Scarsdale Foundation Scholarship Fund Receives Generous Community Support

The Scarsdale Foundation is pleased to announce that it has received over $46,000 in generous donations from local individuals and businesses this spring to support its scholarship program, which provides annual, need-based stipends to Scarsdale students entering their sophomore, junior and senior years of college. These donations will be used to supplement endowment allocations for student scholarships. This year, the Foundation was able to award $105,000 in scholarships to help Scarsdale college students who are financially needy.

The Foundation greatly appreciates and applauds the generosity of the local business community as well as its grantors who stepped forward to offer financial assistance this year: Houlihan Lawrence, Inc; Christie- Spencer Corp.; Scarsdale Improvement Corp.; Lange's of Scarsdale; and Eye Gallery of Scarsdale; the Scarsdale Rotary Club; the Scarsdale Concours d'Elegance, United Way of Westchester and Putnam; and Advocate Brokerage Corp.

In recent years, the Foundation has seen a dramatic increase in the number of applications for scholarships. As economic recovery remains uneven and college tuition costs spiral, more and more Scarsdale families with special circumstances are finding it difficult to send their children to college. Foundation president Richard Toder explains, "A common, albeit incorrect, perception is that if you live in Scarsdale you must be wealthy. In these challenging economic times, many Scarsdale families are struggling and simply unable, without assistance, to afford a college education for their children. The Scarsdale Foundation – dedicated to the betterment of the community in the broadest sense – is grateful for the opportunity to assist these families, thanks to the generosity of our local businesses, grantors, and individual donors."

The Foundation, which is a 501(c)(3) entity, welcomes tax-deductible donations to its scholarship program or its general fund. Checks may be sent to the Scarsdale Foundation, PO Box 542, Scarsdale, New York 10583 or credit card donations may be made via PayPal on the Foundation's website, www.scarsdalefoundation.org. Please address all questions to President Richard Toder at [email protected].