Valero foundation gift creates scholarships at Alamo Colleges
The Valero Energy Foundation has made a leadership gift of $100,000 to the Alamo Community College District Foundation to establish the Valero Energy Foundation Distinguished Scholars program, which will award two-year scholarships of $4,000 to 25 students across all disciplines at the various Alamo Colleges.
The scholarships will be effective starting with Fall 2009 freshmen and will cover students' freshman and sophomore years to bring them to the finish line of their associate degree, as well as position them to pursue and complete a four-year degree.
The Valero gift will respond to a great unmet need of the Alamo Colleges—general scholarships that are not subject-specific or solely merit-based. The 25 Valero Distinguished Scholars will be entering freshmen with financial need and an academic standing of 2.5 or better. They will be required to take a 12-hour study load at one of the five Alamo Colleges.
“This is tremendous news for the Alamo Colleges students,” said Chancellor Bruce H. Leslie. “Most of our scholarship programs are need or program-based, and Valero's gift will enable us to reach more students that may have great financial need and who can meet the broad-based requirements.”
The Valero Foundation's gift follows other scholarships it has funded recently. “Valero has always been a strong supporter of education, and we are honored to present this gift to the Alamo Community College District Foundation,” said Bill Klesse, Chairman and CEO of Valero Energy Corporation. “Valero understands the importance of the Alamo Colleges to the San Antonio area, and we are pleased to be able to make a difference in so many students' lives.”
In addition to providing much needed financial assistance to students, the support of a nationally respected corporate leader will strengthen the Alamo Community College District Foundation's ability to solicit gifts from other leading corporations, foundations and philanthropic individuals, said Jim Eskin, executive director of the Alamo Community College District Foundation.
The Alamo Colleges are experiencing record enrollment growth, with a fall 2009 credit enrollment of 60,366 students, an increase of 12 percent over fall 2008 and the highest enrollment for any spring or fall semester ever attained, creating a greater need to assist qualified students who lack financial resources. The average annual family income for Alamo College students is $27,226.
The Valero scholarship fund will be administered through the Alamo Community College District Foundation. For more information about the Valero Energy Foundation Distinguished Scholars program, call (210) 485-0044.At the Alamo Colleges, high quality education and low costs provide exceptional value to students and alumni who are major contributors to the economy and culture of our community Visit the Web site at www.alamo.edu.