SALINA – In support of Kansas Wesleyan University and its students the university received a $10,000 donation from Sunflower Bank as part of its commitment to supporting local organizations that strive to better the lives of those in the communities the Bank serves. The donation will be used to fund the C.A.S.H. Program.
The C.A.S.H. program – formerly known as the Kansas Individual Development Account program – is a matched-savings program. The program is designed to help low-income individuals (in this case, college students) by matching the amount of earned income they put into savings with a charitable match, provided that the total amount is then spent on an approved investment (in this case, college costs).
The student may then draw his/her savings to pay for qualifying educational expenses. Those expenses include tuition, fees, room and board, computer equipment, and books. The student would then receive the amount of their own savings that they wish to use, plus a 2:1 matching fund consisting of these donated funds and Interfaith Housing Services (IHS) and federal grant funds.