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The Community Foundation receives $1 million gift in honor of former city treasurer of Lake Elsinore

 

Last updated 9/7/2019 at 10:40am



RIVERSIDE – The Community Foundation serving Riverside and San Bernardino counties announced a gift of $1 million through a bequest to the city of Lake Elsinore from former City Treasurer Carl Graves. Lake Elsinore established the Carl Graves Endowment Scholarship Fund at The Community Foundation to provide scholarships to eligible graduates of Lake Elsinore Unified School District high schools.

Recently, four students received a total of $20,000 in scholarships from the inaugural scholarship fund.

“We are pleased to carry out the legacy of Carl Graves in partnership with the city of Lake Elsinore,” Michelle Decker, president and CEO of The Community Foundation, said. “Scholarships remain a large focus of our donors’ investments in the Inland Empire, and increasingly we need to target students for whom higher education is a critical investment for their stability and that of their families. This scholarship fund reaches students who have barriers to education, which makes it one of the most potent ways we can ensure Lake Elsinore thrives in years to come.”

The scholarship fund offers three 4-year scholarships of approximately $4,000 and one 4-year scholarship of $6,000 for a college ROTC candidate to be awarded in the spring and disbursed in the fall of each year. Each Carl Graves’ Scholar will have a local mentor who will aid and assist the student throughout their education.

“This amazing gift is a testament to Carl Graves’ dedication to our community that now extends well beyond his years of service; his generosity will help several deserving students further their education and become key pioneers for our community for decades to come,” Steve Manos, mayor of Lake Elsinore, said.

Graves was a U.S. Army veteran who served in World War II and a mathematics teacher at various high schools in Southern California, including Lake Elsinore High School.

To establish a charitable fund or to contribute to existing funds, contact the foundation at http://www.thecommunityfoundation.net or call (951) 241-7777.

The Community Foundation is the oldest and largest community foundation in Inland Southern California for Riverside and San Bernardino counties. Established in 1941, The Community Foundation stewards over $100 million in assets and provides college scholarships and grants to nonprofit organizations across the two-county region and beyond. Since its founding, the foundation has awarded more than $100 million to support programs that strengthen the community. For more information, visit The Community Foundation’s website at www.thecommunityfoundation.net or find them on Facebook, Twitter and LinkedIn.

Submitted by The Community Foundation.

 

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