Tri-County Scholarship Fund

Freedom through Education

Mendham, NJ   |  www.tcsfund.org

Mission

Tri-County Scholarship Fund provides K-12 scholarships to deserving and financially disadvantaged children in northern New Jersey so they can obtain a high quality, values-based education at accredited private elementary and secondary schools that will enable them to achieve their full potential.

Ruling year info

1983

President

Ms. Prudence Pigott

Main address

14 West Main Street

Mendham, NJ 07945 USA

Show more contact info

EIN

22-2354475

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

A number of public schools in the communities where low-income families live in northern New Jersey do not consistently provide optimal environments for students to learn and feel safe. The reasons greatly vary, but the end result is that many students don’t receive the attention and supports they need to succeed in school. They often lose faith in the educational system to help them leave poverty behind, and/or their ability to succeed academically. Many of these students graduate high school ill prepared to enter and/or succeed in college or participate in other forms of advanced training. Some students drop out of high school. Dropout rates greatly vary by each school but can range from single digits to as high as 50%. The majority of these students ultimately fail to develop a realistic plan that ensures a better financial future for them. This lack of a realistic plan often relegates these students to remaining in varying stages of poverty for the rest of their lives.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarship

Tri-County Scholarship Fund provides K-12 scholarships to deserving and financially disadvantaged children in northern New Jersey so they can obtain a high quality, values-based education at accredited private elementary and secondary schools that will enable them to achieve their full potential.

Population(s) Served
Children and youth
Economically disadvantaged people

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Tri-County Scholarship Fund aims to help as many young people as possible from low-income families gain a PRIVATE SCHOOL K-12th education that empowers them to build the knowledge, skills, and confidence they need to permanently leave poverty behind.

Tri-County’s goal to achieve this aim is to provide as many partial, needs-based scholarships as possible to the thousands of low-income families and their K-12th grade children who deeply desire to acquire a high-quality, values centered education at local, cost-efficient, safe PRIVATE SCHOOLS but who can’t afford the total tuition.

The strategies Tri-County employs to ensure this aim and goal are achieved are as follows.

A. inform many thousands of low-income families of Tri-County’s scholarships for K-12th grade students that will enable them to attend local private schools;

B. Have a third party, independent source qualify all families who apply in order to rank them by income, with the lowest income families ranked the highest;

C. Award as many scholarships as possible to K-12th grade students from qualified, low-income families - $2,000 to each K-8th grade scholarship recipient, $4,000 to each 9-12th grade scholarship recipient, and $5,000 Freedom scholarships to select high school students who demonstrate strong academic skills as well as financial need;

D. Ensure all scholarship recipients meet all requirements to maintain their scholarships during the academic year;

E. Strive to continue awarding scholarships to qualified students each year until they graduate from their chosen private schools;

F. Ensure scholarship recipients receive the guidance they need to establish a viable plan for college, other advanced training, and/or career goals;

G. Provide scholarship recipients and Tri-County alumni access to opportunities that expose them to fields of study, internships and/or work opportunities that help students choose and/or further their careers.

Tri-County Scholarship Fund has multiple capabilities to achieve this goal.

A. Tri-County is capable of annually raising over $1 million for scholarships.

B. Over 1,000 individuals, foundations, corporations and other businesses make donations in support of Tri-County scholarships.

C. Tri-County maintains a very small staff – 3 people – and is advised by a board of 50 trustees who represent a wide cross-section of New Jersey and New York organizations in finance, banking, law, real estate, accounting and many other fields.

D. 100% of trustees make significant donations.

E. Tri-County organizes several fundraising events over each year, the largest of which is a dinner attended by over 700 supporters.

F. Tri-County works in close collaboration with 38 private schools in northern New Jersey.

G. Tri-County maintains an aggressive outreach and communication effort to grow relationships with current supporters as well as engage new supporters.

H. Tri-County strives to optimize every opportunity to enable supporters to discover a way they feel comfortable helping Tri-County students succeed.

I. Tri-County ensures supporters remain focused on the purpose of Tri-County’s existence, which is the success of the scholarship recipients, not the organization.

Tri-County Scholarship Fund has achieved several accomplishments.

A. Since its founding in 1981, Tri-County has awarded over 32,000 scholarships to low-income students valued at over $28 million.

B. Tri-County recently raised over $1 million at our main fund-raising dinner for the first time

C. Tri-County recently raised over $1.5 million from all fund-raising events for the first time

D. Tri-County recently received a separate $1 million gift for scholarships from a new foundation

E. Tri-County recently had a building donated, valued at over $750,000, which is now our headquarters.

F. The board of trustees has achieved greater diversity, with representation of each of the ethnicities and backgrounds of the students receiving scholarships

G. 100% of Tri-County trustees give generously of their resources as well as time

H. The number and depth of involvement of volunteers has increased

I. Many new, mutually beneficial partnerships been established with businesses who can help Tri-County students and alumni learn about various professions, acquire internships, and/or employment.

Next on our agenda is to:

A. Increase the number of scholarships awarded to over 2,000 qualified students who are currently on our waiting list.

B. Develop the next phase of our student/alumni internship and employment opportunities program in close collaboration several local corporations/businesses.

C. Grow public awareness and the value of the Tri-County Scholarship Fund.

D. Grow the number of Tri-County supporters.

Financials

Tri-County Scholarship Fund
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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Tri-County Scholarship Fund

Board of directors
as of 05/19/2022
SOURCE: Self-reported by organization
Board co-chair

Joseph Spada


Board co-chair

Fran Howard

Organizational demographics

SOURCE: Self-reported; last updated 2/4/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data