Contributions in 2003-04 funded scholarships, equipment, services
Hudson Valley Community College, Foundation Enjoy More Than $1 Million in Charitable Support
CONTACT: Janine Kava (518) 629-8071
FOR RELEASE: Immediate, Friday, February 11, 2005
Philanthropic support to Hudson Valley Community College and its charitable foundation totaled more than $1 million during the 2003-04 academic year.
That support – comprised of both cash donations from faculty, staff, alumni, foundations, corporations and friends, and gifts of goods from corporations – was used to enhance the teaching and learning environments at the college.
Highlights include the investment of more than $445,000 to fund scholarships for Hudson Valley students, and a contribution of $25,000 by the Verizon Foundation to upgrade computers for the Business and Technology program at the college's Educational Opportunity Center. In addition, the college received a software package for its Civil Engineering Technology and Construction Technology programs valued at $276,000, and vehicles donated to its Automotive Technology programs valued at more than $150,000.
Hudson Valley and other colleges throughout the country report philanthropic support they receive annually 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 40 years. The college reported philanthropic support totaling $1,002,072 for the 2003-04 academic year, compared to the $320,000 that was reported in 2002-03.
The increase in philanthropic support can be attributed in part to the restructuring of the Hudson Valley Community College Foundation, which included the hiring of new staff and the creation of the position of vice president for institutional advancement. That vice president, Sarah Boggess, also serves as the Foundation's president.
"The Foundation has been in existence since 1983, but the creation of a new vice president's position to oversee those efforts, as well as a comprehensive internal and external college advancement program, elevates the stature and importance of Foundation-related activities," Hudson Valley President Marco J. Silvestri said.
Hudson Valley implemented these changes in recognition of the growing importance of philanthropy in public education – particularly as public support for public higher education continues to dwindle – and in anticipation of its participation in the
SUNY $3 Billion Challenge, an eight-year fundraising campaign for all 64 campuses in the State University of New York system announced earlier this year by Chancellor Robert L. King.
The college is grateful for the tremendous support it has received from the community," Boggess said. "The generosity of individuals, corporations and other foundations enhances the educational experience for Hudson Valley's students in so many ways, from funding scholarships and campus beautification projects to ensuring that faculty and staff have resources they need for innovative projects and programs."
Gifts from corporations – including the software package and vehicles – totaled $678,731 and represented nearly 68 percent of all philanthropic support to the college, which follows the charitable giving pattern to community colleges nationwide.
The project scheduler software, made by Primavera Systems of Pennsylvania, is used by students in the college's Construction Technology and Civil Engineering Technology programs, allowing them to learn on industry-standard software. General Motors and DaimlerChrysler donated the vehicles to the college's Automotive Technology programs.
The Second Chance Scholarship Foundation, established by Angelo and Kathleen Mastrangelo to provide scholarships to students who have overcome tremendous personal obstacles to continue their educations, contributed $72,140, which was the single largest gift made to the Foundation. That donation directly benefited 72 Hudson Valley students, who were recipients of Second Chance Scholarships. All told, the Hudson Valley Community College Foundation provided more than $445,000 in scholarship assistance to students in the 2003-04 academic year.
In 2003-04, the Foundation also benefited from a significant planned gift commitment. Canandaigua resident Mary Karpiak Foster, whose brother, Walter D. Karpiak, is a professor emeritus at the college, established an irrevocable charitable remainder annuity trust naming the Foundation as one of the beneficiaries that will receive a portion of the trust proceeds at the time of her death. The current estimated value of the gift is $75,000.
In honor of Foster's significant irrevocable gift commitment, the college's Board of Trustees named the college's International Language Laboratory after her brother. Two-thirds of her gift will be placed in a temporary, unrestricted fund controlled by the Foundation Board of Directors, which will approve any and all spending from the fund, and will give preference to needs presented by the Language Laboratory. The remaining one-third will be used to establish the Walter D. Karpiak Endowed Fund for Language Studies, which will support innovative programming and professional development needs as identified by language study faculty and their dean.
The Foundation also revitalized its Annual Fund during the 2003-04 academic year, with donations to the fund totaling more than $200,000 – more than double the amount raised during the 2002-03 fiscal year. The Annual Fund is comprised of unrestricted gifts from individuals and corporations, which can be used for the college's greatest needs. The Foundation also established a "Presidents' Circle" to encourage leadership gifts of $1,000 or more to the Annual Fund.
The single largest gift to the Annual Fund was a $20,000 leadership gift from the Allstate Foundation, the philanthropic arm of the Allstate Corporation. In addition, outright gifts and pledges to the Annual Fund from employees totaled more than $20,000. Based on feedback solicited from employee donors, their contributions were used to install a "Gallery of Excellence" honoring award-winning faculty and staff; and will be used to purchase new library equipment and technology; outdoor tables and chairs for the areas behind the Guenther Enrollment Services Center and in front of Higbee Hall; and other campus beautification projects.
The Foundation is a not-for-profit charitable corporation formed in 1983 to philanthropically support the college's mission. Gifts to the Foundation from alumni, corporations and friends are used to enhance programs, facilities and scholarship opportunities at the college.
Founded in 1953, Hudson Valley Community College offers more than 60 degree and certification programs in four academic divisions: Liberal Arts and Sciences; Engineering and Industrial Technologies; Health Sciences; and Business; 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 nearly 60,000 alumni.