Why Give?

Benefits to Students and Donors

Need: Over 3,000 credit students (60 percent) are in need of financial assistance. In 2004, only 100 students received MCC Foundation scholarships. Increasing private support for student scholarships is a way to ensure that every student who wants to study at MCC is offered an opportunity. This will advance the institution in its mission of providing a broad range of educational opportunities that prepare the student for the world of work or for transfer to a four-year college.

Benefits to Donors: 100 percent of the endowed or designated funds donated directly benefit students and are dispersed according to the donor's wishes. Donor benefits include:

• Appropriate recognition based on donor preference.
• An invitation to the MCC Foundation's Annual Scholarship Reception honoring both students and donors.
• Notification of student scholarship recipients. All donors will be given an annual report of their fund balance.
• Invitations to attend campus activities and events.

Benefits to Students: Any contribution starting at $50 can be used to support the diverse financial needs of students. Any endowed scholarship gift starting at $5,000 can provide needed support for either textbooks, fees or tuition.

An endowed scholarship gift will provide the following benefits (based on 5 percent yield):

• $25,000 gift yields $1,250 (tuition, fees and textbooks for a full-time student, 12 semester hours)
• $20,000 gift yields $1,000 (tuition and fees for full-time student, 12 semester hours)
• $15,000 gift yields $750 (tuition and fees for 9 semester hours)
• $10,000 gift yields $500 (tuition and fees for 6 semester hours)
• $5,000 gift yields $250 (textbooks for 2 or 3 courses)

Donors make a Difference

Donors can support the MCC Foundation and its mission in a number of ways.

Scholarships

Scholarships may be funded annually or endowed. Scholarships of this type are named and may honor or memorialize a loved one or friend.

Endowments

Endowment gifts, which have the most long-lasting impact on the College, are held in perpetuity and a portion of their investment income each year is made available to support scholarships, endowed professorships and program enhancements.

Benches, Bricks and Building Spaces

Naming opportunities of courtyard benches, garden bricks, campus building spaces and SBM Charitable Foundation Auditorium seats support the MCC Foundation scholarship fund.

Alternative Contributions

Contributions of this type usually range from $50 to $1,000 and support students for textbook purchases, emergency funds, bus transportation, equipment for labs, etc.

Gifts to the MCC Foundation

The major source of gifts include individual and corporate donations, annual fundraising appeals, endowment gifts, planned gifts, memorial scholarships, and the annual An Evening of Fine Wines. The gifts are designated by donors for specific purposes that align with their personal interests, as well as the needs of the College. Since the majority of these gifts are designated for scholarships, the Office of Institutional Development has created a formal scholarship application and selection process for students to ensure compliance with award parameters.

Foundation Assets

Foundation assets are in cash, money market funds, stocks and bonds totaling over a million dollars. All Foundation funds are held at Morgan Stanley and invested by Connecticut Investment Management Group in Centerbrook, Connecticut. CIM holds the brokerage power to trade these positions as guided by Foundation investment policies. Foundation funds are audited annually by Scully & Wolf Accountants, LLC, of Glastonbury.