2014
A N N U A L• R E P O R T
Foundation Board 2013-2014 Board Officers
What we do for ourselves dies with
Lynn Clarey, ‘76
us. What we do for
Peter Sandberg
remains immortal.
President
Vice President
Jacob Petersen, ‘05
others and the world – ALBERT PIKE –
Treasurer
Marilyn Hansmann Secretary
Board Members Steven Colebeck, ‘72 Mike Fink Darren Groteboer David Harbert Ginger Holmes, ‘82 Don Layton, m.d. Kit Muellner Steve Nigon, ‘73 David Pederson Richard Rosener, ‘73 Greg Russell, ‘67 Todd Severson Mark Severtson, ‘78 Molly Sweeney
Ex-Officio Members LESLIE mCCLELLON RCTC President
Scott Krook
RCTC Director of Student Life
Robert Sanborn
RCTC English Instructor
Michael WENZEL
RCTC Student Senate President
RCTC Foundation Mission: The Rochester Community and Technical College Foundation improves lives with support of quality, affordable, accessible higher education.
RCTC Foundation Core Values: – Spirit of Giving –
We recognize our role to attract resources for Rochester Community and Technical College and its students.
– Enhancing & Advancing –
We believe our role is to enhance and advance the capacity of Rochester Community and Technical College.
– Engaging the Community –
As community leaders, we believe in using our sphere of influence to strengthen understanding and foster relations between the College and community.
Honesty and Integrity
We believe in high integrity as the guiding principal in conducting our business.
Responsibility and Accountability
We recognize our responsibility to benefactors and stakeholders and strive for honesty and openness.
RCTC Foundation Motto: Together we’re building a successful future through higher education.
A Message from our Presidents Lynn Clarey
RCTC Foundation Board President:
Leslie McClellon RCTC President:
As I review my 2013-14 term as President of the Rochester Community and Technical College Foundation Board of Directors, I am proud of the accomplishments we achieved as we ended another successful year supporting students and programs at Rochester Community and Technical College.
Thank you, individual donors and organizations, for your investment in the education of our students. Your contributions are essential for RCTC to fulfill our mission of providing accessible, affordable, quality learning opportunities to a diverse and growing community.
This annual report, “Opening Doors to the Future” looks back at the July 1, 2013 to June 30, 2014 fiscal year to recognize all of you who stepped forward in that time to show your support for the students and programs of RCTC. It also highlights the diversity of reasons that you, as generous benefactors, give and the programs to which you choose to contribute. Your contributions ensure that coming generations can access the resources necessary to explore and discover knowledge – knowledge that will help them to be successful in their own lives while creating new solutions that benefit their communities and our global neighborhood. We thank you for your past generosity and hope you will remain a supporter as we secure new opportunities for investing in the next generation. I am so proud and grateful for my association with Rochester Community and Technical College, both as an alumnus and Foundation board member. For your support of student scholarships, for your belief in all the Rochester Community and Technical College promises and delivers, and for the good that you are doing through your giving, I thank you.
Our College has been an educational provider of quality learning in the Rochester community since 1915, and the Foundation has been there for most of that time to ensure our students have the necessary resources to focus more on their education and less on the financial barriers of obtaining a college education. In addition to the financial resources for our students, your commitment to Rochester Community and Technical College over the past year has also played a major role in our success. Whether it has been participating in a fundraising event, attending an athletic event, concert, or play, or just referring students to us for their educational needs, your support continues to make a difference in the lives of our students. Again, thank you for your contributions and for the confidence you place in Rochester Community and Technical College and the RCTC Foundation.
Sincerely,
Sincerely, 1
RCTC Foundation | Opening Doors to the Future
From our Director
2014 Scholarship Awards
Dezz L. Lewis
In 2014, the RCTC Foundation awarded over $275,451 in scholarships to 239 deserving students to assist them in pursuing their academic goals.
