Retention, Development, and Graduation Programs
Devoted to retaining talented minority students, developing their critical thinking and problem solving skills, and helping guide them to graduation.
Two scholarships given annually to assist students with the cost of attending college.
The mission of the BLF Foundation is to retain, develop, and graduate college students increasing the number of future leaders in careers and communities.
Meet Courtney, a young vibrant college sophmore who is also a first generation college student. Aspiring to be the first in her family to complete college, Courtney is excited not only to make her family and community proud, but also give back to her community once successfully employed in her industry of study. She desires to share the lessons learned through college with other students like herself and to help increase generational wealth. Courtney demonstrates great potential as she finds success and is active in leadership roles, however midway through her studies, sickness takes over and hinders her mobility. Unsure of how to make adjustments, she encounters struggles that affect her ability to continue with her education and considers dropping out. Thanks to the support she receives from the BLF Foundation’s mentorship program, she learns problem solving skills which help her navigate her studies given the limited range of mobility. She also receives a scholarship from the BLF Foundation which helps to ensure she can remain enrolled and reach graduation! Because of this support, she is able to stay on track and finish her degree. Thanks to the BLF Foundation, this is one student who will not become another statistic — 56% of college students who do not graduate during a six-year tenure of college.
BLF Foundation is a 501(c)(3) non-profit founded to retain, develop, and graduate minority college students. Through our Annual Richard Fontenot and Susan Moore-Fontenot Honorary Scholarships, we are able to assist with the expensive costs of attending college. Through our Developing Future Leaders Year Long Mentorship Program, we develop and mentor college students by providing cognitive and soft skill training so that we increase the number of college graduates. Students in the mentorship program receive a broadened network through the many community and corporate partners we work with and the mentors they are assigned during the program year. Through our signature professional development program provided during the monthly mentorship sessions, students enhance their leadership capacity and cognitive skills. Students are able to translate the skills they gain into strategies for excelling in college, transitioning into careers, and becoming leaders in corporations and local communities.
of college students who started at a four-year college will drop out during year six.
or $21,000 less earned by college dropouts each year compared to college graduates
of median lifetime earnings lost by not completing college.
Our vision for the BLF Foundation is to increase the number of college graduates that find gainful employment and help improve access to generational wealth so that the communities in which they live and serve are improve.
The rate of college dropouts affects not only our students who have reduced financial wealth accumulation during their lifetime, but also has bigger effects for communities and corporations. The need to reduce dropout rates of college students is immediate.
When college students do not complete college, this leads to a lack of talent for careers and opportunities to earn salaries to create generational wealth opportunities. These college dropouts earn 35% less on average compared to college graduates and also are twice as likely to be unemployed. In order to have successful leadership in corporations that create jobs, at a minimum, these companies require graduates that possess critical thinking and problem solving skills.
When college dropouts are unemployed, this leads to continued low income communities. Without gainful employment, many communities are not able to obtain the necessary salaries and wages to build wealth which continues to affect families for multiple generations. In addition, the debt accumulated through student loans becomes too significant to repay which prevents home ownership. Home ownership is a primary asset for minority communities. By graduation from college, these students are able to increase their lifetime earnings, which helps improve the communities where they will live.
Without the financial support from organizations, corporations, community, and individuals, the BLF Foundation vision of supporting the retention, development, and graduation of minority college students would not be achievable. Every donor is a partner in developing a brighter future for countless college students. Scholarship donations deliver a very important message to students — it portrays the importance our donors place on education. We appreciate your commitment, generosity and advocacy for education through your gifts to the BLF Foundation.
more likely for college dropouts to be unemployed, compared to college graduates.
of low-income, first-generation students do not graduate within six years.
of college dropouts default on college loans.
We have been recognized for finding success and making impacts in the lives of college students.
“College Dropout Rate and Other Statistics.” CollegeAtlas, 14 Aug. 2014, www.collegeatlas.org/college-dropout.html.
Tompor, Susan. “College Debt, No Degree Means World of Financial Hurt.” USA Today, Gannett Satellite Information Network, 4 July 2016, www.usatoday.com/story/money/nation-now/2016/07/04/college-debt-no-degree-drop-out-regret-default-loans/86576186/.
90% of low-income, first-gen students don’t graduate on time. But colleges can change that. (n.d.). Retrieved March 16, 2016, from https://www.eab.com/daily-briefing/2016/03/16/90-percent-of-low-income-first-gen-students-dont-graduate-on-time-but-colleges-can-change-that.