History
A Look Into our Past & Present

Our Past

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Ted Forstmann and the late John Walton first met as donors to the Washington Scholarship Fund (WSF), which was founded in 1993 to provide scholarships for low-income families in our nation's capital. When more than 8,000 applications poured into WSF for the 1998-99 school year, the two men realized there was real demand among poorer families for alternatives to the public school system.

 

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Our Present
Originally, CSF was planned as a four-year program, and families were not promised anything beyond that. But it quickly became obvious that to truly ensure the children would gain a solid foundation, we would have to fund them through the 8th grade. So, after the first four years, we went back to our partner programs and generous donors in an attempt to extend the original awards through 8th grade and allow younger siblings to get scholarships, too. Most of the partner programs not only agreed to extend the original scholarships through 8th grade and add siblings – they also awarded brand new scholarships.

Today, many of the CSF partner programs continue to offer new scholarships annually. The CSF national headquarters in New York administers almost 8,600 scholarships in New York City, as well as providing matching funds and program support for the partner programs nationwide.

 

 

 
 
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