Director of Donor Relations Dear RCTC Supporters: Another year has passed in which this community has demonstrated its resilience and its commitment to Rochester Community and Technical College.
In the current climate, the road to student achievement and success is shadowed by economic obstacles. RCTC students are intrinsically bright, focused, and full of potential, but funding a college education is getting harder and harder. However, with committed donors like yourselves, together we have turned those obstacles into opportunities for RCTC students over the past year. Our goal is to continue to help all RCTC students earn college degrees and/or certificates and shine. That means reducing the financial burdens and giving them an education that will take them anywhere they want to go. To keep opening doors for our students, we need your continued support. When you give to the Foundation, you are not only supporting a future, you are directing scholarships and funds to students who are following in your footsteps. You are opening doors for them and giving them the tools and confidence to succeed. On behalf of the RCTC Foundation, I extend appreciation to all our donors over the past year. As the College continues to grow, the Foundation’s role to provide scholarships to students and resources to RCTC becomes even more vital. To our future donors, please join us as we build a successful future through higher education.
With sincere gratitude,
Each spring, scholarship recipients are recognized for their achievement at the annual Scholarship Awards Ceremony. The Scholarship Awards Ceremony is an exciting event held to give public recognition to students who are selected as scholarship recipients for their exemplary achievements. Scholarship awards are made based on a combination of factors, including financial need, demonstrated academic excellence, student life involvement, and/or social contributions. Family and friends of the recipients are invited to attend the ceremony to share this celebration with their student. A Scholarship Reception is also held prior to the awards ceremony to honor the generosity of scholarship contributors and the impact of their gifts to students. The Scholarship Reception is a wonderful opportunity for our scholarship donors to meet the students who benefited from their generous gifts. Not many people can say they are contributing directly to the future quality of life in our community, but our scholarship donors can. They have made an investment in education which is the most direct method we know of that ensures a qualified workforce and educated leaders will guide our community in the future. Scholarship recipients have the chance to meet and personally thank the donors responsible for their gift of education. We hope that the experience of meeting their donors will inspire them so those who are successful later in life will also be scholarship donors. Many RCTC students, if not for receiving one of our Foundation scholarships, would not be pursuing their education and training. Newly arrived immigrants, single parents, high school graduates whose families cannot provide tuition support, laid off workers needing to upgrade their skills or get new training: the list goes on. Students at RCTC are here because they desire an education; they want to learn so they can access a good career and good life. For many of them, southeastern Minnesota is their home. They are comfortable here and want to stay, becoming productive citizens and assets to our communities.
Education is changing in America. Not only are 85% of students attending public colleges and universities, those students are following more targeted educational paths to give them an edge in a competitive world. – Anonymous 2
RCTC Foundation | Opening Doors to the Future
Making a Difference: Hassan’s story My name is Hassan and I was born in Damascus, Syria, where I grew up and attended elementary and high schools. As a child, my dream was to become a teacher for young children because I love children very much; later on, I changed my mind and thought I would become a pediatrician. In 2006 and after graduating from high school, I enrolled in a pharmacy school at IUST (International University for Science and Technology), an English speaking school. That was my first major challenge because in elementary and high school, I had studied French as a second language besides my native language, Arabic, but not English. For this reason, I started studying English with my mother in order to become a little bit more proficient in this language; I had not thought about studying English before because I had always thought that, after graduation, I would be staying with my parents until I would start working and get married, according to the Middle Eastern culture. However, sometimes life forces us to change our plans for the future, and that is what happened to me. After five years and before graduating, I had to leave Syria because of the dangerous situation created by the war. I had to interrupt my studies in Syria when I was just two credits away from my bachelor’s degree; at my parents’ and my relatives’ advice, I decided to leave my country even though I had not finished my degree program. The reason I elected to come to the United States is because my brother, Sami, is here to continue his degree in the medical field. On March 16, 2012, I went to the Syrian Airport to board my airplane. I landed in Indiana, where my brother was living at the time, on a rainy, muggy day. It was a sad day for me and my family because I had never been away from home before and also because of the bad situation in Syria. I hope that someday I will be able to go back and be rejoined with my family. I did not feel happy when I landed in the US, far away from my country, although my brother and his wife were waiting for me. In the beginning, I lived with my brother and his family, but then I moved in with an American family in order to improve my English. In addition, I enrolled in ESL (English as a Second Language) classes where I met many people from different countries such as China, Japan, Saudi Arabia, Brazil, Venezuela, and Mexico. It was a wonderful time to learn about other cultures and to also learn some new words in Japanese, Chinese, and Spanish. To be honest, studying English was not easy for me since I had learned French since the age of six.
