By PAUL SOOST
PANAMA CITY, FL – Summit Bank, N.A., a regional provider of personalized, concierge-style financial services, announced Oct. 26 a $100,000 contribution to the Step Up For Students Scholarship Program, funding 15 scholarships for the 2017-18 school year in Bay County, Escambia County and Okaloosa County.
This marks the fourth year Summit Bank has supported the scholarship program. Since joining Step Up as a corporate partner in 2014, the company has contributed a total of $450,000, the equivalent of 77 scholarships.
“Summit Bank is committed to making a difference in our local communities and is excited to provide the opportunity for 15 families to find the right learning environment for their child through the Step Up For Students Scholarship Program,” said President and CEO Andy Stein. “We hope this support helps propel these students towards educational success and bright futures.”
Step Up For Students is a nonprofit that administers 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.
“We are grateful that Summit Bank joins us in our mission to impact the poverty cycle by providing educational options for lower-income Florida families,” said Step Up For Students President Doug Tuthill. “On behalf of Step Up and the students participating in our program, we thank Summit Bank 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-5th grade, $6,631 for 6th-8th grade and $6,920 for 9th-12th grade. More than 1,700 private schools participate in the scholarship program statewide. In Bay, Escambia and Okaloosa counties this school year, 43 schools are participating in the program which will benefit more than 2,475 students.
Reach Paul Soost at email@example.com.