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ERIC Number: ED349063
Record Type: RIE
Publication Date: 1992-Sep
Reference Count: 0
Community and Technical College Foundations: The Results of a Survey of Washington State's Community and Technical College Foundations.
Kirk, Henry P., Ed.
In 1992, all 32 state community and technical colleges in Washington State were contacted to obtain information on the characteristics and activities of the non-profit foundations which have been, or are being, established at each institution. Selected findings include the following: (1) a total of 25 foundations were established between 1963 and 1991; (2) 20 of the colleges had a formal agreement with the foundation that sets forth the terms of their relationship; (3) 14 respondents reported that their foundations were engaged in annual fundraising campaigns (other than capital projects), with goals ranging from $20,000 to $400,000 per year; (4) five colleges had established major capital projects with goals ranging from $200,000 to $2.1 million; (5) 14 foundations solicited funds through personal contact and direct mail, 7 through personal contact only, 6 undertook phone campaigns, and 4 used all 3 methods; (6) 7 foundations maintained planned giving programs; (7) auctions, endowment challenges, a wine tasting festival, and a summer musical were among the most successful fundraising projects; (8) foundations reported that 50% of donations came from individuals, 16% from businesses, and 14% from corporations; (9) 24 foundations maintained student scholarship programs, and 19 held endowment funds; (10) 18 foundations utilized certificates of deposit while 13 invested in securities; (11) 10 foundations reported total assets in excess of $1 million; (12) only five of the colleges with foundations reported having alumni associations; and (13) 23 respondents stated that the college president serves on the foundation board. Detailed results by institution, narrative descriptions of each foundation provided by respondents, and a directory of the 25 foundations are included. (PAA)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Washington Association of Community and Technical Colleges. Presidents Academy.