Wells Fargo awards $25,000 grant to support veterans at RTC

  • Published Wednesday, November 2, 2016

Published Wednesday, November 2, 2016

Renton – The Wells Fargo West Region Military Grants program has awarded a $25,000 grant to Renton Technical College (RTC) to provide emergency support to students at the college who are veterans of the armed services.

The grant will allow qualified veterans to receive up to $500 in emergency support to cover expenses such as childcare, food, housing, and other critical needs. As many as 50 of the college’s current students could be eligible for this one-time support.

“We are grateful to Wells Fargo for supporting our veteran students, so that they can complete their programs, find good work, and improve the quality of their lives,” said Dr. Kevin McCarthy, president at RTC. “They have already served their country with distinction, and we appreciate what they are now adding to our communities.”

“Wells Fargo salutes Renton Technical College for such incredible support of its veteran students,” said Patrick Yalung, Wells Fargo Washington region president. “We hope our funding helps RTC students fulfill their career aspirations and succeed in life. This grant is an investment in their future.”

Renton Technical College had 205 students in 2015-16 who reported having served in the military services or are dependents of veterans. About 73 percent of these students received some form of veterans’ assistance with their expenses.

Renton Technical College provides dedicated counseling, tutoring and financial support to make their experience at the college more successful. However, financial aid and other benefits don’t always cover the kinds of emergency expenses that can often cause a student to drop out.

“This generous grant by Wells Fargo will help RTC to address this gap in financial assistance,” said Brenda Thompson, veterans adviser at RTC. “Five hundred dollars may seem small to some, but it can make a world of difference to a student facing the choice between paying the rent and keeping the lights on.”

The grant will be formally presented at the college on Nov. 9, at this year’s celebration of Veterans Day. The presentation will take place at 11 a.m. in the RTC Cafeteria, I-Building, at the Renton Highlands campus on 3000 NE 4th St.

Renton Technical College prepares a diverse student population for work, fulfilling the employment needs of individuals, business and industry. Renton Technical College is one of 34 colleges in Washington state operated by the State Board for Community and Technical Colleges. The Renton Technical College service area encompasses the Renton, Kent, Auburn, Tahoma and Enumclaw School Districts and the central and south portions of the Seattle School District.

Wells Fargo has 3,500 team members in Washington who serve customers through a network of 233 banking, mortgage and investment offices, and 235 ATMs. In 2015, Wells Fargo invested $3.6 million in Washington nonprofits and schools and its team members personally donated $1.3 million and recorded 31,000 volunteer hours.

In 2012, Wells Fargo created a Military Affairs Program to expand outreach to members of the military, veterans, and their families who may be facing financial hardships. Over four years, Wells Fargo has donated $68.5 million through home donations and support for veteran job training and career transition programs.




For more information contact:

Roberto Bonaccorso, Director of College Relations and Marketing
(425) 235-2356, rbonaccorso@rtc.edu
www.rtc.edu, Twitter: @RentonTech

David Kennedy, Wells Fargo Washington Regional Communications Manager
Office: (907) 265-2184  Cell: (907) 830-3139
Twitter: @DavidJKennedyWF