Pinnacol Foundation Scholarship Applications Due March 31

Injured Workers’ Children are Awarded an Average of $3,000


DENVER, Jan. 19, 2010 - The Pinnacol Foundation is accepting scholarship applications now through March 31, 2009, for the 2009-2010 school year. The Foundation provides scholarships for post-high-school education to children whose parents have been killed or seriously disabled in work-related accidents.

“Parent’s disability or death takes a tremendous toll on a child’s life,” said Peter McGuire, Sullivan Sullivan & McGuire, an attorney who represents injured workers and a member of the Pinnacol Foundation selection committee. “Such a tragedy can drain the family’s financial future and limit the child’s options. These kids often put dreams of a college education aside. Through the Pinnacol Foundation scholarship, they have the opportunity to earn a degree and chance at a better future.”

The selection committee strives to provide an award to every student who qualifies. Since its inception in 2000, the Pinnacol Foundation has awarded $844,000 to 161 students for accredited college, trade school and other professional training. Award amounts vary; the average scholarship is approximately $3,000 for one year. Students can reapply each year for up to five years, or until they reach age 25.

To qualify, a student must be the natural child, adopted child, or stepchild of a worker killed or seriously disabled in a compensable work-related accident while employed by a Colorado-based company, regardless of insurance carrier. Scholarships are awarded based on financial need, the severity of the parent’s injury, academic achievement, letter of recommendation, and a personal essay.

Scholarship applications can be obtained by visiting www.pinnacol.com/foundation.

About Pinnacol Foundation
The Pinnacol Foundation was established as a charitable nonprofit entity with $50,000 in seed money from Pinnacol Assurance, Colorado’s choice for workers’ compensation insurance.

Contact:
Suzi Stolte
Associate Vice President of Communications and Public Relations
303.361.4777
suzi.stolte@pinnacol.com