The Messenger
August 4, 2004

Gifts and pledges to Madisonville Community Colleges Fulfilling the Promise Gifts Campaign have topped $1 million.

Market value investment in the college's endowment accounts now totals almost $3.3 million, said Development Director John Peters. The college hopes to have at least $4 million "in the bank" when the campaign ends in spring 2005.

Pledges and cash gifts to endowment areas are specifically designated to several campaign priorities: Quality/Equipment Endowment, $105,000; Humanities Programs, $40,000; Crittenden County Endowment for Excellence, $132,000; Title III Instructional Support, $120,000; Diversity Programming, $21,000; Scholarship Endowments, $449,000; Arts Programming, Community Theater, $187,000.

"The entire Fulfilling the Promise campaign has been designed to strengthen program excellence and provide increased fiscal stability through endowment income and direct cash gifts," said Dr. Judy Rhoads, MCC president.

New scholarship endowments in engineering technology, nursing, biology/anatomy and education will provide tuition support for students in those disciplines.

New endowment pledges to arts programming will provide almost $11,000 in additional interest income for the Glema Mahr Center for the Arts.

The quality endowment continues to support costs for equipment replacement as well as professional development opportunities for college employees, Peters said.

The campaign's Crittenden County division is designed to raise $400,000 over five years to support the tuition, book and travel costs of students from that area.