May 6, 2008
$50-Million Pledge Is Meant to Spur More Giving to California's 2-Year Colleges
The California Community Colleges system will receive up to $50-million from the Bernard Osher Foundation to use for scholarships at its 109 colleges, the system's foundation announced today. The pledge, which is very large for one made to a community-college group, is designed to spur other donors to give to those institutions.
The Osher foundation is giving the system $25-million upfront to create an endowment that will provide $1,000 scholarships for students who have
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