The Purpose Fund

Statement of Purpose: The Purpose fund aims to support students who have financial hardship that deter continuing education. Portfolio Resident Services commits to providing social and cultural enrichment to affordable housing communities through academic and skilled-trade study. The Purpose Fund was started to support the students in low to moderate income households through academic and trade-skilled study.The main goal is to support student by engaging with them and their institutions, ensuring students have the resources needed to succeed from enrollment to employment. The Purpose Fund Scholarship Committee awards scholarships for the purpose of recognizing high school seniors and technical school or college students who actively reside in eligible affordable housing properties that PRS provides community programs to. This scholarship is awarded to students who have shown academic or technical excellence, which is intended to provide financial assistance to student residents attaining their educational and career goals. Eligibility Requirements: 1) Must be a resident of an affordable housing complex in which Portfolio Resident Services provides services.  2) Have a family income which is less than 80% of median income in the area in which they reside; and 3) Have a high school cumulative 2.5 GPA on a 4.0 scaled and attend a technical school or college/university (applicants must provide evidence of an acceptance letter); or 4) Hold a GED and will attend a technical school or college/ university (applicants must provide evidence of an acceptance letter); or 5) Be an existing student at a technical school or college/university with a 2.5 GPA on a 4.0 scale (applicant must provide evidence of current enrollment and current GPA) Application Requirements & Checklist: 1) Completed scholarship application form: • Student Information • School & Community Activities 2) An official high school transcript with cumulative GPA; or 3) Copy of GED certification, OR 4) A current official technical school or college transcript; AND 5) 2 Letters of recommendation from a Teacher, School Counselor or Administrator, Academic Advisor or Professor (the letter cannot be written by a relative or the applicant) 6) Essay on given topic Submission Instructions & Deadline: All eligibility requirements must be met for an application to be considered for scholarship awards. Incomplete application will not be considered. Completed applications will be accepted on a rolling basis but must be postmarked no later than January 31 preceding the Fall semester.
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