Business Professor’s Estate Gifts $825,000 To College Foundation

The Contra Costa College Foundation has received a gift of $825,000 from the estate of retired business professor, Stephen C. Schaefer. The donation will support Contra Costa College students interested in business careers and related campus support activities. It will also fund the Stephen C. Schaefer Scholarship, which will be awarded to business students transferring to a University of California or California State University campus in order to complete a bachelor degree.

Schaefer retired from Contra Costa College in 2004 after a long career leading the Business and Real Estate Department, where he changed the lives of many students. He had been active with the college’s foundation as a founding member of the Martin Padilla Legacy Society, the organization’s planned giving program.

“My Uncle was always so proud and passionate about Contra Costa College and the students he taught,” said his niece, Christina Schaefer. “As teenagers and even as young adults, my brother and I always had CCC gear and on many of our trips to visit him, Uncle Steve included a CCC event as part of our visit. Although he’s no longer with us, I’m so proud to see that his undying devotion to support business students for decades to come survives him through this gift to the Contra Costa College Foundation.”

Schaefer’s estate will also support transfer students across the Contra Costa Community College District’s three colleges via a separate gift to scholarship provider, Kennedy-King Memorial Scholarship Fund, Ltd.

For more information on the Contra Costa College Foundation and ways to support Contra Costa College students, visit or contact Sara Marcellino, Development Officer at 510.215.3805 or