Capital Bank Announces Commitment to Step Up For Students Scholarship Program with $50,000 Pledge
February 17, 2015 | Miami, Fla. – Capital Bank today announced a $50,000 commitment to the Step Up For Students Scholarship Program, a nonprofit organization that provides scholarships for low-income Florida students in kindergarten through 12th grade.
Step Up For Students helps administer the Florida Tax Credit Scholarship Program, which provides scholarships to qualified low-income families throughout Florida. The program allows recipients to choose between a scholarship to help with private school tuition and fees, or a transportation scholarship to attend an out-of-district public school. Scholarships are funded by corporations that receive a dollar-for-dollar tax credit for their contributions.
“We are proud to invest in the education of Florida’s youth, knowing that we are helping to create a stronger community and well-educated future workforce. It’s truly a win-win,” said Capital Bank’s Market President, Edward Holden. Capital Bank has locations in Broward, Collier, Lee, Miami-Dade, Monroe and Sarasota Counties and is a new donor to the scholarship program. Its contribution will provide nine scholarships for Florida students.
“Our organization strives to help Florida families customize their children’s educational experiences because we know that children learn in different ways and need many options,” said Doug Tuthill, Step Up For Students president. “We are grateful that Capital Bank supports our mission and are looking forward to a wonderful partnership that benefits our state’s most valuable assets – our students.”
Step Up For Students is serving approximately 70,000 children with income-based scholarships during the current 2014-15 school year.
About Step Up For Students:
Step Up For Students is a nonprofit organization responsible for administering the Florida Tax Credit Scholarship Program. The scholarship program is available to students who qualify for free- or reduced-price lunch and students who are in foster care or who are homeless. It provides tuition assistance to the private school of their parents’ choice or transportation help to an out-of-district public school. Scholarships are funded by corporations that receive a dollar-for-dollar tax credit for their contributions.
Step Up For Students also helps administer state-funded personal learning scholarship accounts (PLSA) for Florida students with special needs. With the PLSA’s, recipients may use the funds for a variety of services including private tutoring, occupational therapy, instructional materials and other services.
For more information, visit www.StepUpForStudents.org.
About Capital Bank:
Capital Bank, N.A. was formed in July 2010 as the banking subsidiary of Capital Bank Financial Corp., a bank holding company incorporated in 2009 with the goal of creating a regional banking franchise in the Southeastern United States. With approximately $6.8 billion in total assets as of December 31, 2014, and more than 1,600 employees, Capital Bank offers a broad range of financial services and operates 162 branches in Florida, North Carolina, South Carolina, Tennessee and Virginia. More information on Capital Bank is available at www.capitalbank-us.com.