OLC Increases Endowments To Mark 35th AnniversaryNov 15th, 2006 | By tcj | Category: 18-2: Traditional Wisdom Our Strength, Tribal College News
Oglala Lakota College (OLC, Kyle, SD) celebrates 35 years of service in 2006. OLC, a 4-year tribal college with nine college centers on the Pine Ridge Indian Reservation and a learning center in the Black Hills, serves over 1,300 students a semester. It is chartered by the Oglala Sioux Tribe and accredited by the Higher Learning Commission of the North Central Association.
OLC recently entered into an agreement with the Johnson Scholarship Foundation for the establishment of an endowment fund that will support student scholarships and a business center.
The Johnson Scholarship Foundation will provide $200,000 annually for 4 years as long as OLC matches this amount with $300,000. There is now $500,000 in the Johnson Scholarship Foundation account. However, no interest distribution will be made until the account reaches its goal of $2 million.
OLC also received a $20,000 matching grant from the South Dakota Community Foundation when it raised $80,000 for the Calvin Jumping Bull Scholarship. The funds raised for this scholarship will remain in the investment portfolio of the South Dakota Community Foundation, and OLC will receive $5,000 annually for distribution to its students.
“I know that this investment by the Johnson Scholarship Foundation will lead to greater entrepreneurial accomplishments on our reservation. The financial support leads to greater self-determination for our people on the Pine Ridge Indian Reservation,” says OLC President Thomas Shortbull. “With the matching grants from the two foundations, OLC is making progress on meeting its goal of raising $6 million in student scholarships by 2011.”
On June 25, 2006, OLC graduated its 33rd class of 166 students with masters, baccalaureate, and associate degrees and certificates.
“We are extremely proud of our graduating students; they serve as role models for our future generation,” says Shortbull. “We believe that Oglala Lakota College has played, and will continue to play, a major role in rebuilding the Lakota Nation, one student, one graduate at a time,” he adds.
For information, contact Marilyn E. Pourier, development director, at (605) 455-6045 or visit www.olc.edu for student scholarship information.