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The New Jersey Scholarship Fund
The Start
The Jersey City Scholarship Fund was started in 1995 by Mayor Bret Schundler with support from
the Bodman Foundation and the Scholarship Fund for Inner-City Children. Through this alliance,
needy families from Jersey City were empowered to send their children to private or parochial schools in Hudson County, New Jersey. During the last four years, an average of 50 low-income children per year have been given an opportunity to get the same
quality education previously available only to the affluent.
Last Year
In the year 2000, the Jersey City Scholarship Fund
began to work with a separate national organization, Children's
Scholarship Fund (CSF). CSF was founded by
Ted Forstmann and John Walton on June 9, 1998 in New York City. The two,
along with a growing number of smaller investors nationwide, underwrote
over $100 million, matched by local partners in cities across America.
Bret Schundler pledged $400,000 to the cause and CSF matched it,
providing 223 Jersey City children an average scholarship of $1000 for
four years.
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Hudson County, New Jersey is a place of many firsts - including genocide and slavery.
Political corruption is a tradition here.
First in a series by Anthony Olszewski – Click HERE to find out more.
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