The West Shore Community College Foundation held its Annual Meeting on September 27, 2007 at the college.
Elected to the board to serve a term of three years were Bruce Lowing and Bonnie Wood.
Elected to a second term of three years were Jack Bulger and Ray Janish of Ludington and elected for a third term, Bruce Gockerman of Manistee.
Marc Lenz of Ludington was re-elected President of the Foundation for fiscal year 2007-2008. Connie Krusniak of Manistee was re-elected Vice President and Deborah Smith-Olson of Baldwin was re-elected Secretary-Treasurer.
During the past year four endowed scholarships and three annual scholarships were established with the Foundation. The new endowed scholarships are the Trebilcock Memorial Scholarship, the Trebilcock Memorial Performing Arts Scholarship, the Kennedy Memorial Scholarship and the Westerville Memorial Scholarship. Donors also added funds to seven established endowed scholarships.
The new annual scholarships will go to a high school senior on the winning Class B and C WSCC Quiz Bowl team and one to a senior on the Class D winning WSCC Quiz Bowl team. The third annual scholarship will go to a senior high school student receiving a blue ribbon at the Annual WSCC Regional High School Juried Art Show.
The Foundation also allocated $26,000 to establish the Margaret Crandall short-term emergency student loan program at the college.
The fiscal year ending June 30, 2006 saw scholarship endowment funds grow by over $211,000 and the Women’s Resource Center Endowment Fund grow by over $71,000. Cultural Arts, Director’s Circle and Corporate Sponsor donations exceeded $64,000. Total donations during the year were $396,616.
Charles T. Dillon, President of West Shore Community College commented “The West Shore Community College Foundation is becoming more visible in the college service area. The success of this year is due in part to spreading the word that our citizens can make a difference in their community by assisting the college, its students, and its programs through the WSCC Foundation.”
Total donations and income for the Foundation through June of the 2006-2007 fiscal year is $244,205. Transfers to the college are $60,930. The transfers are composed of $30,942 for Performing Arts, $21,891 for the Ice Arena and $8,097 for annual scholarships and other transfers to WSCC. Additional scholarship distributions totaled $14,000. The Margaret Crandall Bequest of $26,675 received last fiscal year was also transferred to the college to be used for a loan program for students as approved by the foundation board. The foundation also approved transferring $5,000 for the Women’s Resource Center to be used for emergency assistance for students. Scholarship Endowment and General Endowment assets have increased $118,093 since the beginning of the fiscal year. Total Scholarship and General Endowment funds for the foundation are $831,784 as of June 30, 2007. Total foundation net assets as of June 30, 2007 are $992,758.
The foundation investments continue to show positive results. Foundation investments generated an increase in Income of $24,990 and Realized/Unrealized Gain of $84,454 for a total of $109,444 through June. Performance of the Investment Fund for the current fiscal year is 14.11% through June.
The Foundation received one vehicle in August of 2006 and sold two vehicles during the first half of this fiscal year for a total of $2,050. The one remaining donated vehicle was sold in the third quarter. The total revenue generated from vehicle sales during fiscal year 2006-2007 is $2,250. The Tech Prep Auto Technician Program has been evaluating the condition of the vehicles for us.
We used a different approach to the Annual Fund Campaign in 2006. We sent targeted letters with an update on that particular activity to those who had donated to that activity in the past in place of a general letter to everyone.
The detailed results are as follows:
Ice Arena $8,200
WRC Endowment Fund 2,120
Cultural Arts 6,150
Scholarship & General Endowment Funds 6,000
Library Resources 200
Other Restricted Funds 1,225
Unrestricted 4,505
Total $28,400
The foundation’s Law Enforcement Scholarship Endowment Fund has reached the minimum endowment amount of $10,000 and awarded its first scholarship this year.
The 2006 goal for full-time employees was 35%. We are extremely pleased that 41donors or 42.3% of our full-time employees contributed to the 2006 employee campaign. We also received gifts from seven part-time employees. The total contributions of all 48 employees were $9,673.
The 2007 Employee Campaign for the college was launched in March of 2007 with a letter from President Dillon. We have received gifts and pledges of $7,123 from 29 employees and achieved a 25% participation rate by full time employees through June. The number of pay periods for pledge deductions and the amount of the gift by employees is greater on average than last year.
The 60 members of the Director’s Circle provided $27,410 in donations this year. We have nine new members.
Corporate Sponsors of the Cultural Arts program included 13 sponsors and $19,000 in donations. The foundation received $9,000 of the $19,000 during the 2006-2007 fiscal year ending June 30, 2007.
Additional Cultural Arts donations of $3,532 were received during the 2006-2007 fiscal year.
The foundation launched the Instrument Donation Program in February of 2007 with a press release featuring instrument donations by Jim and Marilyn Pinkerton in the Ludington Daily News and By Lyon in the Manistee News Advocate. We received a Flute, French horn, Flugal horn, Clarinet and two Saxophones during the 2006-2007 fiscal year.
Donations to the foundation’s scholarship endowment funds during fiscal year 2006-2007 totaled $38,700 and include additions to the Onekama Marine, Trebilcock, Gockerman, Wilson, Saylor and Hesslin PC, Ludington Beverage, WSCC Law Enforcement, Westerville, Rasmussen and the WSCC Foundation General Scholarship Funds.
Annual scholarship funds for an additional nursing scholarship were received for the Maclean Nursing Scholarship and the Collegiates and a new annual scholarship was established by the Ruby Creek Conservation and Recreation Club.
Scholarship applications for the three new annual scholarships established by the foundation board were sent to the winning coaches for the Quiz Bowl and the Art Teachers who had students that were awarded either Best of Show or First Place in their art specialty.
The first WSCC Regional High School Art Competition Scholarship of $500 to attend WSCC went to David J. Burns at Manistee High School. David received a Blue Ribbon for his painting.
The first WSCC High School Quiz Bowl Class B/C Champion Senior Team Member to receive the $500 scholarship to attend WSCC went to Kathleen Dillon at Manistee High School. The first WSCC High School Quiz Bowl Class D Runner Up Senior Team Member to receive the $500 scholarship to attend WSCC went to Nathan Wilson at Onekama High School.
The WSCC Women’s Resource Center provided direct assistance to 34 students during the fiscal year. Funds expended as of June 30, 2007 total $5,010. The assistance provided includes: Tuition, scrubs, backpack, CNA program shoes, emergency gas money, additional training books, text books and supplies for classes.
The Dennis McCarthy family selected the WSCC Women’s Resource Center as an organization to provide memorials in memory of Helen D. McCarthy. The 22 donations in memory of Helen McCarthy totaled $1,045.
Annual President’s Club Members 2006-2007
James Mrozinski
Milan S. (Budde) Reed, II
Bruce Gockerman
Richard Wilson
George Saylor
The major activity related to the feasibility study and Major Gifts Campaign has been the external and Internal awareness sessions. The external awareness sessions consist of WSCC Foundation Board members meeting with the community leaders that participated in the feasibility study. The board member provides a copy of the Executive Summary of the feasibility study along with a verbal summary and records the comments of the community leader. We have completed 19 External sessions and have several remaining to be completed. The internal awareness sessions are sessions with college employees by department or office. The 11 Internal awareness sessions have been completed.
