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Northern New York Community Foundation and Alumnus Stephen Can Partner with Jefferson Foundation to Fund Scholars Program
The Jefferson Community College (JCC) Foundation is pleased to announce a partnership with the Northern New York Community Foundation (NNYCF) and alumnus Stephen H. Can ‘80 that will extend the Jefferson-Can Scholars Program, a merit-based program that provides first year tuition to JCC to the region’s top scholars. In recognition of the partnership, the program has been re-named the Jefferson-Can Community Scholars Program.
“We are thrilled and appreciative of both the Northern New York Community Foundation and Stephen Can for their longstanding support of Jefferson Community College,” said Jefferson president Carole A. McCoy. “Most importantly, we are excited for the students for whom this provides financial assistance.”
The Scholars program awards a first-year tuition scholarship to students from Jefferson and Lewis counties who graduate in the top 15% of their respective classes. Since the program’s inception, 290 area students have received the merit-based scholarship and have attended Jefferson Community College. There are currently 54 Jefferson-Can Scholars enrolled at Jefferson for the 2013-2014 academic year.
The Scholars program was first developed by the Jefferson Community College Foundation in 2007 with funding resources for a three-year period. A major gift from Mr. Can, along with a donation from a local corporation, in 2007 enabled the program to continue through 2013. With this new partnership, both the NNYCF and Mr. Can have pledged to contribute up to $50,000 each year while the JCC Foundation will contribute 20% to fund the program for the next three years, beginning with the 2014-2015 academic year.
“When the Jefferson Foundation first established the Scholars program in 2007, it was understood that we would need community support to sustain it over time,” said McCoy. “The Northern New York Community Foundation, Stephen Can and the College all share a common mission to support our community through education. Our combined resources allow us to sustain the Scholars program and continue to enhance educational opportunities for our local students.”
"The Community Foundation has a deep interest in and long history of supporting educational initiatives in the region,” said Rande S. Richardson, executive director of the NNYCF. “Adding this scholarship to our offerings provides us with a unique opportunity to concentrate that investment locally, benefiting not only the students, but also the College, its faculty and staff, as well as area employers."
The Jefferson-Can Community Scholars program is “a debt free start to a great college education via strong JCC professors in an environment where students get support from family, friends and their community,” said Stephen Can. “I am pleased to be a partner with Jefferson Community College and the Northern New York Community Foundation to continue our program another three years and look forward to working with them to broaden and continue the program's life."
Eligibility guidelines for the Jefferson-Can Community Scholars Program remain the same, however applications will be processed by the NNYCF who will also manage and administer the fund. Applications for the 2014-2015 academic year will be available in October and students can pick up the application in their high school guidance office, Jefferson’s financial services office (Room 6-024 of the Jules Center), and at the Northern New York Community Foundation, 120 Washington Street, Suite 400, Watertown.
For additional information, please contact Rande Richardson, executive director of the Northern New York Community Foundation, 315-782-7110, or James Ambrose, director of financial services at Jefferson Community College, 315-786-2490.
About Stephen H. Can
Stephen H. Can, of New Hope, Pennsylvania, is a senior managing director with the Blackstone Group based in New York. He is the founding senior managing director and Global Fund Co-Head for Blackstone Group’s exclusive secondary private equity business, Strategic Partners, with over $11 billion committed under management. He is a credentialed Certified Public Accountant (C.P.A.), Certified Management Accountant (C.M.A.) and Certified Financial Manager (C.F.M.).
Mr. Can is a 1980 graduate of Jefferson Community College. He also holds a bachelor’s degree from SUNY Plattsburgh and a master’s degree from the Krannert Business School at Purdue University. In 2004, Mr. Can was recognized by the JCC Alumni Association with the Professional Achievement Award and in 2013 he was awarded the Jefferson Citation from the Jefferson Community College Board of Trustees.
About the Northern New York Community Foundation
Since 1929, the Northern New York Community Foundation has raised, managed and administered an endowment and collection of funds for the benefit of the community, built and added to by gifts from individuals, businesses and organizations committed to meeting the changing needs of Northern New York. Through its grants, scholarships, and services to organizations and donors, it strives to enhance the quality of life for all residents.
About the Jefferson Community College Foundation
The Jefferson Community College Foundation, Inc. is a nonprofit educational organization whose purpose is to raise, manage and distribute funds to assist students and to enrich and enhance the educational opportunities provided by Jefferson Community College. The Jefferson Foundation awards 290 scholarships totaling nearly $300,000 to Jefferson students each year.