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Wednesday, August 16, 2017

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Galveston College Foundation Receives $3,000,000 From The Moody Foundation for Universal Access Program
Galveston College Foundation

May, 2015

In December  2014, The Trustees of the Moody Foundation awarded Galveston College Foundation (GCF) $3,000,000 to assist in raising the education level of Galveston’s workforce and reduce generational poverty through the community endowment program known as ‘Universal Access’.  Universal Access is the country’s only private educational endowment established and sustained by the local community at large. The Moody Foundation’s grant for Universal Access is to ensure a fully supported tuition opportunity for every eligible high school graduate (public, private, GED or homeschooled) who resides in the Galveston College taxing district to attend Galveston College in pursuit of an associate degree, a certificate in an applied technology field, or receive transferable college credit. Since 2001, Galveston College has educated slightly more than 1500 students on Universal Access funds managed and invested by the Galveston College Foundation, an independent 501 (c) 3 non-profit created to support the College. From 2011-2014, an average of 457 students received Universal Access awards totaling more than $600,000. At least 500 more students took college courses through this progressive private sector program; and, as a result, obtained a higher standard of living and confidence in the future. 

 

Allan Matthews, Director of Grants for The Moody Foundation said that the Trustees were pleased to award the Galveston College Foundation the means “to increase the community endowment of Universal Access.” He commended Galveston College Foundation and the College’s Board of Regents “for making college a realistic option for all high school graduates in Galveston.” In addition, he said that the Trustees believe that Jan Coggeshall, Chair of the Galveston College Foundation, and Dr. Myles Shelton, President of Galveston College, are committed to the stewardship of this exceedingly generous grant to address what they believe will respond to the needs of students in the present and for generations of Galvestonians to come.

 

The Universal Access program is well aligned with the stated purpose of The Moody Foundation’s 1942 charter by William Lewis Moody, Jr. and his wife, Libbie Shearn Rice Moody to benefit, in perpetuity, present and future generations of Texans.” 

The extraordinary gift from the Moody Foundation to Galveston College Foundation’s Universal Access Endowment allows us to use these funds so that all eligible Galveston high school graduates who attend Galveston College have their tuition covered. We are still the nation’s only private endowment that supports the college aspirations of students regardless of income. We are deeply grateful that the Moody Foundation, renowned for its farsighted commitments throughout the state of Texas, chose us for this powerful impact in higher education and career investment right here at Galveston College.” ----Jan R. Coggeshall, Chair Galveston College Foundation.



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