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Rivermark Community Credit Union Awards TiE Oregon $15,000 to Empower Next Generation of Local Entrepreneurs

For Immediate Release:
Contact: David Noble, Vice President of Marketing
P: 503.626.6600
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Rivermark Community FundBEAVERTON, OR – Rivermark Community Credit Union today announced that TiE Oregon is the first-ever recipient of the newly-established Rivermark Community Fund of the Oregon Community Foundation. TiE Oregon will receive a total of $15,000 from the credit union and the fund in support of its mission to inspire, challenge and equip the next generation of entrepreneurs. The funds will be used specifically to expand the TiE Young Entrepreneurs (TYE) program, which targets promising entrepreneurs in local high schools.

According to Scott Burgess, president and CEO of Rivermark, TiE Oregon embodies the vision of the Rivermark Community Fund to empower business-focused nonprofits in their mission to encourage innovative ideas, mentor emerging entrepreneurs, and help local small businesses grow.

TiE Oregon“The Rivermark Community Fund was created to build bridges of opportunity between promising entrepreneurs, small businesses and the resources needed for their success,” said Burgess. “With its focus on mentorship and equipping students to become future entrepreneurs and business owners, TiE Oregon is the perfect organization to become the fund’s first recipient in support of its good work.”

Now in its third year, the TiE Young Entrepreneurs program is open to all high school students in the Portland Metro area, with a satellite program at Benson Polytechnic High School in Portland’s Eastside. Seasoned innovators and entrepreneurs mentor high school students from diverse ethnic and socio-economic backgrounds based upon a business-focused curriculum that combines hands-on experience, creative collaboration and practical instruction. The program runs annually from November through May and concludes with a competition in which students present business ideas and plans they’ve developed over the course of the year.

TiE Oregon

The past two competition winners are currently in the funding phases of their business plans. One high school winner created an agricultural drone to help farmers identify and spot-treat crops in need of attention. A second winner developed an early detection medical device for heart disease and other health conditions.

“With the help of the Rivermark Community Fund, TiE Oregon is impacting our region’s future in terms of building a more vibrant community where entrepreneurship is strongly encouraged and new businesses can thrive,” said Nitin Rai, TiE Oregon founder and president. “Students who come through the TiE Young Entrepreneurs program are being exposed to people and opportunities that will contribute to their success and our community’s prosperity for many years to come.”

The Rivermark Community Fund was formally established in February 2016 as part of the credit union’s commitment to invest significant resources in strengthening the long-term economic vitality of our region. The fund launched with an initial $100,000 endowment from the credit union, with a goal to generate $1 million in assets through organizational donations and staff and member contributions.

 

To learn more about the Rivermark Community Fund, including how make a tax-deductible contribution online, please visit https://www.rivermarkcu.org/foundation.

About Rivermark Community Credit Union
Rivermark Community Credit Union serves over 85,000 members at its seven area branches and online. Headquartered in Beaverton, Oregon, Rivermark has been offering superior financial services with a member focus since 1951. For more information about Rivermark, visit their website at www.rivermarkcu.org.

About the Oregon Community Foundation
The mission of The Oregon Community Foundation is to improve life for all Oregonians through the power of philanthropy. OCF works with individuals, families, businesses and organizations to create charitable funds to support the community causes they care about. Through these funds OCF awarded more than $90 million in grants and scholarships in 2015. For more information about OCF, please visit www.oregoncf.org.

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Top photo from left to right:

• Nick Hodson, Vice President of Finance, Rivermark Community Credit Union
• Scott Burgess, President & CEO, Rivermark Community Credit Union
• Wendy Usher, Philanthropic Advisor, Oregon Community Foundation
• Seth Schaefer, Vice President of Operations, Rivermark Community Credit Union
• Jackie Henderson, Vice President of Human Resources, Rivermark Community Credit Union
• Gayle Gustafson, Vice President of Lending, Rivermark Community Credit Union
• David Noble, Vice President of Marketing, Rivermark Community Credit Union

Middle Photo:

Gabe Sutherland is the CEO of DroneON, which offers complete precision agriculture solutions that enable farmers to quickly and easily identify and solve problems in their fields.

Last Photo:

Aditya Jain (left) and Arnob Das (right) started eMDream, a start-up medical company that has developed a device for the early detection of heart disease.