2012 Annual Report

2011-2012 Annual Report

Reflect & Imagine

The Power of Philanthropy

Reflect & Imagine

The Power of Philanthropy

The 34-year-old husband and father had an important message to deliver as he took the stage.

On this day, in front of a group of powerful men, he declared an end to an era of painful division in Virginia, one that can scarcely be imagined as we see our students learning with and from each other in classrooms and quieter conversations.

your generous giving – have expanded this original vision to include degrees and credentials with high job market value, state-of-the-art facilities at three campuses, student scholarships, and instructional excellence. Reynolds has grown to be the third largest community college in Virginia because of your philanthropic support.

This year marks my tenth year as What we imagine, what inspires president. I invite you to reflect us, creates a better world. At the with me on how far philanthropy famed Shad Planking event in has brought the college and imag1971, Julian Sargeant Reynolds ine what it could do for our future. gave voice to a Commonwealth Some ideas are outlined in this that he and so many others imagannual report. Others have yet to ined, one of equality, harmony, and emerge. Still, it is together, as we J. Sargeant Reynolds opportunity. Their vision and hard have been for many years, that we work resulted in a Virginia where people, of differwill make these dreams become realities for our ent ages and backgrounds, with the drive to pursue community and for our students. higher education, can afford it. Today, I have the honor of serving as president of the college named after “Sarge,” as he was affectionately known.

Gary L. Rhodes, Ed. D Forty years of philanthropy at Reynolds – including

President, JSRCC

2

| 2011-2012 Annual Report

The Downtown Campus is undergoing $12 million in renovations, including a new library, science and technology laboratories, and student commons area.

Dr. Gary L. Rhodes is pictured on site.

J. Sargeant Reynolds Community College Educational Foundation, Inc.  | 

3

Board of Directors Board of Directors President.............................................. Jerry P. Fox Vice President..............................Patrick W. Farrell Secretary........................................Gianna C. Clark Treasurer................................ L. Michael Gracik, Jr. Assistant Treasurer................ Amelia M. Bradshaw Past President................................ Ivor Massey, Jr.

Amelia M. Bradshaw J. Sargeant Reynolds Community College Dorothy Reynolds Brotherton Community Volunteer Gianna C. Clark Dominion Virginia Power James Cuthbertson JSRCC College Board Chair Patrick W. Farrell Henrico Doctors’ Hospital Jerry P. Fox Cherry, Bekaert & Holland J. Douglas Freeman, Sr. Tucker Pavilion (Retired)

Directors Emeriti

Dimitri B. Georgiadis Schering-Plough International (Retired)

Dimitri B. Georgiadis

L. Michael Gracik, Jr. Keiter CPA’s

L. H. Ginn III

Bruce R. Hazelgrove III NewMarket Corporation

Lucylle F. Gordon (1920–2005)

Joseph C. Hutchison MeadWestvaco

Jeanette S. Lipman

Deborah J. Johnston Care Advantage, Inc.

J. Sargeant Reynolds, Jr.

The Honorable Benjamin J. Lambert III Richmond, Virginia

Patricia L. Robertson

Ivor Massey, Jr. Triad LC

Special Advisor R. Roland Reynolds Industry Little Hawk, LLC

Margaret E. ‘Lyn’ McDermid Dominion J. Sargeant Reynolds, Jr. Reynolds Development The Honorable Anne J. G. Rhodes Richmond, Virginia Gary L. Rhodes J. Sargeant Reynolds Community College

We thank Connie Moslow for her service on the JSRCC Educational Foundation Board.

Pamela J. Royal Royal Dermatology and Aesthetic Skin Care, Inc. E. Massie Valentine, Jr. Davenport & Company LLC Michelle A. Williams Richmond Restaurant Group, LLC James F. Woodward, Sr. Media General, Inc.

4

| 2011-2012 Annual Report

In Tribute The JSRCC Educational Foundation Board lost two treasured members this academic year.

What many people know about J. Sargeant Reynolds, the leader for whom the college is named, is through the excellent biography, Sarge Reynolds, In the Time of His Life, written by Andrew “Andy” McCutcheon and Michael Gleason. Andy was a tireless advocate for the college’s scholarship program, and a gracious and goodhumored friend.

Ranjit Sen brought to Reynolds his electric personality and passion for achievement in STEM-H. Ranjit’s love of community and his belief in affordable access to higher education helped advance the Foundation’s mission to serve the students and workforce of the Greater Richmond region.

Andrew “Andy” McCutcheon

As we reflect on this year, we do so with the good fortune of many wonderful memories of Andy and Ranjit.

Jerry P. Fox President, JSRCC Educational Foundation Board

Ranjit Sen

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

5

A Tradition of Giving

Philanthropy has been critical to the growth of nursing and other degree programs in our School of Nursing and Allied Health.

