HYNES FAMILY SCHOLARSHIP PLEDGED $600,000 TO ST. LAURENCE HIGH SCHOOL

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HYNES FAMILY SCHOLARSHIP PLEDGED $600,000 TO ST. LAURENCE HIGH SCHOOL

Burbank, IL, June 16, 2017– VAP Founder, Brian Hynes and his mother, Kathy Hynes, pledged $600,000 to create the Hynes Family Scholarship Fund for tuition to students attending St. Laurence High School. St. Laurence is a Catholic college preparatory high school rooted in the Essential Elements of an Edmund Rice Christian Brother Education.  This high-retention high school averages a 600-plus student body population, maintaining reputable accolades in their academic, service and athletic programs.

“Our school admits an average of 150 incoming freshmen every year. Many of these students come from low-income households who have a difficult time meeting the $10,000/year tuition. Scholarship funds like the ones through the Hynes Family Scholarship go a long way for these kids. We feel blessed to receive this support,” said School President, Joseph Martinez.

To date, the Hynes Family Scholarship Fund has funded $150,000 of the scholarships. Co-founder, Kathy Hynes, is St. Laurence’s Vice Principal, and has been at the school since 1987. “These students and the school mean the world to me. It’s a personal honor to be able to help,” said Kathy Hynes.

Headquartered in Chicago, Vendor Assistance Program, LLC (VAP) is a specialty finance company that finances sovereign government receivables, helping vendors manage cash-flow. VAP was founded in 2010 in partnership with the State of Illinois to address the State’s delayed payment cycle. Since the company’s inception, VAP’s principals have purchased over $9 billion of deferred payments.