Individuals and organizations contributed $571,178 to the Genesee Community College Foundation during the 2001-2002 year, Director of Development and External Affairs Richard Ensman reported to the Board of Trustees this evening.
Last year's contributions include $253,205 in contributions to the Foundation's annual campaign, which funds student scholarships and other College initiatives. This year, the Foundation has set an ambitious $284,975 campaign goal said Campaign Coordinator Alice P. Weather. The Foundation is already well on its way toward meeting that goal, she said.
Last year's contributions helped the College fund 591 scholarship awards. Contributions also helped create a special endowment fund that provides income for scholarships for students facing financial difficulties. This endowment fund - The Challenge Fund - is receiving two dollars from the U. S. Department of Education for every dollar raised in the community, up to $35,000 a year, for five years. The Foundation has met its $35,000 goal for the first three years of the project, receiving an additional $70,000 a year in matching funds. After the final two years of the project are complete, the Foundation will have an endowment fund of at least $525,000 specifically earmarked for students facing financial needs. Donors last year also contributed funds toward other Foundation endowments last year as well, Mr. Ensman said.
The 2002-2003 campaign is underway, Ms. Weather reported. Charles Cook, President of Liberty Pumps in Bergen, is serving as General Campaign Chair for the second year in a row. The campaign has already raised $44,637.
The 2002-2003 campaign's first activity - the College's faculty and staff campaign - is already complete, according to Ms. Weather. Faculty and staff contributed $23,356, $2,356 over the $21,000 goal that faculty/staff chair M. Richard Dudkowski had set. "Traditionally, our faculty and staff have the opportunity to contribute to the annual campaign before anyone else," Ms. Weather told the Board. "In many ways, they set the pace for the entire community. Our faculty and staff are very, very generous, and they are an inspiration to the entire campaign."
The Genesee Community College Foundation is a not-for-profit organization that provides financial and volunteer support to the College. "The Foundation makes a crucial difference in the lives of students and the future of the College," Ms. Weather said. "We are grateful for the support so many of our supporters have shown us, and we will always work hard to make our supporters proud of our work."