To help bridgeÂ an increasingÂ funding gap for Cape Fear Community CollegeÂ students, the CFCC Foundation is reaching out to local businesses and residents to lend financial support during difficult economic times.
The Foundation will host its eighthÂ annual â€œChanging Lives through the Gift of Educationâ€ luncheon on Thursday, May 17 and hopes to raise $250,000 for student scholarships.
â€œThis luncheon is the biggest fund-raiser of the year. Our motto is â€˜raising funds, raising hopes and fulfilling dreamsâ€™ for local students,” said Associate Director of the CFCC Foundation Kay Warren.
â€œWe usually see an excess of 500 guests representing almost every sector of business and industry inWilmington, so it is also a wonderful networking opportunity for our guests,â€ Warren said.
The event will feature inspirational stories from students and brief remarks from keynote speaker Randy Kibler, President and CEO of Bojanglesâ€™ Famous Chicken â€˜n Biscuits.
Warren explained that financial need is the leading causeÂ for “non-completion” among CFCC students. According toÂ recent survey, CFCC students revealed that for the third year in a row, financial constraints were the number one reason that students did not complete their degree programs.
According to the Fall 2011 survey, more than 18% of students who did not complete their program of study listed â€œfinancial hardshipâ€ as their reason for leaving school.
The survey findings are not surprising, considering the majority of CFCC students have financial need. According to the CFCC financial aid office, 65-70% of students are receiving some type of financial aid, including scholarships, loans or Pell grants.
â€œOur students need financial help now more than ever,â€ said Kay Warren, Associate Executive Director of the CFCC Foundation.
The luncheon begins at 11:30 a.m. and ends at 1 p.m. and will be held at the Schwartz Center in downtown Wilmington. For more information about the luncheon and to reserve a seat, call (910) 362-7207 or visit www.cfcc.edu/foundation.