IVY TECH FOUNDATION ANNUAL REPORT · IVY TECH FOUNDATION ANNUAL REPORT GRADUATED MAY 2015...
Transcript of IVY TECH FOUNDATION ANNUAL REPORT · IVY TECH FOUNDATION ANNUAL REPORT GRADUATED MAY 2015...
2014-2015
I V Y T E C H F O U N D A T I O N
A N N U A L R E P O R T
G R A D U A T E D M A Y 2 0 1 5I N D I A N A P O L I S
Thanks to YOU, it was another record breaking year of support from our donors. Thanks to YOU, we
witnessed our students grow, awarded a record number of scholarships ($3,405,518), watched our alumni
achieve careers in various industries, and applauded our faculty and staff for being leaders in higher
education.
The relationship we have with donors like you is a true partnership that shares a common goal. Your
support is evidence of your belief in the College’s mission to build communities and invest in our students,
faculty and programs so that together, we can make Indiana a great place to live and work.
We are confident that in the coming year, you will continue to challenge us to fulfill our mission and
inspire us to do even more.
We are humbled by the generous support you show for sharing our vision. You are the cornerstone of our
core values. Without everything you do, we could not do what we do. Thank you for making this another
outstanding year!
John M. MurphyPRESIDENT, IVY TECH FOUNDATION
SR. VICE PRESIDENT, IVY TECH
COMMUNITY COLLEGE
David M. Findlay CHAIRPERSON
IVY TECH FOUNDATION
BOARD OF DIRECTORS
I V Y T E C H F O U N D A T I O N M I S S I O NWe partner with donors to invest in Ivy Tech Community College of Indiana students, faculty, and
programs to build stronger communities and a better Indiana.
I V Y T E C H C O M M U N I T Y C O L L E G E M I S S I O NIvy Tech Community College prepares Indiana residents to learn, live, and work in a diverse and globally
competitive environment by delivering professional, technical, transfer, and lifelong education. Through
its affordable, open-access education and training programs, the College enhances the development of
Indiana’s citizens and communities and strengthens its economy.
V I S I O NChanging Lives
Making Indiana Great
C O R E V A L U E SW E V A L U E , R E S P E C T, A N D P R O M O T E . . .
• Excellence • Integrity
• A student-centered environment • Community engagement
• A faculty/staff-focused environment • Innovation
M E E T T H E I V Y T E C H F O U N D A T I O N B E N E F A C T O R S !Our goal is to partner with donors who embrace our mission to invest in Ivy Tech Community College
students, faculty and programs in order to build stronger communities and a better Indiana.
Our 2015 Benefactors represent every Ivy Tech region within the state of Indiana. They have demonstrated that in all of the communities the College serves, there are generous individuals who are passionate about Ivy Tech’s mission. Without their hard work, dedication
and vision, our work simply would not be possible.
Thanks to our generous donors, the College can provide opportunities for our students, such as scholarships to help with degree completion; financial aid for books; networking opportunities with
community groups; internships; travel within and outside of the U.S. for various programs; and renovate and purchase new buildings for our students and the communities we call home.
It is our pleasure to honor our 2015 Benefactors of the Year. The entire Ivy Tech family applauds each of you for your compassion and vision for a better Indiana.
Your selfless actions are contagious. We are honored to call you our friends.
Thank you for your partnership!
K O S C I U S K O C O U N T Y C O M M U N I T Y F O U N D A T I O N
NORTH CENTRAL
Kosciusko County Community Foundation is a valued community partner. The foundation worked collaboratively with the
Warsaw campus to address the gap between scholarship funds and unmet student financial needs. The result was the creation of the
McDonald Memorial Rapid Response Scholarship Fund.
Ivy Tech values its relationship with the Community Foundation and appreciates its efforts in establishing the McDonald Scholarship.
These funds will allow greater opportunities for our nontraditional students to attain their educational goals.
B P A M E R I C A I N C .NORTHWEST REGION
BP’s commitment to the United States dates back nearly 150 years, as the company led the way in helping to meet the energy needs of America and the world. For the last 10 years BP America Inc. has been a friend of Ivy Tech Community College, donating more than $450,000 for our specialized programs, particularly Process Operations. BP employees have also volunteered their time to serve on advisory boards, teach classes and mentor students.
The partnership between the BP Foundation and Ivy Tech is helping to improve Northwest Indiana by training nearly 500 students in the Process Operations program. This collaboration is recognized as one of the best in East Chicago.
A V I S F O U N D A T I O N I N C .EAST CENTRAL
The Avis Foundation was created by the owners of Avis Industrial Corporation located in Upland, Indiana, to address local needs in the areas of education,
youth development, human services, and health. The Avis Foundation has been tremendous advocates for students throughout their educational journey.
