IVY TECH FOUNDATION ANNUAL REPORT 2014-2015 GRADUATED MAY 2015 INDIANAPOLIS
IVY TECH FOUNDATION MISSION We partner with donors to invest in Ivy Tech Community College of Indiana students, faculty, and programs to build stronger communities and a better Indiana. IVY TECH COMMUNITY COLLEGE MISSION Ivy 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. VISION Changing Lives Making Indiana Great 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! CORE VALUES WE VALUE, RESPECT, AND PROMOTE... Excellence Integrity John M. Murphy PRESIDENT, IVY TECH FOUNDATION SR. VICE PRESIDENT, IVY TECH COMMUNITY COLLEGE David M. Findlay CHAIRPERSON IVY TECH FOUNDATION BOARD OF DIRECTORS A student-centered environment A faculty/staff-focused environment Community engagement Innovation
MEET THE IVY TECH FOUNDATION BENEFACTORS! 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. BP AMERICA INC. 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. 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! KOSCIUSKO COUNTY COMMUNITY FOUNDATION 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.
RON AND MARY BONAR RITA JACKSON NORTHEAST REGION KOKOMO 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. 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. CLINTON COUNTY COMMUNITY FOUNDATION AVIS FOUNDATION INC. LAFAYETTE EAST CENTRAL 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. 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.
JOHN WILLIAM JACK RAGLE RICHARD AND SHERRY KIRSCHNER WABASH VALLEY RICHMOND 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. 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. MARIANNE GLICK & MICHAEL WOODS FARM CREDIT MID-AMERICA CENTRAL COLUMBUS Marianne Glick and Michael Woods involvement with Ivy Tech is one example of their deep commitment to the community and to philanthropy in. 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 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. 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.
BATESVILLE COMMUNITY SCHOOL CORPORATION CLARK MEMORIAL HOSPITAL SOUTHEAST SOUTHERN INDIANA 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. 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. HOLLY D AMOUR IU CREDIT UNION SOUTHWEST BLOOMINGTON 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. 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.
FINANCIAL OVERVIEW FOR THE FISCAL YEAR ENDED JUNE 30, 2014 FINANCIAL OVERVIEW FOR THE FISCAL YEAR ENDED JUNE 30, 2014 Expendable Revenue Assets and Fund Balances Expendable Contributions $ 14,433,236 Cash and Investments (at fair market value) 54,598,427 Investment Income 1,203,183 Property & Equipment 73,190,646 Real Estate Income 3,342,190 Loan Receivable 23,510,509 In-Kind contributed operational services 3,191,521 Pledge Receivables 17,528,409 Vending and Royalties 892,647 Prepaid Expenses and Other Assets 7,526,187 Special Events (net of expenses) 438,718 Total Assets $ 176,354,178 Miscellaneous Total Expendable Revenue (28,399) $ 23,473,096 Expendable Fund Balance Non-Expendable Fund Balance $ 75,350,475 $ 30,958,791 Contributions to Endowed Accounts 4,408,047 Sources of Contributions Total Revenue, Gains, and Support $ 27,881,143 Employees 3.5% Total Charitable Contributions $ 18,841,283 Planned and deferred gifts Individuals 25.6% 23.1% Expenses Financial Aid to Students $3,405,518 Foundations and organizations Corporations 15.2% 32.6% 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 4,651,303 299,300 2,588,773 1,375,019 303,927 2,784,261 6,106,675 9,462 1,410,903 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 7.0% 21.7% 23.6% 3.1% 17.3% 13.1% 14.1% Fundraising Costs 2,872,972 Total Expenses $ 25,808,113 Excess of Revenues over Expenses $ 2,073,030
EXECUTIVE COMMITTEE DIRECTORS CHAIR DAVID M. FINDLAY Lake City Bank Warsaw FIRST VICE CHAIR KEVIN M. AHAUS Ahaus Tool & Engineering Richmond PRESIDENT THOMAS J. SNYDER President, Ivy Tech Community College Anderson PRESIDENT FOUNDATION JOHN M. MURPHY Ivy Tech Community College Carmel RONALD K. FAUQUHER Ontario Systems, LLC Muncie RICHARD L. VONDERHAAR David A. Noyes & Co. DAVID R. GOODMAN, JR. Madison Chemical Company, Inc. Madison JAMES GOTHARD Paradigm Consulting, Inc. Lafayette WILLIAM R. GUTZWILLER Bruns-Gutzwiller, Inc. MICHAEL O. LUNSFORD Coldwell Banker Muncie MARK T. MAASSEL Northwest Indiana Forum, Inc. Portage LEE J. MARCHANT LJM Enterprises, Inc. MAMON POWERS III Powers & Sons Construction Co., Inc. Gary GREG RANGER TriMedx Foundation GERALD A. RICHARDSON SECRETARY MICHAEL M. HARMLESS Crowe Horwath LLC PHILIP B. ROBY The National Bank of DIRECTORS TREASURER PATRICK R. RALSTON First Financial Bank, N.A. Terre Haute TERRY W. ANKER The Anker Consulting Group Carmel Batesville MARK F. HAGERMAN Hagerman Construction, Inc. Fort Wayne BRYANT R. HANSON Floyd Memorial Hospital Floyds Knobs GREGORY HARBISON Bloomington JAMES C. MARCUCCILLI Star Financial Bank Fort Wayne JAMES A. MERTEN City Securities Corporation ANTHONY J. MORAVEC Blairex Laboratories, Inc. Columbus The Anson Group Carmel WILLIAM F. RITZMANN United Community Bank Lawrenceburg STEVEN R. SCHRECKENGAST Citation Homes, Inc. Lafayette A. H. SCHUMAKER II JAMES AULT 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. JESSE R. BRAND Brands Inc. Columbus CATHRYN H. BRODERICK Community Volunteer JOHN R. BROOKS Brooks Construction Company, Inc. Fort Wayne DONALD E. BROWN II San Diego Chargers W. QUINN BUCKNER Pacers Sports & Entertainment LORENE M. BURKHART Burkhart Network LLC MAJOR GENERAL GEORGE A. BUSKIRK, JR. Financial Advisor STEVE M. CHAMPLIN Entreprenuer Carmel LEX CURRY Wells Fargo Insurance Services STEPHEN DAILY Ivy Tech Community College Russiaville CONNIE FERGUSON CS Property Mgmt. Bloomington CHARLES J. GARCIA Garcia Construction Group, Inc. LARRY GARATONI HQ Investments Warsaw PATRICK GLOTZBACH New Washington State Bank New Washington WILLIAM R. GOINS Visteon Rushville Parke County Learning Center, Inc. Rockville JAMES HELMS Ivy Tech Community College West Harrison CATHERINE POPP HOFFMAN Attorney at Law ALBERT G. HUNTINGTON Former Mayor Madison J. MICHAEL JARVIS Jarivs Enterprises, Inc. Franklin DAVID MURRAY National Center for College Costs Greencastle JAMES ORBIK Nautic Global Group Syracuse ISABELA OZDEMIR Interior Design Consulting PAUL PERKINS Amatrol, Inc. Jeffersonville LU B. PORTER Evansville African American Musuem Evansville 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.
ANNUAL REPORT 2014-15