OVERVIEW: The College Futures Foundation aims to increase the number of student who graduate from college in the state of California.
IP TAKE: The College Futures Foundation supports college readiness in California through its pipeline to degree program. It partners with research institutes, educational consultants, school districts, community colleges and other postsecondary institutions to this end. This funder does not accept unsolicited proposals.
PROFILE: Based in San Francisco, California the College Futures Foundation was established in 2005 upon the sale of CHELA, a nonprofit student loan company. It has an endowment of $500 million and awards more than $20 million in grants annually. The foundation aims to effect a significant increase in the number of students who complete four-year college degrees in California. Its stated initiatives are pipeline to degree, community philanthropy for student success, higher education finance reform, regional partnerships, young men of color and higher education innovation.
The College Futures Foundation supports college readiness mainly through its pipeline to degree program, which partners with "K-12 and postsecondary institutions to enhance student expectations, preparation, and interventions so that more young people get to and through four-year college and earn bachelor's degrees." One grantee, Harder+Company Community Research, designed and implemented mathematics and statistics courses designed to help high school students in Los Angeles transition to college level math. Another past grantee, the Sacramento City Unified School District, used funding to implement a program aimed at increasing high school students' preparation for and enrollment in postsecondary programs of study.
College Futures Foundation grants range from $20,000 to about $3 million, with an average grant amount of about $100,000. Funding is limited to organizations operating in the state of California. A grants database is available on the foundation's website.
This funder accepts proposals by invitation only.
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