Since 1974, more than 7,500 students have received awards from the School.

The college celebrates its 40th anniversary this year. An important vehicle for that growth is the J. Sargeant Reynolds Community College Educational Foundation, Inc. Since 1979, the Foundation has been the vehicle for individuals, businesses, and philanthropic organizations to support Reynolds. As a non-profit organization, the Foundation promotes the college and secures resources for curriculum enhancement, new equipment, construction, and scholarships.

Educational Foundation, under the direction of an Executive Director and Board of Directors, is essential to fulfilling the mission of Reynolds; that is, to provide access to education that develops individuals for employment and career advancement, prepares students for successful transfer to colleges and universities, builds a skilled workforce that contributes to regional economic development, and promotes personal enrichment and lifelong learning.

The fundraising carried out by the JSRCC

Yet, while the Foundation serves as a vehicle

6 

|  2011-2012 Annual Report

This photo, taken at the 2nd Annual Chancellor’s Award for Leadership in Philanthropy, features (back row, left to right) Roland Reynolds, Randolph Reynolds Jr., Randolph Reynolds Sr., Virginia Community College System Chancellor Dr. Glenn DuBois, and J. Sargeant “Sarge” Reynolds Jr. (Front row from left) Richard “Major” Reynolds, Dorothy Brotherton, and Mary Ballou Reynolds Williams, widow of J. Sargeant Reynolds.

for broad financial and community support, the essence of philanthropy is much more personal.

It springs from the generosity of the individual.

Not just a desire to see positive change, but a commitment to give to that end. The monetary gifts the college is fortunate to receive have fascinating stories behind them, because every donor is unique. Every donor is precious. Every donor makes a difference.

Thank you for 40 years of giving. Thank you for 40 years of believing in our students and helping them achieve.

The college is fortunate to have the friendship and support of the Reynolds Family, whose philanthropy has dramatically grown financial assistance for students through scholarships.

Through service on the Foundation Board, the family continues to make J. Sargeant Reynolds’ dreams of college access and opportunity a reality for thousands of people in our community.

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

7

Thank You for Supporting A Passion for STEM-H

“When I was a kid, I loved the show Star Trek. And, yes, back then, people thought it was so farfetched, but you look at the science on the show, and we’re doing some of it today. And that just compelled me. It held my interest and opened the door for me to think about new things,” said Ray Burton, dean of the School of Mathematics, Science , and Engineering at Reynolds.

from a Qimonda layoff and land a new position as a Medical Lab Technologist at Southside Regional Medical Center in Petersburg. Our Polysomnography, “Sleep Technology,” program counts among its graduates a former skating rink manager who lost her job, but gained a new career in a field exploding with demand.

Ray Burton, dean at Reynolds, is a Star Trek fan.

What is fascinating about the academics, thus careers, of STEM-H (Science, Technology, Engineering Mathematics - Health) is that students are entering these fields through different doors, inspired by different desires and talents. Those far-out Star Trek episodes and strong critical thinking skills would happily combust and lead to an academic career of biology and genetic study for Burton.

Sure, there are lifelong dreams, but what about life’s unexpected turns? For one recent graduate, a retooled skill set from Reynolds helped him rebound

8

| 2011-2012 Annual Report

The lab coats are different – you might see them over nursing scrubs, donned with goggles by a lab assistant, or under the hood of an electric vehicle – but they are all worn by students entering the rapid-growth industries of science, technology, engineering, math and healthcare. According to a 2012 study by Chmura Economics & Analytics, jobs in STEM-H are expected to grow faster than the 1.7% average of all industries. Additionally, Virginia needs to graduate 28% more STEM-H students to reach the national average aligning degree awards to employer needs.

Philanthropy bolsters degree attainment, especially in high-growth fields such as STEM-H. Community support helped create the Medical Laboratory Technology (Med Lab) and Polysomnography (Sleep Tech) degree programs, and renovate science labs at two campuses.

The need is so great, the college’s future plans include a new academic STEM building at the Parham Road Campus. Philanthropy has enabled Reynolds to completely renovate and equip science labs at the Parham Road and Downtown Campuses.

Imagine a Greater Richmond region booming with the economic security, intellectual energy and stellar services delivered by a STEM-H workforce, not outsourced to communities elsewhere, but right here where we live. Our efforts are for graduating high school seniors and adults ready for a new challenge.

We’re doing this for our friends and neighbors in Goochland, Hanover, Henrico, Louisa, Powhatan and the City limits.

Burton is a graduate of Richmond Public Schools and says about his early infatuation with science, “I still have that passion today. I thank my high school teachers and college professors. One of my goals is to ensure that the students here can have that same passion and master skills to apply that passion to a career. I still love science and want our students to have that same opportunity.”

