By PAUL SOOST
EverBank, a division of TIAA, FSB, today announced a $1.5 million contribution to the Step Up For Students Scholarship Program. The donation will fund about 229 scholarships for the 2017-18 school year.
This marks the 14th year EverBank has supported the scholarship program. Since teaming with Step Up in 2004, the company has contributed more than $14.5 million, the equivalent of 3,050 scholarships.
“EverBank is proud to support the dedicated work of Step Up For Students through our contributions to the scholarship program. Providing opportunities for lower-income Florida families to find the right learning environment for their children will lead to avenues to a brighter tomorrow,” said TIAA, FSB, Vice President and CRA Officer, Joseph Hernandez “We believe this relationship will continue our efforts to inspire hope and empower change in the communities in which we work and live.”
The announcement was made at St. Matthew’s Catholic School in Jacksonville, which serves prekindergarten through eighth grade students. Nearly 40 percent of its 225 students use Step Up For Student scholarships.
Step Up For Students is a nonprofit organization that helps administer the Florida Tax Credit Scholarship Program for financially disadvantaged Florida schoolchildren. The program is funded by corporations with tax-credited donations and allows parents and students to choose between a K-12 scholarship to support private school tuition and fees, or one that assists with transportation costs to out-of-county public schools.
“EverBank has been a longtime supporter of Step Up For Students in providing options for lower-income Florida families to find the environment that best meets their child’s learning needs. We appreciate and applaud their commitment and contributions,” said Step Up For Students President Doug Tuthill. “On behalf of Step Up and the students participating in our program, we thank EverBank for their generosity.”
For the 2017-18 school year, Step Up For Students is serving more than 100,000 students throughout Florida with tuition scholarships valued at up $6,343 per student for K through fifth grade, $6,631 for sixth through eighth grade and $6,920 for ninth through 12th grade. More than 1,700 private schools participate in the scholarship program statewide.
Reach Paul Soost at email@example.com.