CICF News

CICF News / 2009 / March / News Post
March 17, 2009
The Glick Fund Creates Eugene and Marilyn Glick Scholarships

Goodwill’s Indianapolis Metropolitan High School reports that The Glick Fund, a fund of Central Indiana Community Foundation, will underwrite post-secondary Eugene and Marilyn Glick Scholarships for 10 full-time equivalent students annually for a maximum term of four years. Scholarships will be available to graduating seniors of Indianapolis Met in the 2009, 2010, 2011 and 2012 classes. The grant years will span 2009-2016 and the total gift to the Indianapolis Met could approach $1 million.

“This would be a wonderful gift in any year, but it is even more welcome today as the decline in the value of many endowments is causing reductions in financial aid that might otherwise be available,” states Jim McClelland, Goodwill’s president. “More than 80 percent of our students live in low income households. Some will be the first in their families to complete high school, and most will be the first in their families to attend college. More than 90 percent of our graduates to date are enrolled in two or four-year colleges, and we are continuing to support them as much as possible to help them succeed there. Each year, the Eugene & Marilyn Glick Scholarships will help 10 worthy students achieve goals that they may have previously thought were unattainable.”

"The Glicks have directed substantial funds for programs and services for disadvantaged youth, and we view the funding of post secondary education opportunities for Indy Met graduates as a further extension of this service,” said Jim Bisesi, a director of the Eugene & Marilyn Glick Family Foundation and advisor to The Glick Fund. “We were particularly impressed with Indianapolis Metropolitan High Schools continuing assistance and support for these students as they pursue their post secondary education or vocational training goals."

According to McClelland, the Indianapolis Met, a Mayor-sponsored public charter school, has among its students a significant number of young people who had struggled or failed in more traditional settings and were deemed at greater than average risk of dropping out before receiving a diploma. The school’s goals are to help increase the high school graduation rate in Marion County and the percentage of graduates who attain some level of post-secondary education or training.

“Our cities economic vitality in the 21st Century will depend on increasing the number of students who get a post-secondary degree,” said Brian Payne, president and CEO of Central Indiana Community Foundation. “This scholarship grant will play an important role in making our city more successful as well as changing the lives of these deserving students.”

For the 2008-09 school year, the 342 students at the Indianapolis Met came from every school corporation in Marion County and six school corporations in surrounding counties. Eighty percent of the student body are members of minority groups, 81 percent are eligible for free or reduced-price lunches, and 26 percent are classified “special education.”

The Glick Fund gift follows on the heels of a $1.36 grant from the Ruth Lilly Philanthropic Foundation for the Ruth Lilly Science Wing that will be built this year. Additionally, more than $150,000 has been committed for a $2.5 million gymnasium.

Click here for more information about The Glick Fund.