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THE FOUNDATION FOR MANATEE COMMUNITY COLLEGE, INC.
amount.
• Under the State of Florida Matching Program, the
Foundation qualified for $4.3 million. Scholarships are matched up to 100%, and gifts to endow faculty chairs, purchase equipment and for other purposes, up to 66.67%.
PRIVATE SUPPORT TO THE FOUNDATION
$9,268,474
Corporations Organizations
ALLOCATION OF EXPENSES $1,804,089
Individuals
11% Foundations
36%
State Matching 46%
Academic Support 35.26%
Management & General
Student Support
6% 1%
52.56% 12.14%
GROWTH IN ENDOWMENT
UNPRECEDENTED SUCCESS
• The Foundation provided $1,200,176 in support to
MCC for the 2004-2005 fiscal year (October 1, 2004 to September 30, 2005), funding scholarships, faculty salaries and expenses, program funds, equipment, supplies, and institutional support.
• Its endowment topped $33 million, a record-breaking
2003 $16,882,064
2004 $22,661,200
2005
$33,039,736
2001 $12,692,700
2002 $15,533,942