The Chesapeake College Foundation is providing $106,592 in scholarship aid to the college for the 2016-2017 academic year. Over the last year, the Foundation established three new endowed scholarship funds.
Each year the Foundation reviews its endowments and awards a portion of the funds for scholarships. Donors include corporations, foundations, individuals and families. The minimum required to create an endowed scholarship is $10,000.
Director of Financial Aid Mindy Schaffer said the endowed scholarships are a vital part of the financial aid program at Chesapeake.