Insurance Industry Leaders Provide Record-Setting Contributions to Step Up For Students
OCTOBER 10, 2017 | TAMPA, FL
Step Up For Students and Tower Hill Insurance Group joined together Tuesday at Florida College Academy to celebrate the insurance company’s record-setting contribution to the Florida Tax Credit (FTC) Scholarship Program during National Hispanic Heritage month.
Since 2011, Tower Hill has contributed more than $3 million to Step Up For Students, providing scholarships to more than 600 of Florida’s underprivileged students who are given access to a private school or financial assistance to attend an out-of-district public school.
“During a time when we recognize the prominent role the Hispanic community has played in building this great nation, I am proud that Tower Hill is working to fund hundreds of scholarships in order to help serve more students,” said Don Matz, CEO of Tower Hill. “It has been a pleasure meeting with so many brilliant, caring students this morning.”
Step Up For Students, the nonprofit organization that helps administer the income-based FTC scholarship program, provides opportunities to nearly 105,000 students across Florida this school year. Roughly 38 percent of students statewide are Hispanic, and the typical scholarship student comes from a single-parent household where the average income is $25,353.
In Hillsborough County, 40 percent of the 4,850 students benefiting from the program are Hispanic. Step Up For Students praised Tower Hill’s generosity, which has been crucial to fueling the growth of the program.
“The impressive level of support from Florida’s insurance industry is critical to advancing our mission of providing educational options to underprivileged children across the state,” said Doug Tuthill, president of Step Up For Students. “Tower Hill’s contribution is an investment in students and allows them to access the education that best meets their individual learning needs.”
Families and students that have benefited from the FTC scholarship program spoke out in support, urging other leading companies to consider participation. Florida College Academy, located in Temple Terrace, has 258 students in pre-K through eighth grade, approximately 50 percent of whom are Step Up scholars.
“As both a teacher at Florida College Academy and a parent of two scholarship students, I have witnessed first-hand the overwhelming transformation this program has made in the lives of its recipients,” said Stephanie Meier, mother to third- and fourth-grade scholarship students. “I hope that all interested families who qualify for this program are granted the same opportunity that my family has been privileged to experience.”
A recent study of the program found that FTC scholarship students are significantly more likely to attend college and receive a degree. The study compared FTC students to a comparable set of Florida public school students, assessing college enrollment, persistence, and attainment rates. The widely reported study found that students who are on the FTC scholarship program for four or more years are 40 percent more likely than their public school counterparts to attend college and 29 percent more likely to earn an associate degree.
To learn more about Tower Hill, visit https://www.thig.com. More information on the impact of the Florida Tax Credit Scholarship Program and how to support Step Up for Students is available at https://www.stepupforstudents.org.