Student Investment Club Working with Actual Funds from Hudson Valley Community College Foundation
CONTACT: Deborah Renfrew (518) 629-7180, firstname.lastname@example.org
FOR RELEASE: Immediate, Thursday, Feb. 20, 2014
The Investment Club at Hudson Valley Community College recently began using $10,000 in funds from the college’s Foundation to manage a portfolio. This effort is expected to build on club members’ classroom learning and increase their knowledge of financial decision making and literacy.
The Foundation’s Financial Committee accepted the club’s proposal for the $10,000 investment, presented under the guidance of Investment Club advisor and Professor of History, Philosophy and Social Sciences Joseph Stenard, after reviewing a portfolio performance summary of a sample computerized portfolio that demonstrated members’ proficiency in managing funds.
“To our knowledge, this makes Hudson Valley’s club the first on a community college level in the state to manage actual funds. The Foundation is thrilled to be able to provide the Investment Club a real-world learning opportunity,” said Ray Matzkin Kimmelblatt, executive director of the Foundation.
The Foundation’s investment manager, Hugh Johnson Advisors, will oversee the club’s management of the portfolio under detailed guidelines and a member of that company will serve as a mentor to club members, according to Kimmelblatt. All funds will remain within the Foundation.
Students will concentrate on long-term growth and will use profits to support scholarships and campus projects. As part of the management agreement, the Investment Club will promote student philanthropy on campus and work with Foundation staff to increase the portfolio though fundraising projects.
“This is an exciting, collaborative opportunity between the Foundation and the college. It's these types of partnerships that demonstrate the Foundation's genuine commitment to fostering academic excellence and helping to prepare students for the future,” said Jerilee Beaudoin '92, Treasurer and Finance Committee Chairperson for the Foundation and Director of Commercial Services for SEFCU.
An independent, 501(c) (3) not-for-profit corporation administered by a board of directors composed of community leaders and Foundation staff, the Hudson Valley Community College Foundation exists solely for charitable and educational purposes. It seeks external resources and grants to promote the college's educational programs and services and to enhance its institutional goals and objectives.
Hudson Valley offers more than 50 student clubs and organizations that enrich the learning environment and the student experience.
Founded in 1953, Hudson Valley Community College offers 75 associate degree and certificate programs in four schools: Business; Engineering and Industrial Technologies; Health Sciences; and Liberal Arts and Sciences; and workforce and academic preparation programs offered through the Educational Opportunity Center. One of 30 community colleges in the State University of New York system, it has an enrollment of more than 13,000 students, and is known as a leader in distance learning initiatives and worker retraining. Hudson Valley has more than 75,000 alumni.