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

9

Thank You for Instilling A New Sense of Pride

“Previously I knew nothing about how to use a computer. I can now use just about any software application easily and can assist others with computer issues. I can merge documents and create worksheets and create flyers, posters, brochures. I also have learned a lot about how to assist in an office setting.

I am working on my Liberal Arts degree. If I had not come back to school, I would probably be working odd jobs as I did before I returned. Now I have a job and co-workers who I enjoy and feel like I’m contributing to society.”

relationships with business and industry leaders, opening the lines of communication to understand their needs and finding creative ways to meet them.

Through our Community College Workforce Alliance (CCWA), Reynolds is collaborating with business and industry in Central Virginia. CCWA is an innovative concept, a partnership between Reynolds and John Tyler Community College to bolster workforce and economic development. In turn, –Student, Cynthia R. that creates more success At Reynolds, our workforce stories. Some are like Cynthia’s. partners are really pride Some are of our students fresh Ultimately, Reynolds is about jobs. Kim Scheeler (right), President & CEO of the Greater partners. Because nothing out of high school. Some are Richmond Chamber of Commerce, is a better illustrates the powerful graduates and small busivaluable partner in support of the college’s mission of Reynolds than the ness owners, hanging out their strong workforce. President Rhodes (left) is a past chair of the GRCC. pride Cynthia takes in what she very own shingle after years has learned and who she has of dreaming and planning. become. The potential and the drive were there, Perhaps you are one of our success stories! and they’re important seeds. Reynolds provides the Workforce development is personal development fertile academic ground and nurturing for students too. When we grow and prosper, so do our neighto flourish. borhoods, businesses, and communities – and To keep student success at the forefront requires that’s something the people of our region can talk building and maintaining mutually beneficial about with pride.

10

| 2011-2012 Annual Report

Thank You for Building

Foundations for Learning

In 2007, Dimitri and Maggie Georgiadis, with Dr. Gary Rhodes, celebrated the opening of Georgiadis Hall. Dimitri, a retired international businessman, is also a photography enthusiast. He taught photography pro bono at Reynolds for many years. (middle right) In 2008, the Ivor and Maureen Massey Library Technology Center opened, beautifully designed and equipped for instruction. Ivor and Maureen Massey stand in one of the many spaces with generous windows and natural lighting. Ivor Massey currently serves on the Foundation Board. (top right) The Workforce Development & Conference Center houses CCWA and JSRCC offices on the Parham Road Campus. With the help of private donations, the WDCC opened in 2012 and features state-of-the-art classroom and training spaces for regional organizations. (below)

J. Sargeant Reynolds Community College Educational Foundation, Inc.  | 

11

Thank You for Honoring

The Legacy of a Patriot The story of The Gibb Family Scholarship is a compelling one. Established by Pat and Andrew Gibb, it honors the memory of Andrew’s mother Lucy S. Gibb who passed away in 2007. Before her retirement, Lucy worked for the U.S. State Department for many years and served in U.S. Embassies in Bangladesh, Turkey, and the Philippines. “I was in college during most of that time,” explains Andrew. “I’d get an airline ticket and would get to travel around the world visiting her. It was quite an experience. I missed a military coup by one day. But, travel is the best education you can get. It changes your perspective on life and makes you appreciate how great our country is.”

Andrew says his mother was a patriot who greatly admired and respected our military, particularly the U.S Marine Embassy guards who shielded her and her colleagues from harm’s way. In one harrowing example during her tenure in Pakistan, thousands of militants attacked and set fire to the U.S. embassy there, leaving 140 Americans in a smoke-filled building. One Marine corporal lost his life defending them, but eventually

12

| 2011-2012 Annual Report

the group was led to safety. Lucy Gibb always credited the Marines for saving their lives that day.

The Gibb Family Scholarship is for Reynolds students who are active or honorably discharged members of the U.S. armed forces. “I heard about the mission of the college through my friend Steve Esbach. Steve is a member of Western Henrico Rotary and I belong to West Richmond Rotary,” said Andrew.

“Pat and I already had established a scholarship at the University of Richmond, but I started to learn more about the students who come to Reynolds.

We realized we could have an instant impact. So many students could really use the help and have made sacrifices to be here.”

The Annual Scholarship Luncheon gives students a chance to meet the donors who make their awards possible. Student Damon Allen hugs Pat and Andrew Gibb, benefactors of the Gibb Family Scholarship.

Andrew believes the scholarship is an excellent way to pay it forward and honor his mother’s legacy and her love of country. “My mother always said that American streets are paved with gold. When you have as many opportunities as we do, you have to give back. It’s only appropriate to do that.”

Thank You for Believing

In Our Students & Mission

George Flowers, longtime Reynolds Engineering professor pictured above with a student, inspires us to be curious – and to give. George and his wife Alice endowed scholarships to honor their fathers, George H. Flowers Jr. and Dr. James B. Funkhouser, men who nurtured in others a love of learning, exploration, and generosity.

