NEWPORT NEWS, Va.–In its first year, Bayport Credit Union is reporting its BayPort Foundation has raised $158,875 to support student scholarships and educational grants in the Greater Hampton Roads area.
“This incredible outcome was made possible by the generous contributions of several individual long-standing credit union members and business partners,” the credit union said. “The inaugural BayPort Foundation Crawlin’ Crab Race Weekend also included funds from race participants, charitable donations, and its three official corporate sponsors: Cox Business/Cox Media, Newport News Shipbuilding, and Staples.”
The Foundation’s first-year efforts permit the increase of its annual scholarship program to $100,000 in tuition assistance to students of all ages attending an accredited college or university, trade, or vocational school. For the 2022-2023 academic year, the Foundation said it will offer 10 different scholarship types to member students ranging from high school seniors, college students, and full-time working adults going back to school.
In addition, the Foundation is proud to introduce its newest scholarships: the Donald I. Steppe Memorial Scholarship and the McGee Family Scholarship. Both scholarships are family gifts as inaugural donors to the BayPort Foundation Legacy Giving Program, which honors those who share BayPort’s commitment and philanthropic efforts.
The Donald I. Steppe Memorial Scholarship is a $2,000 one-time scholarship awarded annually to a Thomas Nelson Community College graduate pursuing a baccalaureate degree at a four-year college or university. The McGee Family Scholarship is a $2,000 one-time scholarship awarded annually to a student attending the Thomas Nelson Community College Early Childhood Development program.
“The success of our first-year fundraising is a testament that acknowledges BayPort’s longtime supporters. Philanthropy is more critical today than it has ever been. We are deeply grateful to our business partners and board members. Without this community support, the Foundation’s mission would not be possible,” said Foundation Chairman and BayPort President/CEO Jim Mears.
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