Allan Hancock College Launches $10 Million Endowment Fund - KSBY.com | San Luis Obispo and Santa Barbara Area News

Allan Hancock College Launches $10 Million Endowment Fund

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Allan Hancock College officially launched a five-year, $10,000,000 endowment to fund The Hancock Promise.  The endowment is backed by individuals, foundations, and businesses throughout the community, including a $250,000 grant from the Santa Barbara Foundation.

The Hancock Promise provides high school graduates with the opportunity to have their first year of tuition and fees at Allan Hancock College covered for free.  Doris Lahr, a member of Allan Hancock College's Board of Trustees since 1994, began the endowment campaign with a gift in May that was followed by organizations like Pacific Gas and Electric, Marian Regional Medical Center, and more.

"we are grateful for the overwhelming support from our Promise partners who see The Hancock Promise for what it is for our community, a game-changer," said Hancock Superintendent/President Kevin G. Walthers, Ph.D.  "when fully funded, this endowment will allow us to say that anyone who graduates from a high school within our district can receive a college education and their first year tuition free at Allan Hancock College." 

The Hancock Promise will begin in the summer of 2018, and is open to anyone from a high school located in the Allan Hancock Joint Community College District and registers at Hancock immediately after graduating.  Students who are part of the Promise program will save more than $1,200 on tuition and fees, receive priority registration.  Promise students will also establish an academic plan for success with personalized counseling.  

"The Hancock Promise Fund will be an important 2018 priority for the Allan Hancock College Foundation," said Guy Walker, a board member of the Allan Hancock College Foundation who will serve as the campaign chair.  "Over the next five years, our goal is to ensure, in perpetuity, that the Hancock Promise is here to support our students and our community.  We are well on our way toward that goal!"

For more information about the endowment click here.

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