Lemon Grove Education Foundation Creates New Scholarship Endowment at The San Diego Foundation

Local scholarship program exceeds fund-raising goals, students gain single-application process to multiple scholarship programs

LEMON GROVE, CA – January 7, 2004 – The Lemon Grove Education Foundation today announced that it has established a new community-based scholarship endowment for Lemon Grove residents. The fund will be managed by The San Diego Foundation.

This scholarship endowment is open to all residents in the Lemon Grove School District and will provide funds in perpetuity for people to improve their lives through educational opportunities.

The Lemon Grove Education Foundation exceeded its funding goal by raising over $137,300 to create its scholarship endowment. Included in this total is $15,000 that the Lemon Grove Foundation has already granted in scholarships to 16 individuals over the past two years.

Mary England, volunteer and president of the Lemon Grove Education Foundation, said.
“Through this endowment, individuals in our community can apply for educational scholarships endlessly as the endowment’s principal of $122,300 will never be disbursed. Only the interest off the principal is used to fund the scholarships.”

England said, “With our endowment created, we are dissolving our own foundation and have commissioned The San Diego Foundation to professionally manage the endowment, administrate the scholarships, and handle the day-to-day activities involved with the endowment.”

She added, “Another distinct advantage of working with The San Diego Foundation is that Lemon Grove individuals can not only apply for our scholarship, but with a single application can reach the many other scholarships housed at The San Diego Foundation.”

England said, “We thank our many supporters throughout the Lemon Grove community whose dedication and generosity provided the financial footing needed to establish our scholarship endowment fund.”

“The Lemon Grove Foundation began its quest to create an educational endowment in 1999. We raised funds primarily through our annual charity golf tournament, ‘Tee It Up for Education.’ The EDCO Disposal Corporation provided underwriting for the event and was joined later by other Lemon Grove businesses who partnered with us to create lasting educational opportunities for our community.”