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December 2, 2025518 Elevated Announces Arrow Bank Scholarship with an Impactful $10,000 Gift
518 ElevatED (formerly Capital Region Sponsor-A-Scholar) announces today that it has received a transformative $10,000 gift from Arrow Bank. This contribution will establish an educational scholarship for a college-bound Schenectady High School student in the Class of 2028.
Arrow Bank selected 518 ElevatED as part of its initiative to support ten Capital Region nonprofits that deliver essential afterschool programming and youth mentorship. Arrow Financial’s President and CEO David DeMarco and Vice President and Community Engagement Manager Kate Otis presented the gift during 518 ElevatED’s weekly program session at Schenectady High School on Monday.
Since its founding in 1997, 518 ElevatED has supported more than 500 Capital Region student alumni through comprehensive pre-college and pre-employment programming. The nonprofit provides students with college campus visits, career-readiness workshops, and opportunities. Each participant is paired with an adult mentor for individualized guidance throughout high school, and eligible students may receive scholarships to pursue post-secondary education.
The scholarship made possible by Arrow Bank’s generosity will help ensure long-term support for a Schenectady scholar as they pursue their educational goals. Peter Gabak, Executive Director of 518 ElevatED, said, “518 Elevated raises over half a million dollars each year through mission-driven charitable giving from individuals, private foundations, and corporate supporters like Arrow Bank. This profoundly generous commitment is unique as the banking landscape changes. Arrow Bank is headquartered in Glens Falls, and their geography fuels their commitment to support nonprofits in the Greater Capital Region.”
