Colorado College received a $10 million grant for high-need and first-generation students.
The grant came from the Walton Family Foundation, and the college’s goal is to match the grant with an additional $10 million, creating a $20 million infusion of new endowed scholarship funds during the next five years.
“This addition to our endowed financial aid will generate a dramatic and sustainable difference over time in what we can provide for prospective students,” said Richard Celeste, Colorado College president. “Scholarship support not only opens the door for many students who wish to attend CC, it gives them the freedom to focus more closely on their academics and pursue activities outside of class.”
Colorado College intends to use the grant to inspire other donors to join in helping to add to available scholarships.
The college awards $26 million in predominately need-based financial aid each year, with more than half its students receiving some level of financial aid.