|The Virginia College Fund helps make a private college more affordable|
Virginia College Fund board member Roy Bucher, from left, presents Ferrum College Vice President for Institutional Advancement Kim Blair with the grant. At right is Virginia College Fund board member Carthan Currin.
Wednesday, July 4, 2012
The Virginia College Fund (VCF) presented a $152,201 grant to Ferrum College to be used for general support and student aid.
The VCF distributed grants of $713,638 to its five member schools, which includes Ferrum, at its annual meeting in Roanoke on June 28.
"Ferrum College is privileged to be a part of the VCF and is grateful for its generous support," said Kim Blair, Ferrum's vice president for Institutional Advancement. "The VCF has been a significant contributor to the college over the past 47 years, making a college education more attainable for our students and their families."
The VCF schools serve a unique demographic. Seventy-five percent of attendees are Virginia residents, 30 percent are minorities, 30 percent are among the first generation in their families to attend college, and 49 percent come from low to moderate-income households. The majority of the funds raised go toward offsetting the cost of tuition to help make a private college education more affordable.
During its history, the VCF has raised over $18 million for its member schools and students. Three-quarters of the funds raised are divided equally among the five schools, and the remaining amount is divided based on full-time enrollment.
Started in 1965, the VCF was founded to help support the five member schools and the students who attend them. The five schools include Averett University in Danville, Bluefield College in Bluefield, Ferrum College in Ferrum, Eastern Mennonite University in Harrisonburg and Virginia Intermont College in Bristol.