Members of the Avis Foundation team have invested their time, talent and financial support in people and organizations. They have been a major advocate for education, actively
supporting and engaging with colleges and universities like Ivy Tech Community College, Taylor University and Ball State University (just to name a few). At Ivy Tech, they have been
known to serve as guest lecturers, advocates for students in developing their business and leadership skills and counsel to deans and other college leaders. Most recently, their active support for the new Anderson Campus has resulted in a very successful campaign, joining
college leaders in making leadership level “asks” and encouraging others to give.
R I T A J A C K S O NKOKOMO REGION
Rita Jackson was a 10-year employee of the college, first as a faculty member and then as an administrator. She saw firsthand the impact that financial assistance had on the ability of students to achieve their educational goals. She became an Ivy Tech donor and endowed two scholarships, one in memory of her mother and sister – the Louise Jackson and Karen Jackson-Blue Memorial Scholarship Fund – and the most recent honoring her grandparents – the Grace and Oliver Brunson Memorial Scholarship. Rita is an active volunteer serving on the Ivy Tech Miami County scholarship fundraising committee and is an ambassador throughout the Kokomo region.
C L I N T O N C O U N T Y C O M M U N I T Y F O U N D A T I O NLAFAYETTE
Clinton County Community Foundation – particularly board chair Alan Dunn and Foundation president Hilda Bruns – have been instrumental
in successful fundraising for the Ivy Tech-Frankfort campus. Dunn serves on the steering committee that oversees the Frankfort site,
providing strong leadership to bring together residents and local businesses to benefit the county. In addition, the foundation matched
all gifts of $1,000 or greater.
Students in Frankfort, Clinton County and surrounding areas now have more convenient access to the quality education provided by Ivy
Tech. This is part of Frankfort’s overall strategy of promoting economic development and attracting new businesses to the area.
R O N A N D M A R Y B O N A RNORTHEAST REGION
Ron and Mary Bonar have been longtime advocates and faithful friends of Ivy Tech with generous donations of their time and financial support.
Along with pledging a planned gift, the couple’s endowed scholarship, the Ron and Mary Bonar Endowed Scholarship, has benefited many non-traditional, women, and minority students facing financial challenges in their pursuit of an undergraduate degree in Allen County.
F A R M C R E D I T M I D - A M E R I C ACOLUMBUS
Farm Credit Mid-America is a strong supporter of Ivy Tech’s agriculture program,specifically in the Columbus, Richmond, Kokomo, Lafayette, Fort Wayne, Terre Haute
and Muncie regions. For example, Columbus is using funds to purchase precision agriculture equipment to add to their Kubota project. The initial Farm Credit gift has also been a catalyst for another major gift that is coming through the Lafayette campus—establishing endowed ag scholarships
at the seven Ivy Tech campuses that have ag programs.
The company also has provided their employees as guest speakers and presenters to Ivy Tech faculty and students, as well as hiring Ivy Tech graduates and providing internships.
R I C H A R D A N D S H E R R Y K I R S C H N E RRICHMOND
The Kirschners created the Second Chance Education Fund to provide financial assistance to students who don’t graduate from high school in a traditional manner or timeframe. With help from the fund, these individuals are able to pursue certificate training at Ivy Tech and achieve greater workplace skills.
The couple’s vision to increase college enrollment also led to a gift that funds a full-time employee at the Richmond campus to focus solely on recruiting Wayne County residents. The Kirschners’ generous gift and creative thinking allow many students at the Richmond campus to benefit.
M A R I A N N E G L I C K & M I C H A E L W O O D SCENTRAL
Marianne Glick and Michael Woods’ involvement with Ivy Tech is one example of their deep commitment to the
community and to philanthropy in Indianapolis.
Marianne Glick and her family have a long history of support for the Ivy Tech Foundation, which began
with her parents, Eugene and Marilyn Glick.
The couple’s long list of volunteer work in the community includes United Way, Girl Scouts, the Metropolitan Indianapolis Board of
Realtors Foundation and TeenWorks, a program started by Eugene Glick in 1981. TeenWorks provides summer jobs and college readiness
programming for teens, leading to increased self-confidence and a realization that college and career success are possible.
J O H N W I L L I A M “ J A C K ” R A G L EWABASH VALLEY
Jack Ragle leads by example in his volunteer efforts. His willingness to call on donors and friends for support help provide the Wabash Valley with resources that otherwise would be difficult to secure. His many community relationships have led to immeasurable contributions to the college.
