College Summit gets $125,000 of Obama’s Nobel Peace Prize

St. Louis Business Journal
Date: Friday, March 12, 2010, 4:34pm CST

College Summit, which has operations in St. Louis, said Friday it has been awarded $125,000 of President Barack Obama’s $1.4 million Nobel Peace Prize award.
The Washington, D.C.-based nonprofit is one of 10 organizations to share in the president’s prize money.

College Summit-St. Louis, led by Executive Director Stacy Clay and Chairman Brian Hayden, said it would use its $10,000 portion to support its efforts to help more students from under-resourced communities graduate from college, including in St. Louis.

The St. Louis branch partners with 14 high schools and three school districts in the greater Metropolitan St. Louis area and expects to reach 1,500 students in 2010-11.
“In our five year partnership with College Summit , St. Louis Public Schools has not only sent more students to college but has also experienced a district-wide shift toward a college-going culture,” St. Louis school Superintendent Dr. Kelvin Adams said in a statement. “We have a long way to go but the support provided by programs like College Summit has been instrumental in changing our culture.”