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Volume 27, Issue 3

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August 6, 2013

COOP Systems Supports Project Discovery

HERNDON, VA – COOP Systems, the developer of the most advanced Business Continuity Management (BCMS) software package in the world, has a special relationship with Project Discovery of Virginia. We have adopted this organization as COOP's primary community outreach. Vicki Alvord, our CFO, serves on the Board of Directors.

 

"Project Discovery makes a tremendous difference in the lives of the 2,500 Virginia students we serve annually. Most of our students are from low income families or the first in their families to go to college" said Vicki Alvord, CFO of COOP Systems. "COOP Systems is proud to be involved with such a great cause. We urge you to visit the Project Discovery website and donate generously. If you are a Virginia resident, your donation qualifies for a Neighborhood Assistance Program Tax Credit."

ABOUT Project Discovery of Virginia Inc. - An Investment that Pays

Project Discovery is a state-wide, post-secondary education access program for economically disadvantaged potential first-generation college students designed to develop the skills, knowledge and desire to stay and thrive in school and ultimately make their college dreams a reality. By offering students encouragement, support, and resources at an early stage, Project Discovery gives students the forward momentum that translates into healthy, engaged and productive citizens who drive economies and enrich communities.

Today's students drive tomorrow's economy. When it comes to underperforming students from underserved populations, the earlier we are able to direct attention and resources, the better the chances those students have of succeeding. For children who are the first in their families to go to college, a college graduation is a crucial milestone for eliminating intergenerational poverty. Having a college education is instrumental in building the basis upon which more people can be considered two generations out of poverty.

  • Over the last 15 years, 8,228 Project Discovery participants have graduated from high school; 86% of them were the first in their families to enroll in post-secondary education.
  • Project Discovery students are 65% female, 35% male.  69% are black; 20% white; 6% Hispanic.
  • Approximately 500 Project Discovery students graduate from high school each year. 
  • In 2011-12, 100% of the 571 seniors enrolled in Project Discovery graduated from high school.
  • Students, whose likelihood of earning a college degree would have been 37%, have a 90% chance of doing so when they participate in Project Discovery.

Without Project Discovery, compared to students state-wide, about ten percent of Project Discovery students would drop out of high school.  The estimated cost savings of raising Virginia's high-school graduation rate by even five percent is over $179 million per year.

 

High school drop-outs are eight times more likely to become incarcerated, each costing Virginia an average $25,498* per inmate, per year. If ten percent (220 students) didn't have Project Discovery and dropped out, it would cost Virginia over $500,000 per year in additional anticipated incarceration costs.

 

High school dropouts are more likely to rely on public assistance, including Medicaid and TANF payments.   Average monthly TANF payment is $376**

 

High school drop-outs represent a loss in taxable income.  The median income for someone without a high school diploma is $21,000. This is 28% percent lower than the median salary for those with a high school diploma or GED ($29,064) and 60% less than those with a bachelor's degree ($53,522).

 

Over ten years, a college graduate will pay an estimated $41,000 more in Virginia state taxes than someone without a high school diploma.  If 276 Project Discovery graduates earn college degrees each year, Project Discovery earns Virginia an additional $1.13 million per year in taxation revenue.

 

*      Virginia Dept of Corrections: State Responsible Offender Population Trends FY 2008-2012; March 2013

**   Virginia Dept of Social Services - SFY 2012 Annual Statistical Report

 

Project Discovery of Virginia Inc.

Jeff North, Executive Director

1200 Electric Avenue

Salem, Virginia 24153

540 389-9900

jnorth@projectdiscovery.org

 

Project Discovery is registered as a 501 (c) 3 and happily accepts corporate matching contributions.  Project Discovery contributions qualify for a Virginia Neighborhood Assistance Tax Credit.  Please consider making Project Discovery your community outreach project and donate generously so that we can continue to serve these very deserving Virginia students.

ABOUT COOP SYSTEMS - - Scalable, Flexible, Reliable, Proven

COOP Systems, headquartered in Herndon, VA, is a leading provider of myCOOP, the BCM solution used by a growing list of clients globally. With a proven reputation for reliability and ability to support clients' existing BCM practices, COOP Systems' clients believe myCOOP is simply the best BCM software in the world.