University Association Wins Legal Status 23/01/2011
Our Board of Directors met for the first time as a fully legal not-for-profit association in San Salvador on Friday, November 12th! Over the course of the past four years, Board President Roxana Cornejo has been working with other board members to shepherd our Association paperwork through the Salvadoran legal system. Our legalization paperwork was finally accepted in the early months of 2010 and our bylaws published in the Salvadoran "Diario Oficial" on March 25, 2010. From there it was only a few more administrative steps and months until we were granted full legal status and given and National Tax Identification number.
At our first general assembly meeting, the board decided to:
- Design a series of full and part time scholarship offerings for college and/or employment-based certificate programs,
- Allow individuals who wish to sponsor a Salvadoran youth to college to fund their scholarship recipient through the University Association, which will enable them to fund their student through a tax-deductible mechanism and give their sponsored student access to critical first-generation student counseling,
- Continue supporting our current scholarship recipients as they approach their 2012 graduation dates!
