Cobalt Mortgage Dollars for Scholars Awards $115,700 in Scholarships to 80 Students Nationwide
KIRKLAND, Washington (May 24, 2013) Cobalt Mortgage Dollars for Scholars, a three-year old non-profit organization, partnered with individual donors, business partners, and the employees of Cobalt Mortgage in the creation of scholarships to help students pursue their post-secondary education goals. This August, over $115,000 in scholarship funds will be distributed to 80 deserving students in the states of Washington, Oregon, Nevada, Colorado, Arizona, Texas, Utah, and Oklahoma. That’s more than a two-fold increase over 2012 awards.
Individual donors and business partners contributed nearly $45,000, which was matched dollar-for-dollar by Cobalt Mortgage. The remainder of the funds came from employee donations and company contributions. The purpose of the company’s non-profit initiative is to make a positive impact on the youth and their families in the communities they serve.
“Once again, our partners have stepped up to show that helping kids succeed through higher education is a real priority,” said Keith Tibbles, President and Co-founder of Cobalt Mortgage. “It’s our privilege to support a program that directly benefits our communities in such a positive way.”
Nationally, Cobalt Mortgage Dollars for Scholars and private donors have teamed up to award almost $180,000 in scholarships to students since the program’s founding in 2010.
The Mercer Island High School scholarship recipient is listed below.
The Rosenwald 5 Family Scholarship
Lorraine Davis, Mercer Island High School
About Cobalt Mortgage Dollars for Scholars
On August 31, 2010, Cobalt Mortgage founded and initially funded the first corporate chapter of Dollars for Scholars in the United States. Cobalt Mortgage Dollars for Scholars, a 501(c)3 nonprofit foundation, has a mission to support communities and to pioneer corporate citizenship by providing post-secondary scholarships through community partnerships. www.cobaltscholars.org
About Cobalt Mortgage
Founded in 2001, the firm has a decade-long reputation of responsible lending. One of the largest privately held mortgage-banking firms in the Pacific Northwest, Cobalt Mortgage has offices throughout the United States, including Arizona, California, Colorado, Oregon, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington. With strong leadership provided by co-founders Keith Tibbles and Ernie Gehre, the company is dedicated to ethical lending practices, community philanthropy, and personal integrity. As corporate supporters of the Boys and Girls Club, and Cobalt Mortgage Dollars for Scholars (a program of Scholarship America®) the company makes a positive impact in the communities where they operate. www.cobaltmortgage.com
Cobalt Mortgage is licensed in Arizona, California, Colorado, Idaho, Louisiana, Michigan, Montana, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming. Cobalt Mortgage, Inc., NMLS Unique Identifier: 35653.
Contact:
Leah Schedin
Cobalt Mortgage Dollars for Scholars Board Member
Cobalt Mortgage Marketing Director
11241 Slater Ave. NE, Suite 110
Kirkland, WA 98033
leah.schedin@cobaltmortgage.com
(425) 216-8105
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