Page 29 - 2024 May report

ELEVATION SCHOLARS YEAR 2 REPORT
Johnson Scholarship Foundation | Elevation Scholars Year 2 Report
• Year 2 qualifying funds: We have successfully acquired 3 new funding sources that will allow us to match, dollar for dollar, the 150k available in year 2 of our partnership with JSF:
• In November of last year, we ran a peer-to-peer fundraiser with our corporate partners at Stanley Martin Homes. The Stanely Martin Team galvanized their
vendors to raise $27,616, which was matched by their Division President,
bringing us to a grand total of $55,232.
• In January, we held our 3rd annual breakfast fundraiser. We were able to
recruit table sponsors and day of donations by offering them the JSF
matching component. The event produced a total revenue of $ 59,000.
• In early March, we secured a $50,000 grant from the Orlando Magic Youth
Foundation in which we highlighted the importance of robust corporate and foundational partnerships for our scholars.
• Usage report: (Please see corresponding spreadsheet) The matching funds are used towards our general operating budget. Just last week, we accepted our 11th cohort of Elevation Scholars. Thanks to your support and that of those we have been able to recruit through the matching grant, we are proud to announce that we were able to say "yes" to more deserving students. This is the first time in 5 years we have
been able to grow our annual cohort from 18 to 24, positioning us for our 5-year strategic goal of 35 annual awards. In order to support the increase in students served, we had to simultaneously expand our staffing footprint. We are currently in the final stages of hiring our 2nd ever College Success coach. The expansion will allow us to ensure we maintain the quality and caliber of our 5-year coaching commitment to award recipients. Although our 25K award stipend is disseminated over 5 years, year 1 of the program is the most expensive because of one-time expenses like college tours and test prep. With the increase in this year's cohort, the funds will partially allow us to confidently and adequately fund year 1 for Class
11.
• Goals report: For the past 4 years, we have worked towards our goal of becoming
the most effective community organization for college success among high- achieving high-need students throughout Central Florida. To measure our progress, we have Identified the organizational KPIs below:
o Goal #1 for Year 2: Maintain 95% or greater persistence rate among our college students.
Education / A Powerful force for change Page 27