Michael Frey, a sophomore at Palm Beach Atlantic University, has been selected to receive a $2,400 UPS Scholarship provided through the Florida Independent College Fund.
Frey, of Bradenton, Fla., is majoring in physical education with a concentration in exercise science at PBA, and he is minoring in biology.
The Florida Independent College Fund is a statewide association for private colleges and universities that is affiliated with the Council of Independent Colleges (CIC). At the national level, CIC teams up with the UPS Foundation to distribute funding of the UPS Scholarship. This year, CIC awarded nearly $1.45 million in scholarships from its UPS Educational Endowment Fund to private institutions of higher learning across the nation, including a grant of $69,600 to the Florida Independent College Fund. These scholarships are awarded on the basis of the students’ academic achievement and financial need.
The UPS Educational Endowment Fund, which is held and administered by CIC, was established in the 1980s through endowment gifts from the UPS Foundation totaling $4 million and is now valued at $39 million. Since its inception, this fund has awarded $48 million in scholarship support to over 16,000 students nationwide.
The Council of Independent Colleges is an association of nearly 700 independent, liberal arts colleges and universities and higher education affiliates and organizations that work together to strengthen college and university leadership, sustain high-quality education, and enhance private higher education’s contributions to society. To fulfill this mission, CIC provides its members with skills, tools, and knowledge that address aspects of leadership, financial management and performance, academic quality, and institutional visibility. In addition, 32 State Fund Members coordinate programs, provide information, and generate contributions, grants, and gifts in support of private colleges and universities within their respective states.
The UPS Foundation is the charitable arm of UPS, the world's largest package delivery company and a global leader in supply chain and freight services. UPS promotes community involvement through its ongoing volunteerism and grant programs, environmental sustainability and corporate philanthropy. In 2010, UPS and its employees, active and retired, invested more than $95 million in charitable giving around the world.