Angel Fund Tops $1 Million Milestone
The Angel Fund, considered by Providence College officials to be a beacon of opportunity amid the lagging national economy, surpassed the $1 million mark - barely 18 months after its inception.
The Angel Fund was created in spring 2009 when Robert W. Fiondella '64 - a retired CEO and chair of The Phoenix, a wealth management products and services provider - made a leadership gift. The Angel Fund topped $1 million in contributions when a donation of $30 by Michael W. Berluti '07 was recorded.
Through early January, 4,069 donors had made contributions to the fund since its launch impacting more than 320 students.
"I am amazed at the generosity of those individuals who have offered to help students complete their education," said Sandra J. Oliveira, executive director of financial aid.
She emphasized that the need for families to meet their financial obligations remains high and appealed for additional support for the Angel Fund, which has a current fiscal-year goal of $700,000. The economy continues to sputter, and meeting basic living expenses remains a hardship for many families with students at the College, she said.
Fiondella was honored for helping jumpstart the Angel Fund on Tuesday, December 21, during the men's basketball game between PC and Sacred Heart University at the Dunkin' Donuts Center in Providence.
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To ensure that deserving students can continue this opportunity of a lifetime, please make a gift to the Angel Fund today by visiting www.givetopc.org.