Endowment investment increases $520,000

John Peters, Development Director & Campaign Manager, announced that Madisonville Community College's Fulfilling the Promise campaign has hit the $1.7 million mark in gifts and pledges, including an overall increase in the college's endowment investment by $520,000.

The campaign, which began its planning phase in July 2002, has four major giving priorities; a synopsis of gifts-to-date in each of the four priorities is provided on page four of this update.

Since November, MCC has been involved in solicitation of lead and advanced gift prospects, or those contributors who can provide the largest pledges and gifts over five years. Mark Eastin, current Treasurer of the Madisonville College Foundation, has served as Chair of the Lead Gifts Division, and twelve gifts of at least $50,000 have been received in the last eighteen months.

NEW SCHOLARSHIP OPPORTUNITIES
Engineering Technology faculty member Daniel Nance announced Melissa Lee and Kim Durall are the first recipients of the William Groves Family Scholarship Endowment. The endowment provides tuition support for outstanding students enrolled in the college's engineering technology program, and was established by the members of the Bill Groves, Jeff Groves, Robert Groves, and Brenda Sharber families. Durall will graduate in May 2004, and Lee will graduate in December.

GENTRY ENDOWMENT
Elizabeth Gentry and her husband, Darrel, recently provided a $10,000 gift to establish a scholarship endowment at MCC. The endowment will provide tuition support for an outstanding student from Muhlenberg County with a major in pre-medicine, prepharmacy, or the biological sciences. The Gentrys, both pharmacists from Central City, have provided support for MCC endeavors since 1995.

ENDOWMENT GROWTH IN CRITTENDEN COUNTY
The Crittenden County Endowment for Excellence has obtained four pledges of at least $10,000 during the 2004 Academic Year. The goal for the Crittenden portion of the Fulfilling the Promise Campaign is to establish a total of $400,000 in endowment principle to financially support any eligible Crittenden high school graduate who wants to attend MCC. The endowment was started through an original $15,000 donation by Marion's Town & Country Riding Club. The endowment currently provides tuition support for one Crittenden graduate each year; the 2004 student is Jay Thompson of Marion, who is majoring in Engineering Technology. Bonita Hatfield, Board of Directors Division Chairperson of the Fulfilling the Promise Gifts Campaign, and her husband Jim have themselves established a scholarship endowment, 'The Bonita & Jim Hatfield Scholarship Endowment,' which will support a Crittenden County graduate each year at MCC.

A SPECIAL THANKS
Recogntion goes to Bob Dampier and the Trover Foundation for continuing its long-time legacy of generosity to MCC; the Foundation is currently the largest contributor to the Fulfilling the Promise Campaign with $413,000 pledged to date, specifically for allied health and arts support. A special thanks goes to contributors to the Stan Lewis Memorial Fund who keep Stan's memory and good deeds alive. You may be gone, but definitely not forgotten old friend; the Lewis Memorial Fund now has a fund balance of $10,500, and will now be endowed as a permanent tribute to Mr. Lewis, who served MCC with distinction for 28 years.