The SaddleBrooke Community Outreach (SBCO) scholarship program selects students who live in the “Copper Corridor” based on their grades, community service and financial need.
Education is a game changer for the young people living in the Copper Corridor. Research has shown that a child raised in poverty is 70% more likely to raise his or her own children in poverty, so a scholarship for one student can truly make a difference for generations of future students.
In 2019, SBCO expanded the scope of the scholarship program by setting up a “Scholarship Endowment Fund”. This endowment fund is financed by generous benefactors through estate plans and one-time donations.
Benefactor generosity is preserved across generations because the fund keeps the original contribution untouched and uses only the earned interest to provide scholarships. This endowment creates an enduring legacy that makes a real difference to low income students long after the benefactor is gone.
As a benefactor, your generous contribution will help to break the cycle of generational poverty and is the ticket to better lives for these hard working students and their future children and grandchildren.
After a rigorous selection process, SBCO provides scholarships of $3,000 per year to selected four year students and $1,500 per year to selected community college and trade school students.
The “Copper Corridor,” north of SaddleBrooke is a 100 mile long regional corridor that is a series of small, rural communities that have been devastated by the closing of most of the copper mines in the area. Over 25% of the families living in this area meet the federal definition of poverty.
There are four easy ways to donate
1. Include the SBCO Scholarship Endowment Program as a beneficiary in your trust or estate plan.
2. Direct your financial institution to send $5,000 or more of your annual IRA Required Minimum Distribution to the SBCO Scholarship Endowment Fund. (Always consult your tax advisor about possible tax advantages as they pertain to your individual situation.)
3. Make a donation of a car, house, stocks, or securities.
4. Donors can simply write a tax deductible check. While SBCO accepts donations in any amount, the minimum donation to the Scholarship Endowment Fund is $5,000.
Checks should be made out to “SBCO Scholarship Endowment Fund” and sent to:
Community Foundation for Southern Arizona
5049 E. Broadway Suite 201
Tucson Arizona, 85711
Where can I get more information?
SBCO will gladly provide knowledgeable experts to answer all your questions and to speak to your company or organization about the endowment program.
As Nelson Mandela so wisely said, “Education is the most powerful weapon we have to change the world.”