CSUSM Receives $50,000 Donation from LPL Financial


Media Contact: Margaret Lutz | mlutz@csusm.edu

Gift Benefits College of Business Administration Students and ACE Scholars Services

California State University San Marcos (CSUSM) today announced the receipt of a $50,000 donation from LPL Financial, one of the nation's leading financial services companies and the largest independent broker-dealer, headquartered in Boston, Charlotte, and San Diego. The gift will provide for scholarships for College of Business Administration (CoBA) students; support CoBA's new Student Value Improvement Program (VIP), a recently launched program aimed at providing students with a holistic business education; and provide funding to ACE Scholars Services, a program that supports former foster youth in their efforts to obtain a college education.

A total of $29,000 has been designated for six scholarships for business students, five at $5,000 and 1 at $4,000. Recipients must be juniors or seniors who have achieved business status (not pre-business) and a 3.25 cumulative grade-point average. Students must have filled out the 2010-11 General Scholarship Application and essay due earlier this spring to be considered for this opportunity.

$15,000 will go to the College of Business Administration's Student VIP program, a set of extra-curricular activities designed to enhance curriculum, and provide opportunities for personal and professional skill development that will aid students in the workplace. Over a two-year period, students will engage in a series of activities to teach them personal and professional skill sets and have them practice their newly acquired knowledge for mastery. The three stated goals of the program are to assist students in selecting an appropriate career, to provide help in obtaining a first job, and to develop lifelong skills for success.

"With this pilot program, we are looking to provide a holistic approach that combines the strong academic foundation found in our curriculum with a broad range of opportunities for personal maturation and professional growth," said CoBA Dean Dennis Guseman.  "We are extremely appreciative of the generous gift LPL Financial provided for both the scholarships and the VIP program. These funds will ensure financial viability for the future of this important and life-changing program as well as help ease the financial burden on our students."

LPL Financial has also designated $6,000 to ACE Scholars Services for general operational expenses. ACE Scholars Services is a comprehensive program that supports former foster youth in their efforts to obtain a college education. ACE supports ambitious former foster youth exiting the system or transferring from a community college and provides the much needed guidance and financial assistance to ensure the students success at Cal State University San Marcos.

"We are pleased to be able to partner with Cal State San Marcos to provide outstanding educational opportunities for students - the future workforce of America - Supporting these programs helps to prepare students to capture the many opportunities within the employment marketplace," commented Esther Stearns, president and COO of LPL Financial. "We couldn't be prouder to be providing these scholarship funds for students, and to help play a role in shaping better lives and enhanced opportunities for them."

About California State University San Marcos
California State University San Marcos combines the ambiance of a mid-sized, personal, modern campus with the unequaled value of the California State University. Since its founding in 1989, the campus has distinguished itself. Students benefit from the latest facilities and equipment, a superb faculty that enjoys teaching, and a rigorous academic program that prepares students for a successful life in and out of the workplace. A recent survey reported that our annual spending in the region was $161 million, generating a total impact of $307 million on the regional economy. 85 percent of CSUSM's alumni stay in the region. CSU San Marcos is located on a 304-acre hillside overlooking the city of San Marcos. It is 15 miles east of the ocean; just 30 miles north of downtown San Diego.

About LPL Financial
LPL Financial is one of the nation's leading financial services companies and largest independent broker-dealer (based on total revenues as reported in Financial Planning magazine, June 1996-2009).  With approximately 2,400 employees at headquarters in Boston, Charlotte, and San Diego, LPL Financial and its affiliates offer industry-leading support to nearly 12,000 financial advisors and over 750 financial institutions who, in turn, provide independent financial advice to millions of Americans.  For more information, please visit www.lpl.com.