HFSV Endorses Notre Dame de Namur University’s $1 Million Scholarship Challenge Grant Opportunity

The Hispanic Foundation of Silicon Valley has endorsed Notre Dame de Namur University’s (NDNU) efforts to raise $1,000,000 in matching funds over five years for endowment gifts restricted for scholarships for Hispanic and low-income students.  The endowment matching funds opportunity is a key feature of two U.S. Department of Education Hispanic Serving Institutions (HSI) grants totaling $6.1 million awarded to the University in September, 2011.

To qualify for the $1 for $1 match, endowment gifts may include cash, certificates of deposit, money market funds, and negotiable securities.  Pledges and charitable remainder trusts may not be used.

The two grants--$3.2 million for the Improvement of Student Success and Retention and $2.9 million for STEM (science, technology, engineering, and mathematics) Success—will help fund the University’s tutoring and support services and will also help expand its successful “Gen 1” program for students who are the first in their family to attend college.  60% of the NDNU Class of ’15 are first generation college students.

Donors should indicate “HSI Student Success” or “HSI STEM” on the personal check memo line or in correspondence.  Separate gifts are required for each grant to meet Federal auditing requirements.  Checks should be made payable to NDNU and sent to:  HSI Grants, NDNU Advancement Office, 1500 Ralston Avenue, Belmont, CA  94002-1908.  For further information, please contact the Advancement Office at (650) 508-4161.

Please join us at the Reaching for Dreams Scholarship Luncheon on March 23, 2012 for more information follow this link