ECMC Foundation: Grants for College Readiness

OVERVIEW: The ECMC Foundation invests in college success and career readiness prioritizing underserved students.

IP TAKE: ECMC’s college success program supports organizations that provide guidance and assistance to underserved students as they apply to and enroll in four-year colleges. This funder accepts letters of inquiry on an ongoing basis.

PROFILE: Based in Los Angeles, California, the ECMC Foundation is an affiliate of the Educational Credit Management Corporation, a Minneapolis-based nonprofit that serves as an administrator and guarantor of student loan programs nationally. The foundation aims to “inspire and to facilitate improvements that affect educational outcomes—especially among underserved populations—through evidence based innovation.” Its two funding initiatives are college success and career readiness.

The ECMC Foundation supports college readiness through its college success program, which aims to “increase the number of students from traditionally underserved backgrounds who persist through and graduate from an institution of higher education with a four-year degree.” Its specific priorities include “transition to and through college towards a bachelor’s degree” and the successful transfer of students from two- to four-year colleges. One past grantee, Beyond 12, used funding to provide college advisement and support to 750 public high school students in New York City as they applied to and enrolled in four-year colleges. Another grantee, Bottom Line, supports low-income and first-generation students with guidance “from the college application process until college graduation.”

ECMC Foundation grants supporting college readiness range from $100,000 to $750,000. Funding is limited to the U.S.

This funder accepts letters of inquiry on a rolling basis through its online system. Application for funding is by invitation only.

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