Travis Schraffenberger, strategic marketing and communications vice president for IFS Financial Services, Inc. (IFS), a subsidiary of Western & Southern Financial Group (Western & Southern), has been named board chairman for the Cincinnati Scholarship Foundation (CSF).
Replacing outgoing chairman William Russell of the Public Employment Retirees, Inc., Schraffenberger has served since 2014 on the board of CSF, an organization that collaborates with dozens of foundations, businesses and individual donors to provide scholarships to college-bound students residing in the Greater Cincinnati area.
“Travis’s contribution to the CSF board so far has been tremendously valuable, and we appreciate him and the history we have with Western & Southern,” said Ned Hertzenberg, president of CSF for the last 35 years. “I am confident he is the right choice to lead the board as our organization grows to help more students receive financial assistance in pursuing their goal of a college education. ”
Schraffenberger joined Western & Southern in 2001, serving in positions with IFS and Western & Southern Life, another Western & Southern subsidiary. He was promoted to his current position with IFS in 2015. He earned a bachelor’s degree in advertising and public relations from Franklin College in Indiana and an MBA from Xavier University. He holds FINRA Series 6, 26 and 63 licenses.
“I am honored to help CSF fulfill its mission of helping students,” said Schraffenberger. “I am particularly eager to share CSF’s story with local businesses, schools and students, especially as it relates to the organization’s local economic impact.”
In April 2018, the University of Cincinnati Economics Center provided an analysis of the economic impact of CSF. It was noted that since its establishment in 1918, CSF has helped tens of thousands of students overcome financial barriers to attending college, as well as influence the labor force and fiscal base of its service area.
About Cincinnati Scholarship Foundation
Celebrating its 100th anniversary this year, the Cincinnati Scholarship Foundation (CSF) was founded in 1918. CSF has awarded more than $47 million to more than 32,000 students across the Greater Cincinnati area since 1964. Currently, CSF has more than 120 scholarship funds and foundations, which are supported by a combination of individual donors and local businesses. Scholarship money from each fund is awarded to a number of students each year based on criteria such as academics and financial need.
About Western & Southern Financial Group
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, and celebrating 130 years this year, Western & Southern Financial Group, Inc. (Western & Southern), a Fortune 500 company, is now the parent company of a group of diversified financial services businesses. Its assets owned ($48.3 billion) and managed ($26.2 billion) total $74.5 billion as of June 30, 2018. Western & Southern is one of the strongest life insurance groups in the world. Its six life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company and National Integrity Life Insurance Company) maintain very strong financial ratings. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;1 IFS Financial Services, Inc.; Peppertree Partners LLC;1 Touchstone Advisors, Inc.;1 Touchstone Securities, Inc.;2 W&S Brokerage Services, Inc.;2 and W&S Financial Group Distributors, Inc. Find more information on the Western & Southern family of companies. Western & Southern is the title sponsor of six major community events every year, including the Western & Southern Open, a premier event in the U.S. Open Series played each August by the world’s top-ranked professional male and female tennis players.
1A registered investment advisor.