When I finished my ESL classes, I decided to take the TOEFL IBT test although I was sure I would not get a high score on it; my score was 50/120. After that, I tried to find a pharmacy school that would accept my transfer credits from Syria. In fact, most colleges accept only the first two years, so I will have to repeat 4-5 years in order to get a pharmacy degree, which is different from a bachelor’s degree. When my brother finished his medical residency in Indiana, he found Mayo Clinic in Rochester, MN, to be a good place for his fellowship in nephrology. He moved to Rochester with his wife and his daughter, Sarah, while I stayed behind in Indiana. Later on, he emailed me and told me that he found RCTC, a community college where I might be able to enroll in the field of Laboratory Science, which is very similar to pharmacy. I took my first Accuplacer test in December 2012, but my scores in Reading and English were not good enough to enroll, although my grades in math were extremely high. My advisor recommended that I take some classes through Hawthorne Adult Education Program before retaking the Accuplacer. In August 2013, I retook the Accuplacer, and based on the higher scores, I was able to enroll at RCTC. I’m now in the fourth semester at RCTC and I have been tutoring students in the TRIO program for math and some basic chemistry classes. In addition to my studies and working on campus, I have been volunteering my time at the Good Samaritan Clinic in the pharmacy technician field since December 2012; I also volunteer at the Rochester Public Library helping high-school students who struggle in their math classes.
My future plans are to graduate from RCTC and return to Syria to improve my country by using what I have learned in the US, a country which is on the leading edge of life, science, and technology. My dreams will be a reality because of scholarships awarded by the RCTC Foundation. – Hassan Safadi, Scholarship Recipient 2014 Annual Report | www.rctc.edu/foundation
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Beating The Odds in 2014
Alyssa Bartel
The 14th annual Beat the Odds Event, held in January, honored six amazing students from Rochester and surrounding communities who have overcome significant obstacles in their young lives. These high school seniors have shown tremendous perseverance despite challenges that range from coping with severe family difficulties, to experiencing the loss of parents at a young age, to battling life-threatening cancer. Each of these students was awarded a $2,500 scholarship to the accredited college of their choice. Besides recognizing these inspiring young students, Beat the Odds also pays tribute to the adults who detected their struggles and reached out with encouragement, advice, resources, and support.
Since its inception, Beat the Odds has provided $178,000 in scholarships to more than 100 remarkable students. 4
In fifth grade, Alyssa began to develop faster than other girls her age and developed body image issues. She was convinced she was “gross,” which led to her struggle with anorexia nervosa. By sixth grade she had stopped eating for days and was skipping school to exercise. This continued through eighth grade, and at the beginning of her freshman year she was 5’ 7” and 89 pounds. At this point she was losing contact with family and friends; her life centered around her eating disorder. She was skipping meals to drink vodka and purge. This led to a forced stay at Generose for a suicide attempt and alcohol abuse – her eating disorder had become life threatening. Through her faith and the support of family, friends, and her doctor, she found the motivation to get better. It was in those days that she realized that she wanted to be a nurse and work in a psychiatric ward with eating disorder patients. Alyssa applied at Rochester Community and Technical College to start on the road to being a psych nurse. In Alyssa’s words: “What I learned in my recovery is that life is about so much more than a number on a scale or a few bad days – it’s also about getting what you value most out of each day!”
