2020 Introduction of Foundation and Board1 - Flipbook - Page 3
We Believe In Education
ASBC has held education in high esteem since its beginning in 1803. As early as 1825, the church
opened its first school on-site to educate local youth.
In 2002, ASBC saw the need for an even greater involvement in its support of the area’s youth.
That year, the church voted to form a separate Foundation dedicated to supporting the church’s
educational outreach efforts. The Foundation was to be a non-profit, charitable organization that
was organized as a Virginia non-stock corporation. The organization formally received its 501(c)(3)
non-profit status in 2005 and was eligible to begin accepting tax deductible donations.
-OUR MISSION-
In 2006, the ASBC Foundation Board voted to have as its primary focus area, the awarding of multiple-year college scholarships for financially challenged high school graduating seniors. And that has been our primary focus since then.
All students must meet select academic and financial need criteria. Our ideal candidate is a high achiever whose family is
unable to meet the cost of higher education. That describes the ideal student, though actual grades and the needs of scholarship recipients vary.
The Foundation awards two types of scholarships, Millennium and Legacy. The Millennium Scholarships are funded by
the ASBC Foundation and ASBC itself. The amount of these scholarships is $20,000 disbursed over four years ($5,000 per
year for four years). Two Millennium Scholarships are awarded annually. The Legacy Scholarships are funded by individuals and groups who add their own criteria to Foundation requirements and determine the amounts awarded. Thus, someone
may add a criterion that they desire a female student in STEM attending an HBCU. Another donor may desire to support a
student whose parents are incarcerated. Legacy Scholarships vary from $1000 up to $20,000.
-OUR PRODUCT-
In 2007, the ASBC Foundation awarded its first scholarships to eleven graduating seniors from the Washington, DC
Metropolitan area who planned on attending a four-year college or university. Those scholarships totaled $75,000.
For the 2019-20 school year, the Foundation awarded $159,500 in new scholarships to 46 high school students and 4
divinity school students, and $29,500 in scholarship renewals to 15 prior winners for a total of $189,000, for 72 scholarship awards. The 2019-20 scholarship recipients attended 30 of our nation’s top universities, including 10 HBCUs.
Since 2007 the Alfred Street Baptist Church Foundation (Foundation) has awarded nearly $1.5 million dollars for 332
scholarship awards to students in the Washington Metropolitan area. Nearly 27% of those students were not able to
receive any support from their families. Fifteen of the twenty-one Millennium Scholars fit that category. Some of our
students had filed for independent status, some were living in cars and many were from single-parent home.
The Foundation makes a concerted effort to reach students who are economically challenged, yet still excel academically despite the odds. If requested we provide some students with additional financial assistance, counseling and other
support. As a result, we have a 97% success rate based on first semester college GPA’s of 2.0 or above. Since
2007, our students have attended 102 of our nation’s top universities.
