PHILADELPHIA, June 19, 2017 /PRNewswire/ -- Children's
Scholarship Fund Philadelphia (CSFP) recently recognized Colonial
Penn Life Insurance Company as its Corporate Citizen of the Year.
The honor highlighted Colonial Penn's commitment to helping
children from low-income Philadelphia families succeed by providing
financial support for over 300 K-8th grade scholarships
to great schools, and through their investment of time through
employee engagement and volunteerism.
Colonial Penn's partnership allows CSFP to maintain the scale
built by its successful $62 million
Campaign for 10,000 Children, during which time the
organization doubled the number of scholarships issued yearly and
distributed 2,000 scholarships per year for five consecutive years.
This investment in Philadelphia
children yields compelling results: Over 96% of CSFP alumni
graduate high school on time and on grade level.
"CSFP is grateful for Colonial Penn's tremendous commitment to
helping Philadelphia children
succeed," said CSFP Executive Director, Ina
B. Lipman. "Their focus on community is evident in their
proven dedication and work on behalf of our city's children and
families."
"We're proud to invest in the future of Philadelphia and are honored to receive the
Corporate Citizen of the Year Award from CSFP," said Joel Schwartz, President of Colonial Penn. "As a
company headquartered in Philadelphia for over 60 years, Colonial Penn
is committed to supporting causes that drive positive change and
contribute to the well-being of our community, and CSFP is a great
example."
Two thousand children received CSFP scholarship award letters at
last week's Student Awards Ceremony. These children were selected
by random lottery from a pool of 10,000 applicants to CSFP's
program. Since founding in 2001, CSFP has awarded over 22,500
scholarships selected from more than 160,000 applications. This
year, CSFP celebrates its 15th year of providing
Philadelphia children with access
to quality K-8th grade schools.
Also honored at the Award Ceremony were: Sharmain Matlock-Turner, President and CEO of
the Urban Affairs Coalition; Evie
McNiff, founder of CSFP and former Chair of the Board of
Directors; ten graduating high school senior alumni of CSFP's
program; CSFP parents Nicole Newman
and Marcia Lewis; teachers and a
principal from CSFP partner schools, and current CSFP scholarship
recipients who have made academic strides while enrolled in the
program.
About Children's Scholarship Fund
Philadelphia
Four-star rated charity and one of just three
educational charities to receive a perfect score in 2016 from
rigorous charity watchdog Charity Navigator, Children's Scholarship
Fund Philadelphia (CSFP) is a privately funded program, established
in 1998, whose mission is to provide financial access for students
from low-income Philadelphia
families to safe, high-quality, tuition-based schools. It is the
largest provider of scholarship support for grades K-8 in
Pennsylvania. CSFP currently
serves about 5,300 children in grades K-8 in more than 170 area
private schools, who are receiving an average of $1,950 per child, per year. The average tuition
for these schools is about $4,900 per
year. The scholarships are all need-based and awarded by
lottery.
About Colonial Penn
Colonial Penn Life Insurance
Company specializes in offering insurance directly to consumers at
affordable prices. The nationwide company, a subsidiary of CNO
Financial Group, Inc. (NYSE: CNO), was a pioneer in designing
insurance products to meet the needs of the mature market.
With nearly 775,000 life insurance policies and $3.5 billion of life insurance inforce, we're
proud to be serving insurance needs all across America. To
learn more, visit Colonial Penn online at www.ColonialPenn.com.
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SOURCE Children’s Scholarship Fund Philadelphia