In particular, Jack is a tireless supporter of the Wabash Valley Region’s campaign for animal welfare and education. He provides guidance, encourages friends to contribute and has led efforts to guarantee that the partnership between Ivy Tech and the Terre Haute Humane Society reaches its full potential. His philanthropic spirit and leadership have touched countless lives in our community.
I U C R E D I T U N I O NBLOOMINGTON
The IU Credit Union is passionate about the communities it serves, particularly in the area of education. For nearly 30 years this
member-owned institution has served as a leader in responding both generously and immediately to the capital, sponsorship and
scholarship needs of the Ivy Tech-Bloomington campus.
IUCU’s unwavering support has not only enriched the college and the communities it serves, but
also helped generations of students pursue their dreams of a post-secondary education.
C L A R K M E M O R I A L H O S P I T A LSOUTHERN INDIANA
Clark Memorial Hospital has been a champion for Ivy Tech Community College for the last 23 years. The hospital has an endowed fund at the local community foundation to support Ivy Tech scholarships, and it has been instrumental in creating partnerships and forging relationships with other healthcare institutions.
Martin Padgett, CEO and President of Clark Memorial Hospital, works closely with Ivy Tech to ensure that health science students have access to the most advanced technology and up-to-date curriculum so they acquire the critical skills and competencies they need to be successful in today’s healthcare environment.
H O L LY D ’ A M O U RSOUTHWEST
As an enthusiastic supporter and former regional trustee and Foundation board member, Holly D’Amour has worked diligently to raise community awareness of Ivy Tech, to educate and engage
prospective donors, and to advise the College and the Foundation.
Among her other volunteer roles at Ivy Tech, Holly co-chaired the regional Changing Lives Major Gifts campaign and was committed
to ensuring its success. Thanks to her leadership, the campaign surpassed its goal of $4.5 million by more than $2 million.
Holly’s generosity and personal philanthropy have provided countless benefits to students, faculty and staff.
B A T E S V I L L E C O M M U N I T Y S C H O O L C O R P O R A T I O NSOUTHEAST
Dr. Jim Roberts and the Batesville Board of School Trustees have been instrumental in the successful development of educational opportunities at Batesville High School. Two of these are the dual enrollment and dual credit partnerships with Ivy Tech.
This partnership spans more than 30 years, beginning with just a few courses at Batesville High School. Today the partnership continues and is stronger than ever. There are 14 dual credit courses offered at the high school at no cost to students. Some 160 students are currently taking dual enrollment classes at the Batesville Ivy Tech campus, earning over 900 transferable college credit hours.
Batesville Community School Corporation continues to be a leader in preparing students for successful futures by linking them to innovative educational opportunities beyond their high school careers.
F I N A N C I A L O V E R V I E W FOR THE FISCAL YEAR ENDED JUNE 30, 2014
F I N A N C I A L O V E R V I E W FOR THE FISCAL YEAR ENDED JUNE 30, 2014
Expendable Revenue
Expendable Contributions
Investment Income
Real Estate Income
In-Kind contributed operational services
Vending and Royalties
Special Events (net of expenses)
Miscellaneous
Total Expendable Revenue
Contributions to Endowed Accounts
Total Revenue, Gains, and Support
Total Charitable Contributions
Expenses
Financial Aid to Students
Equipment & Technology
Faculty & Employee Training & Recognition
Grant-funded Initiatives
Community Outreach & Promotion
Special Assistance to Ivy Tech Community College
Real Estate Donated to Ivy Tech Community College
Real Estate Expenses
Charitable Annuity Obligations
Administrative Costs
Fundraising Costs
Total Expenses
Excess of Revenues over Expenses
$ 14,433,236
1,203,183
3,342,190
3,191,521
892,647
438,718
(28,399)
$ 23,473,096
4,408,047
$ 27,881,143
$ 18,841,283
$3,405,518