Foundation Board Director Emeritus Jeanette Lipman, holding the yellow rose, takes her first look at the plaque in her honor at the opening of the Massey Library Technology Center in 2008. Pat Asch joins in the moment. The Jeanette S. Lipman Auditorium is named in honor of Mrs. Lipman’s transformational philanthropy to the college. (top right) Fannie and Gil Rosenthal are longtime supporters of the Reynolds mission, encouraging the steady growth of instructional capacity of the college for more than two decades. In 2008, a lobby of the Massey Library Technology Center was dedicated in their honor. (bottom right)

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

13

Now Imagine

A Debt-Free Degree by 2023

“I’ve already seen three live births!” Zemmie Brown exclaims.

“I have an awesome internship where I can shadow a physician.

I’m planning on becoming an OB/GYN.” As a high school senior, Zemmie was flooded with acceptance letters from schools in and out of state. “It felt good to open the mail and see that I was in. My friends were getting accepted and I was relieved,” she said. Hopes were high, with tuitions to match. But, Reynolds was a viable option and Zemmie excelled, steering her course selection along a pre-med pathway. An honors graduate, Zemmie earned her associate degree in Science

14

| 2011-2012 Annual Report

from Reynolds in 2011 and is now a Biology major at Virginia Commonwealth University.

Quick to smile, Zemmie’s mood shifts when the topic turns to finances. “Money is definitely stressful. I think that’s on every student’s mind, even as they register for one class. It seems like tuition is increasing every semester. With money issues, it’s one of the number one things on our mind, but also a subject students don’t really want to talk about. People are jumping into financial situations with loans and things that they can’t handle. Sometimes, parents don’t want to talk about it either,” she said.

The reality Zemmie describes – of students and their families being engulfed in levels of debt too overwhelming to even discuss – is such a threat to middle class families in our region that it has inspired an ambitious idea: the Debt-Free Degree by 2023. The details aren’t final, but the concept is this: area high school graduates who enter and finish an associate degree at Reynolds

within three years and with a B average will have their outstanding loans forgiven.

So, rather than “stopping out” (a term to describe what is intended to be a temporary delay in a student’s education, usually triggered by a lack of funds) academically successful students with more limited means can graduate from Reynolds with a clean financial slate.

It isn’t an offer too good to be true; however, it is an offer for which the college must carefully plan and seek private funding to pay for.

As we think of the future of our region, it must include conversations with students, parents, and the entire community about creating a viable path for college completion, free of the mountains of debt which too often block student achievement and constrict economic growth.

Someone imagined the Taj Mahal, the lightbulb, and the Internet. We’re imagining the Debt-Free Degree by 2023.

Reynolds alum Zemmie Brown is now at VCU. She says most students worry about debt, but don’t like to talk about it.

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

15

Now Imagine

A Goochland Community Hub

16

| 2011-2012 Annual Report

The Goochland Campus is poised to become a community hub. A great site for neighborhood activities and meetings, the Goochland Campus currently hosts a garden festival in the spring and a community night in the fall where faculty offer expert tips on sustainable gardening, auto maintenance, and other curriculum-based topics.

J. Sargeant Reynolds Community College Educational Foundation, Inc.  | 

17

Financials

2011-2012 Funds Raised by Donor Type Total: $3,922,212

J. Sargeant Reynolds Community College Educational Foundation, Inc. Statement of Financial Position June 30, 2012 Unaudited ASSETS: Cash & Cash Equivalents

n Grants.......................... $3,240,658 n Individuals.................... $153,939

$288,373

Investments $6,623,009

n Foundations................. $375,685

Unconditional Promises to Give

n Corporations................ $86,728

Other Receivables and Prepaid Expenses

$19,314

n Community Groups...... $65,202

Net Investment in Property

$42,951

2011-2012 Funds Distribution of Gifts Total: $3,922,212

TOTAL ASSETS

$870,550

$7,844,197

LIABILITIES & NET ASSETS: Total Liabilities

$4,815

Net Assets: Unrestricted

n Programs...................... $3,528,575 n Scholarships................ $309,728 n Unrestricted................. $77,829 n Endowment.................. $6,080

18

| 2011-2012 Annual Report

$(283,568)

Temporarily Restricted

$1,812,043

Permanently Restricted

$5,743,771

Total Net Assets

$7,839,382

TOTAL LIABILITIES & NET ASSETS

$7,844,197

Thank You for 40 Years...

Reynolds’ first graduation was in 1974 and totalled 70 students. To date, more than 300,000 students have come through the doors at Reynolds.

J. Sargeant Reynolds Community College Educational Foundation, Inc. |

19

of Moments Like This One

P.O. Box 26924, Richmond, Virginia 23261-6924 • (804) 523-5181 reynolds.edu/foundation • facebook.com/JSargeAlumni