The 30-plus trustees assemble once a year to receive reports on the financial progress of the CSCC Foundation and to conduct official business. This year’s agenda included some policy changes and vision setting; however, the meeting was overwhelmed by positive news that has come from the work done in 2012.
“The Foundation is now in a position to help shape higher education and workforce development like never before,” said J. Adam Lowe, executive director of the CSCC Foundation.
Having recently accepted the position of director earlier in 2012, this was Lowe’s first presentation to the trustees. “Our goal is to build on the tradition of creating access to higher education, encouraging completion, and catalyzing innovation,” said Lowe to the group.
Board members also heard from committee chairs regarding areas of endowment growth and financial health.
“Again, the foundation has received a clean audit,” said Steve Robinson, vice president of the board. “In addition, year over year, we have seen our endowment grow almost $1 million from giving and investment strategy. This is what helps us expand our scholarships’ reach to more students at the college,” he shared.
The Cleveland State Community College Foundation endowment was founded more than 30 years ago and has grown to roughly $7 million in assets. The funds generate interest and dividends annually that are used to fund scholarships for incoming and returning students, as well as high school students who are dual enrolled.
Development committee chair Ron Braam informed the group that several milestone gifts had recently been secured which will soon expand the reach of the foundation.
“Cleveland State Community College has been active in addressing the growing demands of our local workforce,” said Lowe regarding the gifts.
“In the coming weeks, we will have some exciting gift announcements that are going to assist even more exciting developments at the college. Our supporters, both new and faithful, have really stepped up to be an impact on our community,” he added.
The Cleveland State Community College Foundation supplies scholarships and campus assistance to Cleveland State Community College. In fall 2012, the foundation provided a total of roughly $300,000 in financial assistance to more than 350 students.
Any questions concerning scholarships or giving to the foundation can be directed to the Foundation office by calling 423-478-6206, by visiting the Facebook page at www.facebook.com/csccalumni, or by visiting www.clevelandstatecc.edu.