By PAUL SOOST|
ALTAMONTE SPRINGS – Synchrony Financial, a premier consumer financial services company with an 80-year heritage, has announced a $1 million donation to Step Up For Students to provide scholarships for financially disadvantaged children in Orlando.
The donation marks the first time that Synchrony Financial has partnered with Step Up For Students. Synchrony Financial’s contribution will fund about 165 K-12 scholarships for financially disadvantaged Florida children so they may attend a private K-12 school, or an out-of-district public school. The scholarships provide an opportunity for recipients to find a school that fits their individual needs and lead them toward a more prosperous future
“We’re pleased that this donation will provide children with a real opportunity for educational success. Synchrony Financial is committed to addressing the needs of today’s working families, which includes providing enriching and safe places for kids to be while their parents are working,” said Margaret Keane, Synchrony Financial president and CEO. “Educational opportunities are crucial to opening doors to hope for a better future. Working with Step Up For Students is a true embodiment of our purpose statement to improve the success of every business we serve and the quality of each life we touch.”
Step Up For Students helps administer the Florida Tax Credit Scholarship Program, which provides scholarships to qualified lower-income K-12 schoolchildren throughout Florida. The program allows recipients to choose between a scholarship to help with private school tuition and fees, or a transportation scholarship to attend an out-of-district public school.
“We are truly grateful to have Synchrony Financial as a partner in our mission to ensure that lower-income children have choices in their education,” said Doug Tuthill, Step Up president. “With their help, we are providing access to Florida’s children to an educational environment that best fits their learning need, and will also positively affect our communities in the future.”
During the 2016-17 school year, Step Up For Students expects to serve more than 91,000 students throughout Florida, with tuition scholarships valued up to $5,886 per student. More than 1,600 private schools participate in the scholarship program statewide.
Synchrony Financial has had a presence in the Orlando area since 1983, and recently increased its commitment to central Florida this summer with the opening of a second site.
The original location in Longwood is primarily a customer support site. The second location, in Altamonte Springs, will provide customer service and collections support across all of Synchrony Financial’s business platforms. The 102,000 square-foot space features training and conference rooms with advanced technologies including telepresence capabilities, an on-site dining venue and employee fitness center.
Synchrony Financial employees in the Orlando area have provided nearly 300 volunteer hours so far in 2016 with a number of local nonprofit agencies.
About Synchrony Financial
Synchrony Financial (NYSE: SYF) is one of the nation’s premier consumer financial services companies. Its roots in consumer finance trace back to 1932, and today the company is the largest provider of private label credit cards in the United States based on purchase volume and receivables*. Synchrony Financial provides a range of credit products through programs we have established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers to help generate growth for our partners and offer financial flexibility to our customers. Through its partners’ more than 350,000 locations across the United States and Canada, and its websites and mobile applications, the company offers its customers a variety of credit products to finance the purchase of goods and services. Synchrony Financial offers private label and co-branded Dual Card™ credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. More information can be found at www.synchronyfinancial.com, facebook.com/SynchronyFinancial, www.linkedin.com/company/synchrony-financial and twitter.com/SYFNews.
*Source: The Nilson Report (May 2016, Issue # 1087) – based on 2015 data.
By PAUL SOOST
Axiom Bank, a federally chartered community bank, today announced a first-time contribution of $300,000 to the Step Up For Students Scholarship Program, providing educational options to financially-disadvantaged Florida schoolchildren.
Axiom Bank’s contribution will provide about 50 scholarships this year through the nonprofit organization that helps administer the Florida Tax Credit Scholarship. The program is funded by corporations through dollar-for-dollar tax credited donations.
“We are proud to invest in the education of Florida’s youth, knowing that we are helping to create a stronger community,” said Dan Davis, Axiom Bank president and CEO. “Families want choices, and we are pleased to support Step Up For Students as it helps financially disadvantaged children attend the schools that best meets their learning needs.”
Step Up For Students has awarded nearly 78,000 scholarships to low-income students for the 2015-16 school year, with tuition scholarships valued up to $5,677 per student. More than 1,600 private schools participate in the scholarship program statewide. Scholars may choose a $500 scholarship to offset the cost of transportation to an out-of-county public school.
“We are grateful to corporate partners like Axiom Bank who recognize the value of educational choice and who support our mission to ensure that all Florida students have access to learning environments that suit their individual needs,” said Doug Tuthill, Step Up For Students president. “We are thankful for Axiom Bank’s commitment to the communities they serve.”
About Axiom Bank
Axiom Bank, headquartered in Central Florida, is a federally chartered community bank that serves the financial needs of its customers through a wide range of financial products. Axiom Bank provides retail banking services, including checking, deposit, and money market accounts, through 20 branch locations, 19 of which are inside select Walmart Supercenters®. Axiom Bank also specializes in commercial loans for both real estate and business purposes, as well as treasury management and other merchant services. In addition to those services, Axiom Bank sponsors prepaid debit card programs offered by third‐party program managers. As part of the company’s commitment to exceed customers’ expectations and deliver superior financial solutions, Axiom Bank is constantly working to expand the services and products they provide to the communities they serve.
For more information, visit: www.axiombanking.com. Member FDIC. Equal Housing Lender.
About Step Up For Students
Step Up For Students is a nonprofit organization that helps manage the Florida Tax Credit Scholarship Program. Students who qualify for free-or reduced-price lunch, or those who are homeless or in foster or out-of-home care, may qualify. Since 2001, Step Up has awarded nearly 480,000 scholarships.
Step Up also helps administer the state-funded Gardiner Scholarship, formerly known as Personal Learning Scholarship Accounts (PLSA), for Florida students with certain special needs. With the Gardiner Scholarship, recipients may use the funds for a variety of approved services including private tutoring, occupational therapy, instructional materials and other services.
For more information, visit: http://www.StepUpForStudents.org.