F U N D R A I S I N G

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1 2017 FUNDRAISING and G R A N T S R E P O R T

2 2017 FUNDRAISING AND GRANTS REPORT TBR COLLEGES RECEIVED ALMOST $69 MILLION IN FUNDRAISING AND GRANTS IN FISCAL YEAR 2017 Each fall, the Tennessee Board of Regents community colleges complete the Voluntary Support for Education (VSE) report to the Council for Aid to Education. The report describes fundraising results for the previous fiscal year from individuals, corporations, foundations, and alumni for operations and capital projects. The information below pulls from these reports for the 13 community colleges, the TCAT Foundation, and the TCAT Shelbyville Foundation. The TCAT foundations did not complete the VSE report, but data from their FY 2017 financials are included. FUNDS RAISED IN FY 2017 In FY 2017, community college and technical college foundations raised $12.9 million. In Chart 1 below, Dyersburg State raised the largest amount at $2.6 million, with five colleges raising at least $1 million. CHART 1: FY 2017 FUNDRAISING-TOTAL OVER $12.9 MILLION Dyersburg State Cleveland State Nashville State Pellissippi State Chattanooga State Volunteer State Columbia State Walters State Roane State Northeast State Motlow State Southwest Tennessee Jackson State TCAT Foundation TCAT Shelbyville Foundation $848,588 $766,221 $717,446 $600,231 $586,923 $543,964 $332,476 $221,562 $60,496 $3,129 $1,221,348 $1,355,491 $1,350,846 $1,722,996 $2,620,953 $0 $400,000 $800,000 $1,200,000 $1,600,000 $2,000,000 $2,400,000 $2,800,000 Source: College Volunteer Support for Education Reports and from TBR Business Officers for TCAT information. 2

3 VALUE OF FOUNDATION ENDOWMENTS The FY 2017 value of foundation endowments in the TBR system total over $77.6 million. Individual college endowments vary greatly, from $58,770 at TCAT Shelbyville to Walters State s almost $11.5 million. (See Chart 2 below) CHART 2: FY 2017 ENDOWMENT MARKET VALUE-TOTAL OVER $77.6 MILLION $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 $58,770 TCAT Shelbyville Foundation $464,758 Nashville State $874,053 TCAT Foundation $1,738,035 Jackson State $2,635,732 Chattanooga State $2,957,108 Southwest Tennessee $4,748,413 Volunteer State $5,216,419 Cleveland State $6,307,163 Roane State $6,560,213 Motlow State $7,302,434 Columbia State $7,864,286 Dyersburg State Source: College Volunteer Support for Education Reports and from TBR Business Officers for TCAT information. $9,485,548 Pellissippi State $9,937,448 Northeast State $11,482,384 Walters State WHO INVESTS IN OUR COLLEGES AND STUDENTS? Community colleges receive most of their donations from non-alumni individuals, corporations, foundations and other organizations. Below is a breakdown of the percent of donations in FY 2017 from types of donor groups. CHART 3: COMMUNITY COLLEGE DONATIONS BY DONOR GROUP FY 17 CHART 4: LARGEST GIFTS TO TCAT FOUNDATION IN FY 2017 Donor Group Fundraising Consortia and Other Groups Individuals (not alumni or parents) Percentage of Total 36.2% 29.4% Donor Gene Haas Foundation Amount $15,000 College TCAT Covington Corporations 22.4% Foundations Alumni 10.6% 1.3% Hayden Family and Novartis Corporation $10,380 All TCATs (Scholarship) Religious Organizations Parents.1% 0% Foundation for Geriatric Education $8,500 TCAT Nashville Source: College Volunteer Support for Education Reports. Calculations compiled by TBR staff. Source: TCAT Foundation report. 3

4 Continued from page 3 The TCAT Foundation is open to participation by all 27 TCATs, which can have accounts within the foundation. Currently, 23 TCATs participate. In addition, there are three accounts within the foundation for specific scholarships, an account for the Outstanding Student of the Year, an account for Skills USA, and a general account for the TCATs. Several TCATs accept donations of equipment and supplies that are not recorded through the TCAT Foundation, instead donations are made directly to the college. Some TCATs also have annual fundraising events to support the campus that are not processed through the TCAT foundation and not reflected in the TCAT fundraising numbers. TCAT Shelbyville has its own separate foundation. 4

5 GRANTS TO TBR COLLEGES IN FY 2017 This year is the first time TBR staff has collected campus and system grant information to present to the Board of Regents. Although usually earmarked for specific purposes, grants are an important source of external funding and the information is included to present a broader picture of external investment in our colleges and system. In FY 2017, the TBR system and its colleges were awarded almost $56 million in grants. These include grants from the state and federal governments, foundations, other organizations, and TBR grants to campuses that involve state dollars or federal Perkins funds. The community colleges were awarded over $34.7 million in grants during the fiscal year. Eight of the 13 community colleges were each awarded over $2 million in grants. The state was the largest funder of grants awarded to our institutions, followed by the federal government. CHART 5: GRANTS BY FUNDER AWARDED IN FY 2017 CHART 6: GRANTS BY FUNDER AWARDED IN FY 2017 Funder Community College Amount Percentage of Total Funder TCAT Amount Percentage of Total State $13,383,616 39% State $14,198,922 67% Federal $10,655,017 31% Federal $2,982,317 14% TBR $7,810,392 22% TBR $2,759,893 13% Other $2,193,096 6% Foundations $1,077,120 5% Foundations $676,486 2% Other $215,000 1% Source: Grant information provided by campus business officers. CHART 7: COMMUNITY COLLEGE GRANTS FY 2017-OVER $34.7 MILLION $6,000,000 $5,419,266 $5,000,000 $4,364,889 $4,000,000 $3,696,237 $3,255,937 $3,000,000 $2,249,804 $2,588,782 $2,238,317 $2,000,000 $1,462,138 $1,600,947 $1,041,065 $1,000,000 $510,908 $608,417 $0 Jackson Nashville Cleveland Northeast Pellissippi Roane Columbia Volunteer Chattanooga Source: Grant information provided by campus business officers. Southwest Walters Dyersburg $5,681,900 Motlow 5

6 Continued from page 5 In FY 2017, TCATs won almost $21.2 million in grants. Six TCATs were awarded over $1 million in grants during FY 17 (Athens, Hartsville, Hohenwald, Pulaski, Knoxville, and Memphis). This information is reported from the TCAT business officers. Below is the chart that shows the per campus awards. CHART 8: TCAT GRANTS AWARDED IN FY 2017 COLLEGE AMOUNT AWARDED TCAT Elizabethton $0 TCAT Shelbyville $5,878 TCAT Jackson $50,000 TCAT Livingston $50,000 TCAT Covington $53,000 TCAT Chattanooga $65,000 TCAT Paris $80,561 TCAT Crossville $82,000 TCAT Oneida/Huntsville $83,000 TCAT McMinnville $102,959 TCAT McKenzie $158,116 TCAT Newbern $198,000 TCAT Whiteville $289,750 TCAT Ripley $303,000 TCAT Harriman $314,000 TCAT Crump $315,076 TCAT Nashville $645,998 TCAT Morristown $787,729 TCAT Dickson $823,000 TCAT Jacksboro $893,500 TCAT Murfreesboro $955,000 TCAT Hartsville $1,013,009 TCAT Hohenwald $1,072,000 TCAT Athens $1,486,800 TCAT Pulaski $3,226,350 TCAT Knoxville $3,295,451 TCAT Memphis $4,899,074 Source: Grant information provided by campus business officers. 6