“There are always going to be things that we don’t like about ourselves and things others might not like about you, but you can’t let that dictate what you want for yourself.” – Alyssa Bartel
Tawna Christenson
Tawna started out life with young parents not yet ready to raise a child, and an unstable family life led to school problems. In her words she was, “quiet but polite, young but wise, hurting but kind; no matter how hard I tried though, no one ever seemed to be kind to me.” In 2009 another event rocked her world, as a beloved uncle committed suicide. This unexpected and painful event caused her to become lost and depressed, and Tawna turned to “cutting” to alleviate the mental pain that gripped her. At one point her depression became so severe she attempted suicide. She came to realize that this wasn’t a proper way to handle the pain she was hiding and asked for help. This behavior brought its own challenges, as her peers called her names, dumped holy water on her, and sometimes were even violent, which led to more violence and got her into more trouble. When it seemed she had hit rock bottom, a new opportunity came to her when she was accepted into Rochester Off-Campus Charter High School. At that point everything got immensely better: her grades, her mood, and her bad habits. Tawna enrolled in PSEO at Rochester Community and Technical College and had new friends she trusted and who loved her for who she was.
“I have a new sense of self-worth, and I have gained back a lot of the kindness I once had.” – Tawna Christenson
RCTC Foundation | Opening Doors to the Future
2014 Beat The Odds Recipients
Isaiah Grafe
was born into a life of silence and was diagnosed as profoundly deaf due to auditory neuropathy at the age of 13 months. His parents did not accept this life for their son, and after many visits to doctors across the country and numerous tests, Mayo Clinic agreed to perform a cochlear implant surgery. At 3½, Isaiah was given the gift of hearing. Isaiah also has apraxia and speech has been difficult. This led to his being bullied in middle school. The bullying was severe enough that he was physically attacked and ended up in the hospital with a concussion and multiple abrasions. He had to have surgery to replace the cochlear implant. After the incident with bullying, Isaiah switched schools, and in the new school he became a more confident and outgoing person. In Isaiah’s words, “I believe that it is important to get involved, be a leader, and give back to both my school and community.” Subsequently, Isaiah became Editor of the Yearbook, President of Key Club, Vice President of Student Council, and an Executive Board member of the National Honor Society. He was one of 40 students selected to attend the AG Bell L.O.F.T., a ten-day program to develop skills in leadership, teamwork, understanding group dynamics, communication, and public speaking. His volunteer activities included Bingo at the Senior Center, Senior Citizen’s Chore Day, Meals on Wheels, Food for Kidz, Cancer fundraisers, Highway Garbage Pick-up, Salvation Army Red Kettle Bell Ringing, Rose Sales, and the annual Halloween Party for the local children. Isaiah describes his challenges in a quote from Jacob M. Braude:
“Life is a grindstone; whether it grinds you down or polishes you up depends on what you are made of.” – Jacob M. Braude
Angalee Morrow
grew up in a family that struggled to stay together. Her father died when she was four and her mother went into a depression, so Angalee and her siblings were raised by a grandmother until she was ten. Her mother re-married and life seemed better until her grandmother died and the family lost their home. Another new school brought hopes of a new beginning, and for a time, school, friends, and life were better. Just as life seemed to be on track, her parents gave up being sober for meth. Again everything was lost: house, friends, family. Shortly after this her older siblings moved away, which left Angalee alone with her mother and stepfather. A new living situation found her on the top of a mountain with no running water or electricity, and her mother and stepfather were “scrapping” metals to get money for drugs. Shortly after this, her stepfather was arrested, and her brother drove to Nevada and moved Angalee and her mother back to Minnesota. Angalee enrolled in Mayo High School, but it was a huge school and not a good fit. She dropped out, intending to get a full-time job to help support her mother. She attempted night school and online school, but neither was a good fit. She was introduced to Rochester OffCampus (ROC) Charter School and liked how welcoming the school was. In Angalee’s words: “I’ve never been more proud of myself. It’s been a long battle, but my life has taught me that you can’t just give up when things get hard on you. You can’t just let someone bring you down and take everything from you; you have to fight in this world, and that’s what I’ve been doing my whole life. I don’t ever plan on giving up. I’ll make it to college, and I’ll make it to see the better things in life.”
