SEFCU Donation to Veteran Scholarships Honored on National Philanthropy Day

Albany, New York- Excelsior College is honored to announce a $25,000 donation by SEFCU to fund veteran scholarships. The generous donation will fund up to 25 scholarships for veteran students in New York State attending Excelsior College with financial need.

On this National Philanthropy Day, Excelsior recognizes SEFCU’s philanthropy to Excelsior and the entire community. This is a day to celebrate the impact that philanthropy has on organizations and society, and SEFCU plays a key role in giving in the Capital District.

Fifteen percent of Excelsior’s students are veterans. Named a “Best for Vets” school 11 times, Excelsior College has made it a priority to ensure that all veterans, as well as servicemembers, have access to the resources and education they need. With SEFCU’s donation, Excelsior will award annual scholarships to veteran students from New York State to help remove the burden of tuition cost, enabling students to focus on their academic pursuits.

“Excelsior is committed to serving veteran students and providing them with the resources needed for academic success,” said David Schejbal, president of Excelsior College. “With SEFCU’s generous contribution, we will be able to offer much needed financial support to help our veteran students pursue their college degree.”

Supporting military veterans is a core focus of SEFCU’s philanthropy. The credit union supports programs that assist veterans with basic needs such as food security, clothing, adequate housing, healthcare, and supportive mental healthcare. In addition, SEFCU supports programs that assists veterans with higher education, career training, and small business development.

“While we can never truly repay our veterans for their selflessness, service, and sacrifice, it is an absolute honor to help these American heroes pursue their educational goals and prepare for the future,” said SEFCU President and CEO Michael Castellana. “At SEFCU, we are humbled and honored to offer financial support to veterans studying at Excelsior. We believe every day should be Veterans Day, and through their support and commitment to our vets, at Excelsior College, we know it is.”

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Media Contact Excelsior College:

Erin Coufal,, 518-608-8498


Excelsior College is an accredited, not-for-profit online college focused on helping adults complete their degrees and advance their careers. The college contributes to the development of a diverse, educated, and career-ready society by valuing lifelong learning with an emphasis on serving individuals historically underrepresented in higher education. Founded in 1971, Excelsior meets students where they are — academically and geographically — removing obstacles to the educational goals of adults pursuing continuing education and degree completion. Our pillars include innovation, flexibility, academic excellence, and integrity.