DTCC continues its support of scholarship program for Florida schoolchildren
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has contributed over $711,000 to Step Up For Students in the last year, helping nearly 100 Florida schoolchildren attend a K-12 school that best fits their learning needs and making a difference in their local community.
Zoe was one student who benefited from DTCC’s contribution. Zoe, who was determined to succeed in school, sought to create a different path for herself than the one her mother and brother followed, where both dropped out of school. Zoe “always felt education was No. 1 over everything,” and through the Step Up For Students Florida Tax Credit (FTC) Scholarship, she was able to attend Carrollwood Day School in Tampa, where she graduated with a 4.0 GPA and went on to attend Louisiana State University (LSU) to study sports medicine.
This is exactly what Zoe’s mom, Pamala, wanted for her daughter, adding, “I’m so thankful and so grateful. She would not be where she is today if she did not have the Step Up Scholarship and go to that school.”
Just like Zoe, more than 100,000 schoolchildren throughout Florida have benefitted from the scholarship they received during the 2020-21 school year.
“At DTCC, it is our mission to drive positive change” said Susan Cosgrove, CFO at DTCC. “We believe Step Up For Students is doing just that and we are proud to support their efforts in helping students throughout Florida access the education they deserve.”
Since partnering with Step Up For Students in 2019, DTCC has generously funded 239 Florida Tax Credit (FTC) Scholarships through contributions totaling $1.6 million. The income-based scholarship program is funded by tax-credited donations from corporations and allows parents and students to choose between a scholarship to support private school tuition and fees, or one that assists with transportation costs to out-of-district public schools.
“DTCC is committed to investing in their community and this donation is proof of just that,” said Doug Tuthill, Step Up For Students president. “With the support of companies like DTCC, we are able to continue to provide educational options for deserving students in Florida.”
Since 2002, Step Up has awarded more than 1 million Florida Tax Credit Scholarships. More than 1,800 private schools participate in the program.
“We remain deeply committed to making a difference in communities where we live and work, and we’ve seen, firsthand, the life-changing benefits of the Step Up For Students program, in Tampa – where we are based - and across the state of Florida. We look forward to our continued partnership with this important organization,” stated Marie Chinnici-Everitt, CMO and Head of DTCC Tampa.