WHY FRIENDS OF FAMILIES FOUNDATION WAS FORMED

The Friends of Families with Children in Crisis Foundation, originally founded in 1998 as The Friends of CEDU Foundation, is a non-profit corporation recognized as a Section 501(c)(3) charitable organization by the Internal Revenue Service.  Established as a separate, independent self-governing organization, the Foundation is managed and directed by volunteer trustees who are alumni parents.  


While they and their childen were participating in a therapeutic program, they witnessed the pain and frustration felt when families are compelled to withdraw their child prior to completion.  Recognizing the importance of program completion and understanding the unique and sensitive nature of the situation, The Foundation was formed to eliminate student attrition due to financial need.  The Foundation's purpose is to provide financial assistance to families where a lack of financial resources jeopardizes a student's continued enrollment. 


The Foundation is focused on helping families with both parents/guardians who are committed to participating in their children's education/programs and students who are diligently progressing in those programs.  


The Foundation will allocate a majority of its aid in the form of collateralized loan quarantees for the benefit of families who do not qualify under conventional loan programs.  The Foundation backed loans will be granted with competitive interest rates and will not require any collateral from benefited families.  The typical loan will have a 15 year repayment terms.