RISD Benefits from Dollars for College on North Texas Giving Day
Children who grow up with even a small college savings amount are three times more likely to go to college and four times more likely to graduate, according to The Communities Foundation of Texas.
The Dallas-based nonprofit teamed with the United Way of Metropolitan Dallas earlier this year to begin the Dollars for College initiative here in North Texas.
The program is being used across the country as a way for parents who maybe never envisioned sending their children to college to start believing it’s possible and to start saving for it as soon as possible, according to Wende Burton, senior director of community philanthropy at The Communities Foundation.
Dollars for College is designed to provide low-income families with a safe, easy to access, trusted, and low-cost opportunity to build savings for a child’s future postsecondary education. Richardson ISD is one of two school districts in the Dallas area to benefit from the program.
“We are thrilled to partner with RISD and Dr. Stone, who is a huge champion of preparing all students for postsecondary education. She is an incredible advocate for all students,” Burton said. “We want to invest in this type of district. We are impressed by the work RISD has done with its career and college-readiness programs and Dr. Stone’s commitment to all students.”
As part of North Texas Giving Day on Thursday, Sept. 19, representatives from RISD, the United Way and the Communities Foundation gathered at Audelia Creek Elementary School to help parents of kindergarten and first grade students understand the need to start saving now for college.
Dollars for College accounts will be opened and seeded with $50 for every student whose parents start a 529 plan. Families can make deposits in their student’s individual account and there are opportunities to earn incentives through the linked institutional account and grow overall savings. Forest Lane Academy and RISD Academy also will benefit from the program.
Please help us improve the future of our community and put local kids on the path to success by considering a gift to Dollars for College.
The Communities Foundation of Texas started North Texas Giving Day in 2009 to encourage nonprofits to register their information with a new database and begin the process of accepting donations online.
In the decade since, North Texas Giving Day has become a fundraising juggernaut, with thousands and thousands of people choosing to give through the website and more than 3,000 nonprofits participating, according to Susan Swan Smith, Chief North Texas Giving Day Officer.
“Communities Foundation of Texas took a strategic look at North Texas Giving Day and confirmed its purpose is to grow the power and spirit of giving throughout the 20-county area we cover,” she said. “While giving is the central purpose, we also provide information on 3,000 nonprofits, as well as volunteer opportunities for donors.”