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Osher Foundation Pledges $16 Million to California State University
(May 6, 2008) – The Bernard Osher Foundation has committed to donate $16 million to support endowed scholarships for California Community College students transferring to 15 California State University campuses as part of the foundation’s overall $70 million private donation to the state’s community college system.
A total of $1 million per year will go to 11 CSU campuses including Bakersfield, California Maritime Academy, Channel Islands, Dominguez Hills, Fresno, Humboldt, Los Angeles, Monterey Bay, Pomona, San Marcos and Stanislaus. Four campuses including Fullerton, Northridge, San Diego and San José will receive $1.25 million due to the large number of community college transfer students enrolled at these campuses.
Eight CSU campuses have already received previous donations from the Osher Foundation for Life Long Learning Institutes, a program featuring courses on campus for those in later years of life or in retirement. An additional $4 million will be given to four University of California campuses toward scholarships for community college transfer students.
Approximately 60 percent of California State University students transfer from a state community college, and the endowment will provide $2,500 individual scholarships for hundreds of students to be used for tuition, books or living expenses.
“We are extremely grateful to the Bernard Osher Foundation for their generosity and unprecedented commitment to the support of students,” said California State University Chancellor Charles B. Reed. “We know the doors of opportunity that a college degree opens, and the Osher Foundation endowed scholarships will provide many of our students a better path to the future.”
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 450,000 students and 46,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 90,000 annually. Its mission is to provide high-quality, affordable education to meet the ever-changing needs of the people of California. With its commitment to excellence, diversity and innovation, the CSU is the university system that is working for California. See www.calstate.edu
Last Update: May 06, 2008