The Opportunity to End Generational Poverty
The Opportunity to End Generational Poverty
There is much talk in the nonprofit community about eliminating generational poverty. A Jeannette Rankin Scholarship has the potential to do just that. Your gift towards a scholarship could turn into $2.8 M for a woman and her children over the course of their lifetimes. How?
The median income for a woman with a high school education is $30,056. The median income for a woman with a college education is $54,548. The difference is $24,492 a year.
A JRF Scholar that receives her degree at age 40 and then works until age 65, could realize an additional $612,300 in wages in her lifetime. ($24,492 x 25 = $612,300)
A JRF Scholar who has two children that go on to get a college education (because of the great example mom provided in getting her degree) and work from age 22 until 65 could realize an additional $1,057,456 each. ($24,492 x 43 = $1,057,456) The total of increased earnings is potentially $2,727,212 over the course of two generations. ($612,300 + $1,057,456 + $1,057,456 = $2,727,212)
Your gift towards a Jeannette Rankin Scholarship is a gift that is leveraged in the very best way to change women and their children's lives.
Your Gift Makes a Difference
Jeannette Rankin Scholars succeed! Alumnae surveyed in 2013 and 2014 report 95.2% have graduated with the skills needed to secure careers along with pursing higher degrees.
For women ages 35 years and older (at the time they first enrolled), 31% graduate with a degree or certificate within 6 years of enrollment, and 58% leave college without attaining a degree or certificate in that same time frame. ( Institute for Women’s Policy Research)
It is with an overwhelming joy that I now join the staff of Jeannette Rankin Women’s Scholarship Fund. I couldn’t imagine being in any other career, working with individuals more dedicated than all who are involved with JRF.
Jeannette Rankin Fund was celebrating 35 years of changing women's lives in 2011 when we were first introduced. I have been blessed to witness an increase in the number of women receiving the scholarship since I was a recipient. As the Fund approaches 40 years of helping women over 35 further their education, it just floods my soul with hope. Jeannette Rankin Fund's quest to help women invokes an untapped potential while providing the privilege to others who witness Jeannette Rankin scholars conquer their dreams.
Supporters have helped to fuel the fire by providing more than 1,200 scholarships. I hope to see that number double as I am committed to working alongside the team to move the mission forward. The best is yet to come and I’m honored to be on the front lines working with an organization that is making a difference.
The Founders Challenge
Join us for the Founders Challenge! We’re the Founders of Jeannette Rankin Fund, pictured here presenting the first award to Barbara Dixon. It’s exciting to still be helping women achieve their goal of higher education, particularly as the Fund enters 2016, its 40th Anniversary Year.
To start 40 off strong, we’re coming together to match every dollar in new or increased donations up to $40,000!
Did you know that we started Jeannette Rankin Fund in a pizza shop in Athens, GA? We emptied our wallets into a breadbasket and combined that money with Jeannette’s bequest of $16,000. Here we are 40 years later asking for you to put money in the basket, too!
In the past four decades, Jeannette Rankin Fund has awarded 1,133 scholarships. Imagine how many lives have been changed for the better because of these awards. Imagine how many more we can help in the next 40 years!
In our wildest dreams, we never imagined Jeannette Rankin Fund having such an impact on so many women and families. Please join us to make the next 40 even bigger!
The Jeannette Rankin Founding Mothers
Susan Bailey Gail Dendy Margaret Holt Heather Kleiner Reita Rivers
Press Release: Prosperity Together
Local Organization joins $100 Million Pledge to Create Pathways to Economic Security for Women and Their Families in America
Jeannette Rankin Women’s Scholarship Fund Joins the Partnership to Demonstrate the Collective Power of Women’s Foundations in Effective Grantmaking
Athens, Georgia—Jeannette Rankin Women’s Scholarship Fund, a member of Prosperity Together, a nonpartisan partnership of public U.S. women’s foundations, announced a collective five-year, $100 million funding commitment. The funding will create pathways to economic security for low-income women and their families.
Jeannette Rankin Fund, founded in Athens, Georgia in 1976, has helped 47 Georgian women and provided a total of 1,236 scholarships nationally. Currently, two women are receiving scholarships to attend Athens Technical College.
The Prosperity Together partnership will fund local programs with a proven track record in providing women with access to higher education, job training, and child care, among other supports. Prosperity Together made the announcement at the White House Summit on Advancing Equity for Women and Girls of Color on November 13, 2015, which focused on a wide range of issues including the barriers and solutions to economic security confronting millions of low-income women living in America.
While women account for 57 percent of the workforce, they too often occupy minimum wage or part-time jobs, with little to no employer-sponsored benefits, and limited opportunity for growth and advancement. In Georgia, 19.7 percent of women live in poverty.
"Jeannette Rankin Women's Scholarship Fund has been helping women improve their lives through college completion for almost 40 years," Karen Sterk, Executive Director of Jeannette Rankin Fund, said. "We are encouraged by the potential of Prosperity Together to maximize our collective impact and significantly improve so many more lives."
Prosperity Together will harness the collective power, leadership and proven effectiveness of women’s foundations working together to ensure women’s economic security in America. The partnership will also issue a call to policymakers, business leaders, the philanthropic community and the public to understand that economic prosperity for all is guaranteed only when economic security and equal opportunity are guaranteed for low-income women.
Jeannette Rankin Women’s Scholarship Fund was chartered in 1976 and is named after the first woman elected to U.S. Congress. The 501(c)(3) charity provides scholarships and support for low-income women 35 and older across the U.S. to build better lives through college completion. Jeannette Rankin scholars come from diverse backgrounds, yet they are united in their determination to break the cycle of poverty, better provide for their families and give back to their communities. To learn more about Jeannette Rankin Fund, visit www.rankinfoundation.org.
Prosperity Together is a nonpartisan partnership of public U.S. women’s foundations dedicated to improving the economic security of low-income women and their families in America. Prosperity Together demonstrates the critical role and power of women’s foundations to drive this work in communities, state by state, across the country. For more information, visit http://www.womensfundingnetwork.org/initiatives/prosperity-together/.
Advancing Equity for Women & Girls of Color Summit
The White House is hosting a summit Friday, November 13 on expanding opportunity for women and girls of color. The Advancing Equity for Women and Girls of Color Summit will focus on a range of issues including economic development, healthcare, criminal justice and vulnerability to violence.
"Some of the statistics about the state of women and girls of color are pretty bleak: according to a 2015 report by the National Coalition on Black Civic Participation, a black female high school graduate makes about $2,200 less than a white male dropout and black women are near the bottom of earning across all levels of education."
Executive Director Karen Sterk will be at the summit in D.C. as part of Prosperity Together, a partnership of nonpartisan, U.S. women’s foundations. Click here for the live feed. Use #propseritytogether to be part of the conversation.
Read more from the Time article.