovative electronic content."

In addition to the creation of new learning material, the Foundation will also award grants of up to $250 per student to assist with the purchase of required course material. According to Greg Otter, Study.Net Corporation's Vice President of Sales, "Increasingly, the purchase of textbooks and assembled course-packs represents a significant cost to students. To both encourage the use of less expensive electronic content, and absorb some of the sting associated with these required purchases, Study.Net is pleased to contribute and help students, as early as next term, obtain required electronic course material."

Study.Net Corporation has been a leader for the past decade in the field of online content delivery for higher education students. More than 8,000 professors at more than 900 colleges and universities worldwide have registered to use the company's free services that allow electronic content from practically any source to be quickly assembled and delivered securely to students on the device of their choice. The company maintains offices in the US and Europe.

Study.Net Foundation is an independent non-profit foundation, dedicated to providing content development grants to support the creation of innovative web-based learning content; and to providing student need awards to subsidize the purchase of required electronic course material by college and university students.

SOURCE Study.Net Corporation