The Indiana Latino Scholarship Fund was founded out of the desire and need to help talented Latino students in Indiana to realize their dreams of attending higher institutions of education.
Sergio Aguilera, the first Mexican Consulate to Indiana, approached the Central Indiana Community Foundation and Strada Education Network about starting a fund that would support scholarship efforts for Indiana Hispanic/Latino youth. Then, in the spring of 2008, the fund was formed with seven auxiliary organizations: Central Indiana Community Foundation, La Plaza, Mexican Scholarship Fund, National Society of Hispanic MBAs, Sociedad de Amigos de Colombia, and Strada Education Network.
By creating a fund that would support key Latino community-based organizations that already provide scholarships to Latino students, the combined efforts and resources for fundraising would generate a larger pool of funds. This, in turn, would provide more financial opportunities through awarded scholarships for qualified Latino students.
According to the U.S. Census, the number of Hispanic youth under 18 years of age in Indiana doubled from 2000 to 2010. Educating this fast-growing Latino/Hispanic population is critical for the state’s economic future. After three years, the Indiana Latino Scholarship Fund Alliance has raised more than $500,000 to provide talented Latino high school students with scholarships, helping them to be more competitive academically and empowering them to reach levels of personal success they might not otherwise have achieved.
The money raised through LSFA’s collaboration with Indiana corporations, foundations and individuals benefits five Indiana-based scholarship programs that support Latino students in Indiana. The Indiana Latino Scholarship Fund’s purpose is to generate dollars to provide scholarships to top Indiana Latino students. This support allows them to focus on their academic careers and to help keep a lack of financial resources from being a barrier to their academic successes.