Educational Institutions

The Scholarship Foundation of St. Louis

  • St. Louis, MO
  • www.sfstl.org

Mission Statement

The Scholarship Foundation of St. Louis, a nonprofit organization founded in 1920, is based upon the conviction that an educated citizenry is essential to a healthy democracy. The Scholarship Foundation provides access to postsecondary education to members of our community who otherwise would not have the financial means to fulfill their educational goals.

The Foundation sees higher education as a catalyst, an agent of change for individuals, families, communities, and nations. We envision a community that recognizes the importance of educational attainment and assures positive educational outcomes are accessible to all regardless of economic circumstance. In our community, doors will not be closed to those who lack financial resources, and postsecondary education will be available to all with the potential to succeed.

To build this community, The Scholarship Foundation will:
• Promote and provide financial support for postsecondary education;
• Assure that students have the information necessary to make sound financial decisions;
• Lead a collaborative network of community and educational partners aligned to support student preparation, transition, and persistence to degree completion.

To those who share its vision, the Foundation offers opportunities to participate in its realization through financial and in-kind support and volunteerism. The Foundation contributes to enlightened public policy through advocacy for its vision of postsecondary educational opportunity without financial barriers.

Main Programs

  1. Interest-free student loans and grants
  2. Student Advising
Service Areas

Self-reported

Missouri

Student loan applicants must have lived in the St. Louis metropolitan region for at least two years prior to the date of their application. The metropolitan region consists of the City of St. Louis and St. Louis County; Franklin, Jefferson, Lincoln, St. Charles, Warren and Washington counties in Missouri; and the Illinois counties of Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair.

ruling year

1983

Executive Director since 1989

Self-reported

Faith Sandler

Deputy Director since 2001

Self-reported

Kim Abel

Keywords

Self-reported

Scholarships, Student Financial Aid, Advising, Advocacy, Community Partnerships

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EIN

43-6031234

 Number

2607361798

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

When cost of attendance exceeds a families' ability to pay for college, the gap that remains is "unmet need." The Scholarship Foundation closes that gap by providing last-dollar funding provided by our generous donors. In 2016, the Foundation distributed over $4 million to more than 500 qualified area students who are pursuing bachelors, associate, and technical degrees at accredited educational institutions throughout the United States. Students are supported by our staff during their college years to insure that they graduate. The Scholarship Foundation is proud to report a 6-year graduation rate of 86% for students who participate in these programs. After graduation, loan repayments are recycled into new loans for additional qualified students.
The Student Advising Program provides information and guidance to assist more than 3,000 area students annually in determining what educational opportunities they want to pursue after high school.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Interest-free student loans and grants

The Foundation’s core financial aid programs provide interest-free, fee-free loans and outright grants to students for postsecondary education. In 2016, the Foundation distributed over $4 million to more than 500 qualified area students who are pursuing bachelors, associate, and technical degrees at accredited educational institutions throughout the United States. Loan repayments are recycled into new loans for additional qualified students.

Category

Education

Population(s) Served

Other Named Groups

Budget

$5,000,000

Program 2

Student Advising

The Student Advising Program provides information and guidance to assist more than 3,000 students annually in determining what educational opportunities they want to pursue after high school. The program operates through active partnerships with dozens of public and private schools and community service organizations.

Category

Education

Population(s) Served

Other Named Groups

Budget

$250,000

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    The Foundation sees higher education as a catalyst, an agent of change for individuals, families, communities, and nations. We envision a community that recognizes the importance of educational attainment and assures positive educational outcomes are accessible to all regardless of economic circumstance. In our community, doors will not be closed to those who lack financial resources, and postsecondary education will be available to all with the potential to succeed.

  2. What are the organization's key strategies for making this happen?
    To fulfill its mission, The Scholarship Foundation will:

    • Promote and provide financial support for postsecondary education;
    • Assure that students have the information necessary to make sound financial decisions;
    • Lead a collaborative network of community and educational partners aligned to support student preparation, transition, and persistence to degree completion.
  3. What are the organization's capabilities for doing this?
    • The Foundation's core financial aid programs provide interest-free, fee-free loans and outright grants to students for postsecondary education.
    • The Student Advising program operates through active partnerships with dozens of public and private schools and community service organizations.
    • The Foundation conducts free public workshops at which students and their family members can learn more about financial aid, decipher confusing official notifications of aid eligibility and become familiar with basic principles of financial literacy.
    • The Scholarship Foundation of St. Louis is a founder and leader of St. Louis Graduates, a coordinated, collaborative, community-wide effort involving educational institutions, corporations, charitable groups, and other service providers. The project's goal is to increase the percentage of St. Louis residents who have postsecondary degrees to 60 percent by the year 2025.
    • The Scholarship Foundation provides a variety of philanthropic options to donors who choose to support its educational programs. These include donations of cash and securities, and planned giving through trusts, gift annuities, and bequests.
  4. How will they know if they are making progress?
    Key performance indicators for the organization include:

    % of Students who are Pell Eligible - Pell Grant eligibility is an excellent and very common indicator of financial need. This along with Expected Family Contribution (EFC) informs the awarding process to make sure that the interest-free loan and grant programs are consistently directed toward students with the greatest need.

    Average amounts of loan and grant awards - Lacking national benchmarks to track against, these numbers are frequently and closely monitored as a measure of affordability and of the size of the gap between cost of attendance and institutional aid.

    Average College GPA - GPA data at a national level (from the National Center for Education Statistics) has clearly indicated for many years that disparities exist for low-income and first generation students.

    Graduation Rate - The Scholarship Foundation uses the NCAN Common Measures definition for graduation rate to be the percentage of students who obtain a 4-year bachelors degree in 6 years or less, or a 2-year associate degree in 3 years or less. Students regularly report in to insure satisfactory academic progress.
  5. What have and haven't they accomplished so far?
    For each of the key performance indicators mentioned, the Scholarship Foundation consistently demonstrates excellent results.

    Pell Eligibility - About 44% of students nationwide are Pell eligible. Annually about 78% of all students served by the Foundation are Pell Eligible and students reported an average EFC of around $3000.

    GPA - Scholarship Foundation students maintain a College GPA of around 3.1 on a 4 point scale, exceeding their peer groups, and putting them on par with all students nationwide.

    Graduation Rate - Nationally, about 59% of students successfully complete a degree. Students who are funded by The Scholarship Foundation maintain a rolling 6-year graduation rate of 86%.

    Please visit SFSTL.ORG to review our most recent annual reports.
Service Areas

Self-reported

Missouri

Student loan applicants must have lived in the St. Louis metropolitan region for at least two years prior to the date of their application. The metropolitan region consists of the City of St. Louis and St. Louis County; Franklin, Jefferson, Lincoln, St. Charles, Warren and Washington counties in Missouri; and the Illinois counties of Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair.

Social Media

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

THE SCHOLARSHIP FOUNDATION OF ST LOUIS
Fiscal year: Jan 01-Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

The Scholarship Foundation of St. Louis

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair and Board Co-Chair
  • Access to the GuideStar Community
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Executive Director

Faith Sandler

Deputy Director

Kim Abel

BIO

Twenty-five years at the helm of a regional nonprofit working to provide college access and support success. Prior, five years in the evaluation of court-ordered school desegregation in the city of St. Louis. Strong belief in the power of educational opportunity. Also enjoy teaching (have done so at the graduate level at Washington University) and leadership development.

Specialties: Nonprofit organizational ethics, accountability; need-based financial aid; loans and grants to students; higher education; educational equity and access.

Governance

BOARD CHAIR

Barbara Touchette

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?