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2008-09
Report to the Community
Financial

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Hudson Valley Community College, Foundation Receive More Than $3.5 Million in Support in 2008-09

New grants and gifts to support Hudson Valley Community College and its charitable foundation totaled more than $2.1 million during the 2008-09 academic year.

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.

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.

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.

Federal Agencies

US Department of Labor awarded Hudson Valley Community College’s Center for Energy Efficiency and Building Science (CEEBS) $1,970,590 to establish a fast-track program for developing a green job workforce. Funds will be used to develop and deploy a pilot system that will provide on-line instructor training, course presentation, simultaneous delivery of specific course models and video conferencing.

Hudson Valley received its first National Endowment for the Humanities award. This grant will provide funds to host the traveling exhibit “Lincoln: The Constitution and the Civil War.” Hudson Valley was the recipient of one of 25 awards throughout the country and was the only SUNY campus to receive this grant. The exhibit and a slate of related speakers and programming will be hosted by the Marvin Library. Funds will be used to host public programs led by Lincoln scholars and community experts and to purchase additional library resources related to the exhibit themes. The Lincoln exhibit will extend the college’s learning environment beyond the classroom. Faculty in several of the college’s departments described their intentions to integrate the exhibit and its programs in course curricula.

State Agencies

The State Education Department awarded $100,000 to support the expansion of merit-based scholarships and the administration of the overall scholarship program. These scholarships offer assistance to students of high academic achievement who are in need of financial assistance.

Corporate Gifts

Albany Medical Center made the largest corporate gift, donating $175,000 to benefit the college’s nursing program. In May of 2008, James Barba, President and CEO of Albany Medical Center announced Albany Med’s contribution of $175,000 per year for at least ten year to expand 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 The Charitable Venture Foundation of Clifton Park, NY, to benefit the college’s Nursing program.

The Capital Cares Foundation’s gift of $20,000 to support two new funds. The Allied Health Endowment Fund was created to provide annual monies in support of programs and projects that enhance and expand the allied health programs at the college. The Allied Health Scholarship Fund provides financial support to students within the allied health programs.

The McCarthy Charities, Standish Family Foundation, Stewart’s Holiday Match and WGY Christmas Wish collectively donated $11,330 to support tuition assistance for the college’s Summer Youth Programs. These programs serve local school-aged children (ages 6 through high school)through a wide range of educational,athletic and cultural enrichment experiences that build important academic and life skills. Tuition assistance is provided to children who are from families challenged by socioeconomic conditions.

The Equinox Fund awarded $10,000 to the Nursing program to purchase simulation manikins. These state-of-the-art manikins simulate real-life functions and will replace the current non-interactive manikins. The new manikins will be equipped to simulate ECG, heart sounds, breath sounds, bowel sounds, blood pressure and pulses. This simulation will help nursing students respond to real life situations, which will help bridge the gap between education and practice.

National Grid awarded the college $8,694 to purchase equipment for its Overhead Electric Line Worker certificate program. This course trains linemen to work at national grid and other companies. Funds were used to purchase climbing gear, such as vests, belts, spikes for boots and other safety equipment.

The Cohoes Savings Foundation donated $5,000 to support the Second Chance Scholarship Program. This program provides scholarship assistance for individuals who demonstrate financial need and a strong desire to succeed academically. Many students who receive Second Chance Scholarships have overcome extreme personal and financial hardships to attend college. Since 1989, the Hudson Valley Community College Foundation —with the support of the Second Chance Scholarship Foundation — has awarded more than 440 Second Chance Scholarships totaling more than$1,000,000 of grant funds.

M&T Charitable Foundation contributed $3,000 to support the College in the High School, which allows high school students to take college level courses and earn college credits during their regular school day. This gif twill fund scholarships for students who take College in the High School courses.The primary goal of offering scholarships is to attract children from families who have not traditionally attended college to have an opportunity to experience college-level coursework and be challenged academically.