Caldwell Trust Company celebrates 25th anniversary and continued support of Step Up For Students

NOVEMBER 29, 2018

Caldwell Trust Company, an independent trust company with more than 25 years of investment experience and one billion dollars in assets under management, announced Nov. 29 a $30,000 contribution to Step Up For Students Scholarship Program for the 2018-19 school year.

Caldwell Trust has been a partner of Step Up For Students since 2011 and has contributed a total of $220,000 towards the scholarship program. The company’s contribution over the years has funded 40 K-12 scholarships so lower-income children can attend the school that best meets their learning needs.

On Nov. 29 Caldwell Trust Company celebrated its’ cumulative contribution of $220,000 to Step Up For Students. Pictured (adults from left to right) are Epiphany Cathedral School Principal M.C. Heffner, Caldwell Trust’s President and CEO R.G. “Kelly” Caldwell, Jr., and Step Up For Student’s Development Officer Cheryl Audus. They are joined by several students from Epiphany Cathedral who are benefiting from the scholarship.

“At Caldwell Trust, we consider it our civic duty and privilege to contribute to our community both as a company and as individuals,” said R.G. “Kelly” Caldwell, Jr., president and CEO of Caldwell Trust Company.  “We are proud to partner with Step Up For Students and support the unique learning needs of Florida schoolchildren.”

Caldwell Trust is also celebrating its 25th Anniversary this year and Step Up scholars and parents from Epiphany Cathedral School in Venice, which serves more than 250 Step Up students, wanted to thank the company for its support. On Nov. 29, they visited the company headquarters and presented 25 handwritten thank you cards to Caldwell Trust associates in recognition of the milestone anniversary. Students, parents, and Epiphany Cathedral administrators had the opportunity to share their personal experience about the importance and impact of the Florida Tax Credit Scholarship program.

In recognition of Caldwell Trust’s 25th Anniversary, the students from Epiphany Cathedral presented 25 thank you cards to R.G. Kelly Caldwell, Jr., President and CEO Of Caldwell Trust. Pictured (from left to right) are Epiphany Cathedral School Principal M.C. Heffner, Caldwell Trust’s President and CEO R.G. “Kelly” Caldwell, Jr., and students from Epiphany Cathedral who are benefiting from the scholarship.

“Our school wouldn’t be what it is today without Step Up For Students,” said M.C. Heffner, principal of Epiphany Cathedral. “We are so thankful that these deserving students can attend our school, who without the scholarship wouldn’t be able to.”

Step Up For Students is a nonprofit organization that helps manage the income-based Florida Tax Credit Scholarship Program. The program is funded by corporations with tax-credited donations and allows parents and students to choose between a K-12 scholarship to support private school tuition and fees, or one that assists with transportation costs to out-of-county public schools.

“We are thrilled that Caldwell Trust has once again committed to helping us provide educational choices for students who otherwise wouldn’t have the opportunity,” said Doug Tuthill, Step Up For Students president. “We are grateful for our partnership and for all they are doing to give back to their community.”

For the 2018-19 school year, Step Up For Students is serving more than 98,500 students throughout Florida with tuition scholarships valued at up to $6,519 per student for kindergarten through fifth grade, $6,815 for sixth through eighth grade, and $7,111 for ninth through 12th grade. More than 1,800 private schools participate in the scholarship program statewide.

About Caldwell Trust Company
Caldwell Trust Company is an independent trust company with offices in Venice and Sarasota, Florida. Established in 1993, the firm currently manages a billion dollars in assets for clients throughout the United States. The company offers a full range of fiduciary services to individuals including services as trustee, custodian, investment adviser, financial manager and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.

About Step Up For Students 
Step Up For Students is a nonprofit organization that helps administer the income-based Florida Tax Credit Scholarship Program. Students who qualify for the national free or reduced-price lunch, or those who are homeless or in foster or out-of-home care, may qualify. The scholarship program provides tuition assistance to the private school of their parents’ choice or financial assistance to offset the transportation cost to an out-of-district public school. Since 2001, Step Up has awarded more than 680,000 scholarships.

A first-of-its-kind study on the long-term effects of the scholarship program by The Urban Institute found that students who use the scholarship four or more years are up to 43 percent more likely to go to college and up to 29 percent more likely to earn an associate degree than their peers.

Step Up also helps administer the state-funded Gardiner Scholarship for Florida students with certain special needs, plus two new scholarships, the Hope Scholarship for public school students who are bullied and the Reading Scholarship Accounts for third- through fifth-grade students enrolled in public school who struggle with reading.

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