LSC FOUNDATION:CHANGING LIVES THROUGH EDUCATION LSC-CyFair ALL Presentation – March 29, 2012
WHAT IS THE LATEST LSCS NEWS…• 76,000 credit students and 14,000 in corporate and continuing education• $1.1 billion annually in economic impact• Gates Grant for Completion by Design• Single Parent Scholarships - $1.5 million• Student Success Initiatives including Best Start Set a Goal Make a Plan Get Connected Get Involved
WHAT IS LSC FOUNDATION?• Independent of the system but for the benefit of the students, faculty and programs• Salaries and offices paid for by LSCS• 501c3 Type 1 Organization• Governed by an independent 25-member community board with three system representatives – Chairman of Board of Trustees, Chancellor, and Designated Administrative Officer – VC External Affairs• All funds managed separately from LSCS funds• Aldine Scholarship Foundation relationship
VISION STATEMENTThe Lone Star College Foundation is nationally recognized for its unique and innovative public and private partnerships which generate financial resources to change lives.
VALUE STATEMENTSThe following values describe the Lone Star College Foundation culture and our desire to CREATE opportunity for students, faculty, and our donors:• Creativity. We are dynamic friend and fund raisers. We are innovative investors. We see differentiation as a positive.• Relationships. We value relationships and relationship building. We are committed to building a community amongst our donors, the Lone Star College System, and the 11 independent school districts we serve collectively maximizing the opportunity to change lives.• Excellence. We are committed to the highest standards in fundraising, investing, and communicating with our stakeholders.• Accountability. We act in a way that exemplifies responsible stewardship and builds trust with our stakeholders.• Trust. We act with integrity and do the right thing on behalf of our stakeholders.• Enthusiasm. We are committed to the foundation’s vision and have the energy, passion, and desire to accomplish our stated goals.
The Lone Star College Foundation’s mission is tochange lives through student scholarships and quality educational programs achieved by excellence in relationship building, fundraising, and investment management.
EXTRAORDINARY VOLUNTEER SUPPORTStudents, system, and college employees as well as community members all serve as our volunteers.
WOULD YOU LIKE TO HELP?• Golf – Fall• Gala – Spring Opportunities at Gala• Sales: solicit auction items or tables or sponsors or night of, sell raffle tickets• Creative: help assemble auction baskets• Sweat: help with set up for auction day of or organization of items that evening• Tech Geek: Register guests and check them out after purchases
TYPES OF FUNDS• Endowments – Permanently Restricted• Special Scholarships – Temporarily Restricted• Program Funds – Temporarily Restricted• Unrestricted
ENDOWMENT FUND BALANCES7000000600000050000004000000 Investments3000000 Foundation Fund ASF20000001000000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011
NUMBER OF ENDOWED SCHOLARSHIPS*INCLUDES THE $1 MILLION STEGALL ENDOWMENT WHICH SUPPORTS TWENTY $3,000 SCHOLARSHIPS450400350300250200150100 50 0 2002 2003 2004 2005 2006 2007 2008 2009* 2010 2011 2012
SPECIAL SCHOLARSHIPS• $50,000 from Wiley Foundation• Heritage at TowneLake Scholarships• Memorial or honorary scholarships• Other scholarships
PROGRAM FUNDS• Over $1.42 million in support of academic programs• Can be scholarships but are usually equipment, supplies, faculty development, field trips…• Directed by a campus “Program Manager”• College President signs off on creation of account and all funding
MINI-GRANTS• $20,000 from LSC Foundation + $20,000 from LSCS• Individual projects will range from $500 to $2,500• Applications will be due to your college Primary Contact in early November College/Campus Primary Contact Secondary Contact LSC-CyFair Georges Detiveaux Julie Hutchinson LSC-Kingwood Peggy Whitley Jennifer Martinez LSC-Montgomery Ron Dewlen Mary Rush LSC-North Harris Katie Hurter Dulcie Mohammed LSC-Tomball Victoria Waters Clay McGovern LSC-System Office Darcy Mingoia Alise Bailey LSC-University Park Stephanie Gregg-March Brian Griffin