With a first time donation of $1,000, financial institution JPMorgan Chase & Co. helped the New York City Housing Authority (NYCHA) and the City University of New York (CUNY) kick off the third annual application process of the NYCHA Resident Scholarship Program.
JPMorgan Chase executives Leonard Colica and John McAuley were on hand to present the scholarship donation to NYCHA General Manager, Douglas Apple. JPMorgan Chase has made donations that support CUNY scholarship programs in the past. After learning about the NYCHA Resident Scholarship, which annually awards $1,000 each to qualified NYCHA residents, who are enrolled at CUNY colleges, JPMorgan Chase decided to make a contribution to this new and flourishing scholarship fund.
The NYCHA Resident Scholarship fund was established in 2005, and funded with donations made by production companies that filmed motion pictures on NYCHA property. Thanks to an agreement between NYCHA and CUNY, sixteen $1,000 scholarships have been awarded to NYCHA residents attending CUNY colleges.
The donation by JPMorgan Chase is a vital addition to the scholarship fund, which is no longer funded by contributions from production companies. NYCHA plans to keep the fund growing and accepts donations from individuals, as well as organizations. A former NYCHA employee, for example, makes annual donations of $1,200 to the scholarship fund, as a way of "giving back" to NYCHA.
The 2007 NYCHA Resident Scholarship application process will run from March 1 to April 27. Apply today!
By Saundra Roberson
March 2, 2007