“I‘m determined to be that one person who makes a difference in this world even if it is just one step at a time.” – Angalee Morrow
2014 Annual Report | www.rctc.edu/foundation
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2014 Beat The Odds Recipients (continued)
John Roberge
was born in Guangzhou, China, where he was abandoned at the age of four. He came to Rochester at age six when he was adopted by his parents Robert and Deborah Roberge. These words from his sponsor recap his long list of life challenges: “John has coped with abandonment at age four, living in an orphanage and a foster home, born with a significant physical impairment, changing countries, culture and language at age six, bonding to new adoptive parents, enduring 10 surgeries and speech therapy to correct his physical impairment, and living with the day-to-day unpredictability of a seriously ill adoptive father who has been frequently hospitalized.” John has not only met those challenges with courage and resiliency, he became a good student who particularly enjoyed science and math, developed athletic prowess in both bowling (co-captain) and lacrosse, learned the value of community service, and held a part-time job. John became active in Boy Scouting, which he says has given him the foundation of his morals, knowledge and experience. In his words, “scouting has helped me learn the importance of good management, leadership, knowledge, and hard work. The first time I felt the moment of self-reward was when I was a Tenderfoot when our troop helped with the food drive for Channel One. I just loved it, wondering how everybody from different wealth, race, and beliefs can stand aside their difference and help a cause. I think that volunteering is the most fun thing about scouting.”
John’s unique family situation has sparked his interest in the medical field, and he hopes to have a career in the medical field possibly as a nurse or nurse anesthetist. John has already proven that he can set goals and meet the challenges of whatever comes his way.
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RCTC Foundation | Opening Doors to the Future
Micaela Rud
was born into a family that struggled with mental illness. This did not spare Micaela, and from grade four she struggled with an anxiety disorder and Obsessive Compulsive Disorder (OCD). She was able to manage her illness until she reached middle school. Middle school brings special challenges for all young people, and Micaela was no exception. She decided to start eating healthy and began working out to feel better about herself, but what started out as an innocent attempt to better herself became a severe case of anorexia nervosa and later bulimia. After attempts to treat this illness at home failed, Micaela was hospitalized twice during her freshman year. Her recovery was difficult, but with the support of her family and doctor she is on the path to recovery. Throughout all of those challenges, Micaela maintained a 4.0 GPA in school. She has been part of numerous extra-curricular activities, including National Honor Society, National Spanish Honor Society, and Mayo High School Debate Team, to name just a few. She volunteered with TriValley Migrant Head start, Family of Christ Lutheran Church, and performed a mentorship with Judge Kevin Lund and Stephen Whiteside Ph.D. She was awarded the National Spanish Exam Gold Award in 2011, 2012, and 2013. She has been an A-Honor roll student since 6th grade. She has lettered in NHS, Key Club, and Debate team during the 2013-2013 school year.
“God gives each of us certain challenges for a reason, whether it is to teach us a lesson or direct our path. I believe that God has given me my mental illnesses so that I can help other people who are struggling. I want to make a positive impact on the world, knowing that everything I do is for God’s glory.” – Micaela Rud
Yellowjacket Golf Classic On Friday, June 13, a fun time was had by all who came out to support the Annual Yellowjacket Classic Golf Tournament held at Willow Creek Golf Course. This year marked the 20th year of the annual Yellowjacket Golf Tournament that was first established by Cy Champa and Steve Kereakos to create the Champa/ Kereakos Scholarship Endowment. In 2011, the annual Yellowjacket Football Tournament was combined with the Champa/Kereakos Golf Outing to make one event with participation increasing each year. Supporters get to choose which RCTC athletic team will benefit from tournament proceeds, however, the goal is the same: SUPPORT RCTC ATHLETICS! This year we had teams representing baseball, men’s and women’s basketball, football, and wrestling.
