WASHINGTON, Oct. 18, 2011 /PRNewswire/ -- The Hispanic College Fund (HCF) today announced a $180,000 grant from the Verizon Foundation to support Latino youth for college and career success. The majority of the grant ($155,000) will go directly toward funding scholarships for high-achieving college students. The remaining $25,000 will go toward HCF's 2011 one US Gala, to be held on Oct. 19 in Washington, D.C. All proceeds of the event will support HCF's pipeline of programs.
"Lack of financial resources is a major barrier in the Latino community. With its generous support, Verizon is helping the Hispanic College Fund serve economically disadvantaged yet deserving students who have the power to transcend the boundaries of their environment through accessing higher education," said Dr. Carlos E. Santiago, chief executive officer of the Hispanic College Fund. "The outstanding contributions Verizon has invested since 2002 are symbolic of the collaboration we seek with our 2011 one US Gala theme: 'coming together to strengthen America's future through Latino student success.'"
Rose Stuckey Kirk, president of the Verizon Foundation, said, "Education can help transform lives. We're proud to do our part to help students obtain their dream of achieving a college degree so they can have a brighter future."
A recipient of a scholarship supported by the Verizon Foundation is Angel Cabrera, a senior at New Mexico State University. For the first time, Cabrera has been able to fully benefit from the college experience. In previous years the financial burden on her family and herself was far too great for her studies and related activities to be her main focus and priority. However, this year is an entirely different story.
"I have spent my nights studying hard without the arduous worry of figuring out if I was able to pay my rent for the next month – and the feeling is indescribable," said Cabrera.
For nearly 10 years, Verizon has financially supported the college education of hundreds of Latino students through the Hispanic College Fund. Approximately 30 HCF Scholars, including three Verizon Scholars, will be honored at the Hispanic College Fund's 2011 one US Gala on Oct. 19.
For more information about the 2011 one US Gala, visit http://www.HispanicFund.org/gala.
To learn more about the Hispanic College Fund, visit www.HispanicFund.org.
About the Verizon Foundation
The Verizon Foundation, the philanthropic arm of Verizon, uses its technology, financial resources and partnerships to address critical social issues, with a focus on education and domestic violence prevention. In 2010, the foundation awarded nearly $67 million to nonprofit agencies in the U.S. and abroad. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered nearly 6 million hours of community service since 2000. For more information on the foundation, visit www.verizonfoundation.org.
About the Hispanic College Fund
Founded in 1993, the Hispanic College Fund (HCF) is a non-profit organization based in Washington, D.C., with a mission to develop the next generation of Hispanic professionals. For 18 years, the Hispanic College Fund has provided educational, scholarship, and mentoring programs to students throughout the United States and Puerto Rico, establishing a career pipeline of talented and career-driven Hispanics. The Hispanic College Fund annually awards millions of dollars, impacting thousands of students through high school to college and career. HCF has been recognized by USA Today as one of the nation's top 25 charities and has twice received Charity Navigator's top four-star rating for fiscal responsibility. In 2010, the College Board recognized HCF for program innovation. www.hispanicfund.org
SOURCE Hispanic College Fund