Atlantic Cape Foundation Receives $300,000 Donation for Scholarships for Atlantic City Residents
April 2, 2014
Atlantic City Mayor Don Guardian presented Dr. Peter L. Mora, president, Atlantic Cape Community College, with a $300,000 donation at Atlantic Cape’s Worthington Atlantic City Campus March 12. The sizable donation was the result of Mayor Guardian’s Inaugural Ball, titled “A New Beginning,” presented by the Atlantic City Metropolitan Business and Citizens Association Scholarship Foundation at Resorts Casino, Feb. 28. All proceeds from the event were donated to Atlantic Cape’s Foundation and will provide scholarships to Atlantic Cape students who live in Atlantic City. This is the largest single donation to the Foundation from an event in its history.
“In community colleges, the most significant barrier to student access is lack of financial resources. For a great number of students attending Atlantic Cape, who are also residents of Atlantic City, this donation will provide scholarships, which will enable them to obtain a superior education,” Dr. Mora said. “In addition, recent research shows that, over the course of their careers, students who earn an associate degree from a community college will earn nearly $400,000 more in additional lifetime income than persons with only a high school diploma or GED. Mayor Guardian’s generosity will truly open pathways to success for these students through Atlantic Cape, the ‘community’s college.’”
Mayor Guardian added, “We know previous attempts to help people out of poverty that did not focus on education have failed. We need to ensure that our citizens have access to higher education; it will improve their lives and our city. We know Atlantic Cape provides access to affordable, high quality education and we’re excited to work with them for the future benefit of our residents. That is why I wanted proceeds from this year’s ball to help our residents achieve their dreams.”
Gary Hill, MBCA community relations representative, said, “The membership and board of MBCA were very excited to support this exciting initiative. Helping support city residents obtain higher education is critical to our city’s success. MBCA and Atlantic Cape have partnered over numerous initiatives, and we are looking forward to further collaborations to support residents of Atlantic City.”
To learn more about Atlantic Cape’s Foundation, contact Sean Fischer, executive director, Atlantic Cape Community College Foundation, at 609-343-4901 or email@example.com.