The RCTC Foundation established the Champa/Kereakos Scholarship Endowment in honor of the twenty-seven years Cy Champa and Steve Kereakos devoted to the Yellowjacket Football program. In 2011, Champa/Kereakos Scholarship Endowment reached the intended goal amount of $100,000 thanks to seventeen years of hard work by Cy Champa and Steve Kereakos. Since the endowment’s inception, there have been sixty scholarships awarded! The first scholarships, awarded in 1996-97, were for $250. Today the scholarship is worth $1,000. Congratulations to our 2014-15 Scholarship Recipients, Bailey Proudfoot, Brody Vander Kolk, Garrett Zander, and Jaymes Zollner!
Special thanks to everyone who helped make the event a success! Many thanks are to the community organizations, businesses and individuals who donated cash for the program and in-kind items for our raffle. Special thanks to our hole sponsors: All Star Insurance Agency – Mark Samalaska, Berg Farms – Michael Berg, Cy Champa, Jimmy’s Salad Dressings & Dips, Knutson Construction, Perkins Restaurants – Bob Yanish, Plitzuweit Classic Tractors – Irv Plitzuweit, RCTC Leadership Team, ReMax Results Gwaltney Group – Scott Gwaltney, Sterling State Bank – Lynn Clarey, U.S. Bank – Mike Adkins.
2014 Annual Report | www.rctc.edu/foundation
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Making a Difference – your legacy, their future Student support is the number one priority of the Rochester Community and Technical College Foundation, and creating an endowed scholarship through the RCTC Foundation is one way you can assist students and leave a legacy to the College. It’s also a very meaningful way to honor and pay tribute to a family member, friend or colleague. Scholarships can be awarded to students based on academic merit, special talents, interests or qualities, financial need, or other criteria defined by you. You designate the purpose of your endowment, and earnings from that investment will grow over time to fund your philanthropic priorities forever. Endowed scholarship funds are designed to be permanent and perpetual and are called permanently restricted (endowment) funds. A permanently restricted fund means that the funds would be “protected” and scholarships would only be paid from money earned through interest or investment gains of the fund. The established fund will be invested and governed by the investment and spending policy of the RCTC Foundation Board. The permanently restricted funds would never be spent but only be used to generate income to be used for scholarships. The advantage of this fund is that it would be a legacy to your designation and scholarships would be issued “forever” as long as the interest earned was enough to cover the determined scholarship value. In the event that interest did not generate adequate dollars to cover the determined scholarship, the scholarship simply would not be offered again until enough funds are available. The minimum contribution to establish an endowed scholarship is $10,000. You may use cash, stocks, bonds, or real property to make your gift. Paid
in full, your contribution underwrites the scholarship immediately. You may also make a multi-year pledge and take up to three years to fulfill your contribution. Scholarships will be awarded when the pledge payments are completed.
Donors have several pledge options: • Option 1: Provide $10,000 to establish the endowed fund immediately
• Option 2: Provide the first $5,000
up front and pledge $1,667 annually for three years = $5,001
• Option 3: Provide the first $5,000
up front and pledge $139 monthly for three years = $5,004
You may make additional gifts to your scholarship fund at any time. With option two or three, it is recommended that donors provide an additional $1,000 to fund the first scholarship award while the pledge payments are being completed. All gifts are 100% tax-deductible. Guidelines for the use of the spendable income generated by the endowment will be agreed upon by the donor(s) and the
Foundation in a mutually executed Fund Agreement, kept on file in the Foundation office. A 1% set up fee along with a 1% management fee will be applied to the fund the first year. An annual 1% management fee will be charged thereafter. Typically, a selection committee carefully reviews the scholarship applications submitted by students and selects the most deserving recipient(s) based on the donor-established criteria. The RCTC Foundation recognizes that scholarships are important because they provide support to students who might not otherwise have the resources to pursue higher education. Most RCTC students juggle multiple responsibilities – balancing work, family, and career preparation. A significant number are non-traditional students, looking to expand their opportunities and abilities with additional education. Others are seeking certification or training to enter the workforce with a marketable skill. Especially in difficult times, a scholarship can make all the difference, but no matter what the reason for attending, RCTC scholarships change lives!
