Nursing Education Investment Fund
The Foundation for California Community Colleges maintains a $15 million investment fund to support nursing education in the California Community College system.
The $15 million fund will be used to provide grants to colleges and students. This year, grants from the endowment will supplement the five-year, $90 million California Nurse Education Initiative commitment by Governor Arnold Schwarzenegger.
Recently, the Foundation awarded $2 million in grants from the Nursing Education Investment Fund to community colleges that completed the first year of their nursing expansion programs. Colleges can use these funds for program start-up costs, faculty positions, student assistance and mentoring, or other long-term nursing program support. These first awards represent a significant step toward expanding the capacity of nursing education programs in our colleges.
The California Community Colleges graduate 4,500, or roughly 70 percent, of California’s registered nurses each year. The California Employment Development Department (EDD) forecasted that California needs approximately 110,000 new registered nurses (RNs) between 2000 and 2010, as many nurses are retiring and as demand for nursing care is increasing. Currently the state has the capacity to educate only 50 percent of the number of new registered nurses that are needed.