Hudson Valley Community College, Foundation Receive $1,395,008 in Charitable Support in 2008-09
Contributions funded scholarships, academic programs, endowments
CONTACT: Sarah M. Boggess (518) 629-8071
FOR RELEASE: Immediate, Monday, October 5, 2009
Philanthropic support to Hudson Valley Community College and its charitable foundation totaled $1,395,008 during the 2008-09 academic year, growing 34 percent from the year before. Cash and in-kind donations came from corporations, faculty, staff, alumni and charitable foundations, and benefited a variety of the college's academic programs, including high-cost programs in the allied health and technologies. Donations also funded nearly $151,000 in Hudson Valley Community College Foundation scholarships. The awards, ranging from $75 to full-tuition books and fees, were given to more than 130 students studying everything from Electrical Construction and Maintenance to Early Childhood.
Hudson Valley Community College, and colleges throughout the country, annually report philanthropic support to the Voluntary Support of Education Survey, which is the authoritative national source of information on private giving to colleges and universities nationwide. The RAND Council for Aid to Education, a division of the RAND Corporation, has managed the survey as a public service for more than 50 years.
Corporate gifts totaled $802,532, which was nearly 58 percent of all charitable support to the college; that mirrors giving to community colleges and public institutions nationwide. Albany Medical Center made the largest corporate gift, donating $175,000 to benefit the college's nursing program.
Ellis Hospital, Chrysler Training Center and Joe Arena Software made other significant corporate gifts. Ellis Hospital donated equipment, valued at $150,000 to support the college's Medical Imaging Department; Chrysler Training Center provided training equipment, valued at $134,870, to support the college's Automotive Service Educational Program, and Joe Arena Software donated estimating computer software, valued at $90,000, which will benefit the college's Civil Engineering and Construction Technology Programs.
The Foundation also received support from other charitable foundations, including $125,000 from the Charitable Ventures Foundation of Clifton Park, NY, to benefit the college's Nursing program.
Unrestricted gifts from individuals, including alumni, faculty and staff totaled $73,020, which comprised 45 percent of the college's Annual Fund. The Annual Fund –with $161,408 raised – assists the college in meeting unmet needs and seizing unexpected opportunities.
Gifts totaled $1,039,890 in 2007-08. "We are honored and humbled to have experienced an increase in giving in the midst of such challenging economic conditions," said Sarah M. Boggess, president of the Foundation. "We are so grateful to our donors, and so inspired by their generosity. It is clear that our donors understand that the best way to generate an economic recovery is to prepare students for the jobs of the 21st century."
The Foundation is a not-for-profit charitable corporation formed in 1983 to philanthropically support the college's mission. Gifts from alumni, corporations and friends are used to enhance programs, facilities and scholarship opportunities.
Founded in 1953, Hudson Valley Community College offers more than 70 associate's degree and certificate programs in four schools: Business; Engineering and Industrial Technologies; Health Sciences; and Liberal Arts and Sciences, as well as programs run through the Educational Opportunity Center offering certification programs in workforce and academic preparation. One of 30 community colleges in the State University of New York system, it has an enrollment of more than 12,000 students, and it is known as a leader in distance learning initiatives and worker retraining. Hudson Valley has more than 60,000 alumni.