News Column

HSF Luncheon Raises Funds for Hispanic Students

April 25, 2013

Staff Reports -- HispanicBusiness


The Hispanic Scholarship Fund (HSF) this week honored Southern California students pursuing higher education. HSF has awarded more than $400 million in scholarships to more than 57,000 Hispanic students and more than $60 million going to 10,000 students in Southern California.

Money was raised during HSF's third annual Leaders in Education Awards (LEA) luncheon with celebritiy guests, including Nicholas Gonzalez ("Off The Map," ABC) and Yvette Yates ("After Dark Action").

HSF raised $180,000 via its innovative texting campaign in which attendees were asked to pledge their donations to HSF in real time, proving technology is key for all organozations and businesses. Texts were shown on large screens at the event, making it a very successful fundraising event.

According to HSF CEO Fidel Vargas, Hispanics will make up 80 percent of the 47 million new workers set to enter the labor force between now and 2050.

"Their share of the overall workforce will double to 30 percent by 2050 from 15 percent in 2010," Vargas said, quoting the U.S. Bureau of Labor Statistics, adding that the Census estimates that more than 97 percent of those 37.6 million new Hispanic workers will be U.S. born.

"Republicans and Democrats can agree on immigration reform or not. It will have zero impact on the new reality: Hispanics will be 30 percent of the workforce and our country's economic prosperity will be tied to how well this segment of the population has been educated and trained," he shared during the LEA luncheon.

Hispanics are driving the rise in the number of Americans attending college, according to a news release. However, the percentage of Hispanics with college degrees has only slightly increased from 9 percent in 1975 to 13 percent in 2010, while increasing from 11 percent to 18 percent for blacks and from 24 percent to 35 percent for whites.

Hispanics comprised 16.5 percent of college students and contributed to the increase in U.S. college enrollment to 12.6 million students, up 3 percent from 2010.

To find out more information about HSF's scholarships, click here.

Source: (c) 2013. All rights reserved.

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