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10 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