Tri-County Technical College Foundation Dear Friends and Colleagues, This past fiscal year was a challenging one for colleges across our nation, including TriCounty Technical College. The coronavirus pandemic made it necessary for us to close our campuses during the spring semester; however, we quickly transitioned courses online, and our students remained on track to meet their educational goals. In an effort to assist our students and address the unprecedented financial needs caused by the pandemic, the Tri-County Technical College Foundation established the Workforce Completion Fund. This fund is providing much-needed resources to students who are facing financial obstacles while at the same time persisting in their studies. Regardless of the pandemic, you and hundreds of other donors continue to support us in a big way. I am pleased to report that during the 2019-2020 fiscal year, the Tri-County Technical College Foundation received contributions totaling $1,336,524, making this the fourth consecutive year that we have raised more than $1 million. The donations we receive every year are critical to the College’s success and our ability to meet the diverse needs of the tri-county community. Thank you to all of our donors for choosing to invest in Tri-County and our students during this challenging year. As much as I am proud of the contributions we receive each year, I am equally proud of how your gifts and the earnings from endowments have supported College needs. Approximately 400 students received scholarships totaling $449,004 during the 20192020 fiscal year, and many of these students would have lacked the financial resources needed to attend if it were not for your support. In addition, the Foundation provided more than $607,000 to the College for the professional development of employees, the purchase of equipment, and other needs of our academic programs.
A few Foundation highlights for 2019-2020: •
A total of 563 donors gave $1,336,524.
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The Tri-County Technical College Foundation received $92,767 from 212 donors who had never given before.
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The number of employees who gave increased by 37.65% over the previous fiscal year.
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The Foundation expended a total of $1,056,559 to support students and educational programs.
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The Foundation experienced a 3.37% return on its investments, which compared favorably to the balanced index return of 3.81%.
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97% of the donations received during the fiscal year were designated for scholarships, professional development, technology, special projects, and other priority College needs.
Kathy Calvin, former CEO of the United Nations Foundation, once said, “Giving is not just about making a donation. It is about making a difference.” This holds true for the gifts we receive through the Tri-County Technical College Foundation. Your donations are making a difference in the lives of our students and creating positive change in our community. Thank you for all that you are doing to help us transform lives and build strong communities one student at a time. Sincerely,
Grayson A. Kelly Vice President, Institutional Advancement and Business Relations Executive Director of the TCTC Foundation, Inc.
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