The Foundation received £250 from the Society after Yorkshire Building Society staff spent a day on campus offering financial guidance and advice to staff about new and re-mortgages for themselves and their families.
The Gateshead College Foundation was set up to help people who want to study or train at the college.
Simon Greatorex, Branch Manager at the Yorkshire’s Newcastle branch, said: “We’re committed to supporting local causes, and on this occasion are delighted the Society has been able to make a donation to such a worthwhile charity.
“It’s great that the Foundation has been set up to help those who wish to continue their studies and improve their chances.”
Due to the success of the mortgage advice from Yorkshire Building Society staff, similar events will be held atGatesheadCollege’s other sites.
Judith Doyle, deputy principal at Gateshead College , said: “Education has the power to transform lives, and with the difficulties facing people in the current economy there is a real need for them to get the right support.
“We’re really grateful to Yorkshire Building Society for supporting the Foundation. It really will help local people develop the skills they need to get jobs, improve their prospects and ultimately help the local economy.”
The Foundation, an independent charity, was set up by the college to provide resources and support not available through other routes. It helps people in the form of grants, scholarships, loans, equipment, gifts, bursaries and prizes. It also ensures college students experience the very best personal, professional and social development on offer.
The donation came from the Yorkshire Building Society’s Community Investment Fund, established to help and support smaller charities and good causes that can often be overlooked for a donation.