has announced a ten-year, $20 million grant from the in support of its efforts to help low-income students enroll and succeed in college.
The largest gift ever to the St. Paul-based organization will enable it to fast-track development of , a capacity-building program designed to provide tools and training to colleges and universities so that they can coach and mentor more low-income students on their campuses. The organization, which piloted the program in 2016, hopes to scale it to an additional two million low-income students over the next five years and build its capacity in new sites in Chicago and Philadelphia.
"Gifts like this are extremely rare," said College Possible CEO and founder Jim McCorkell. "They are what every nonprofit dreams of receiving. It is not only a validation of our coaching model and approach, but more importantly, is a testament to the hard work, dedication, and persistence of the leadership team and coaches who have served College Possible over the last seventeen years, as well as the leadership of the national and site boards. This is a great day for low-income students across America."