4,651,303
299,300
2,588,773
1,375,019
303,927
2,784,261
6,106,675
9,462
1,410,903
2,872,972
$ 25,808,113
$ 2,073,030
54,598,427
73,190,646
23,510,509
17,528,409
7,526,187
$ 176,354,178
$ 75,350,475
$ 30,958,791
3.5%
25.6%
23.1%
15.2%
32.6%
7.0%
21.7%
23.6%
3.1%
17.3%
13.1%
14.1%
Assets and Fund Balances
Cash and Investments (at fair market value)
Property & Equipment
Loan Receivable
Pledge Receivables
Prepaid Expenses and Other Assets
Total Assets
Expendable Fund Balance
Non-Expendable Fund Balance
Sources of Contributions
Employees
Planned and deferred gifts
Individuals
Foundations and organizations
Corporations
Uses of Contributions
Outreach
Administration and fundraising
Instructional equipment and technology
Other College Services
Financial aid
Grant-funded programs
Real estate donated to the College
E X E C U T I V E C O M M I T T E E CHAIR DAVID M. FINDLAY Lake City Bank Warsaw FIRST VICE CHAIR KEVIN M. AHAUS Ahaus Tool & Engineering Richmond SECRETARY
MICHAEL M. HARMLESS Crowe Horwath LLC Indianapolis PHILIP B. ROBY Retired The National Bank of Indianapolis Indianapolis
PRESIDENT
THOMAS J. SNYDER President, Ivy Tech Community College Anderson PRESIDENT FOUNDATION
JOHN M. MURPHY Ivy Tech Community College Carmel TREASURER
PATRICK R. RALSTON First Financial Bank, N.A. Terre Haute TERRY W. ANKER The Anker Consulting Group Carmel
RONALD K. FAUQUHER Ontario Systems, LLC Muncie RICHARD L. VONDERHAAR David A. Noyes & Co. Indianapolis
D I R E C T O R S
D I R E C T O R SJAMES AULT Retired General Motors Anderson
TOM AUSTERMAN Commerce Bank Evansville
KEN BAKER Wabash Valley
PHIL BANE Bane Welker Equipment Crawfordsville
TERRY L. BOWEN The Bowen Foundation, Inc. Indianapolis
JESSE R. BRAND Brands Inc. Columbus
CATHRYN H. BRODERICK Community Volunteer Indianapolis
JOHN R. BROOKS Brooks Construction Company, Inc. Fort Wayne
DONALD E. BROWN II San Diego Chargers
W. QUINN BUCKNER Pacers Sports & Entertainment Indianapolis
LORENE M. BURKHART Burkhart Network LLC Indianapolis
MAJOR GENERAL GEORGE A. BUSKIRK, JR. Financial Advisor Indianapolis
STEVE M. CHAMPLIN Entreprenuer Carmel
LEX CURRY Wells Fargo Insurance Services Indianapolis
STEPHEN DAILY Retired Ivy Tech Community College Russiaville
CONNIE FERGUSON CS Property Mgmt.Bloomington
CHARLES J. GARCIA Garcia Construction Group, Inc. Indianapolis
LARRY GARATONI HQ Investments Warsaw
PATRICK GLOTZBACH New Washington State Bank New Washington
WILLIAM R. GOINS Retired Visteon Rushville
DAVID R. GOODMAN, JR. Madison Chemical Company, Inc. Madison
JAMES GOTHARD Paradigm Consulting, Inc. Lafayette
WILLIAM R. GUTZWILLER Bruns-Gutzwiller, Inc. Batesville
MARK F. HAGERMAN Hagerman Construction, Inc. Fort Wayne
BRYANT R. HANSON Retired Floyd Memorial Hospital Floyds Knobs
GREGORY HARBISON Parke County Learning Center, Inc. Rockville
JAMES HELMS Retired Ivy Tech Community College West Harrison
CATHERINE POPP HOFFMAN Attorney at Law Indianapolis
ALBERT G. HUNTINGTON Former Mayor Madison
J. MICHAEL JARVIS Jarivs Enterprises, Inc. Franklin
MICHAEL O. LUNSFORD Coldwell Banker Muncie
MARK T. MAASSEL Northwest Indiana Forum, Inc. Portage
LEE J. MARCHANT LJM Enterprises, Inc. Bloomington
JAMES C. MARCUCCILLI Star Financial Bank Fort Wayne
JAMES A. MERTEN City Securities Corporation Indianapolis
ANTHONY J. MORAVEC Blairex Laboratories, Inc. Columbus
DAVID MURRAY National Center for College Costs Greencastle
JAMES ORBIK Nautic Global Group Syracuse
ISABELA OZDEMIR Interior Design Consulting Indianapolis
PAUL PERKINS Amatrol, Inc. Jeffersonville
LU B. PORTER Evansville African American Musuem Evansville
MAMON POWERS III Powers & Sons Construction Co., Inc. Gary
GREG RANGER TriMedx Foundation Indianapolis
GERALD A. RICHARDSON Retired The Anson Group Carmel
WILLIAM F. RITZMANN United Community Bank Lawrenceburg
STEVEN R. SCHRECKENGAST Citation Homes, Inc. Lafayette
A. H. SCHUMAKER II Coca-Cola Bottling Company Columbus
STEPHEN R. STEIN, M.D. Argresta, Storms, & O’Leary Batesville
GREGG A. THARP PH.D Eli Lilly and Company Carmel
THOMAS TRAURING BUTTON McGarvey, Trauring, Wilson & Oaks Kokomo
DARRELL (GENE) E. ZINK Zink Family Foundation Inc. Indianapolis
ANNUAL REPORT 2014-15