An advocate for student success: Glen Saponari is an academic advisor for International Students at Rochester Community and Technical College and began his career at the College thirty years ago. As an advocate for student success, Glen established the Anthony Saponari Scholarship in 2009 in memory of his father, Anthony Saponari, through payroll deduction. The Anthony Saponari Scholarship is awarded each year to a returning student with a minimum GPA of 2.5 who participates in RCTC athletics or other RCTC activities. Glen wanted to help students at RCTC as a way to honor his father who was a devoted follower of college sports. Glen fondly recalls his father saying that he loved college sports because, “the college kids play from their heart”. Glen comes from a large family, having grown up with thirteen siblings, and he hopes to enlist their support in creating a horticulture scholarship as a tribute to their mother, Patricia Ann Saponari, who was an avid gardener. 8
RCTC Foundation | Opening Doors to the Future
2014 Honor Roll of Donors For the generous individuals who contributed to the Rochester Community and Technical College Foundation this past year, their motivations were all very personal. Giving of resources and time to help others is one of the most personal acts made. But while giving stories are all unique, they share one of more of the following motivations:
• To help fulfill a goal or passion. • To feel a sense of value and satisfaction. • To leave a lasting imprint on society while making a significant difference. • To perpetuate a certain viewpoint or philosophy. • To unite family members around a personal mission. • To honor or memorialize a friend or loved one. • To give something back to a community. • To fulfill a responsibility or desire to be a leader in the community. • To connect with others who share our interests. • To benefit from tax advantages. • To express gratitude; to say “thank you.”
Whatever the reason, being a donor puts you at the heart of what matters. Thank you for shaping our future. Centurion Circle ($50,000 +)
Stewardship Club ($1,000-$4,999)
Kwik Trip
• American
Patron Circle ($10,000-$24,999) • Neil
Anderson Communications • Dean & Mary Lent • Mona Magnis • Rochester Youth Football Association • Southeastern Minnesota Arts Council • Charter
President’s Club ($5,000-$9,999) • Roy
• IBM
Hoffman
• Donald
Layton • Post Bulletin Co. • Shades of Green Hosta Society • Opal Weis
Business Women’s Association Rochester Chapter • American Society of Heating, Refrigerating, and Air-Conditioning Engineers • Bemis Company Foundation • Canadian Honker • Don Charlson • Delta Dental • Brenda Dicken • Allen & Marcia Dollerschell • Eastwood Bank • Carol Eppen • Flaherty & Hood • Bill & Kay Haling • Hubbard Broadcasting Foundation • Isaak Walton League • Kiwanis of Downtown Rochester • John Knutson • Steven Lewis • John & Sandra MacLaughlin
• Mayo
Foundation Energy Resources • Minnesota Society of Arboriculoture • Minnesota Society of Professional Engineers, SE Minnesota Chapter • Minnesota Veterinary Medical Foundation • Steve & Sharon Nigon • Roger & Maggie Nolte • Oehlke Family Foundation • Olmsted Medical Center • People’s Energy Cooperative • Pepsi-Cola Bottling Co. • John Perry • Jacob Petersen • Prosthetic Laboratories • Rochester Area Foundation • Rochester Commercial Banks Association • Rochester DOES • Rochester International Association • Yvonne Romero • James & Priscilla Russell • Jean Schnelle • Minnesota
• Mary
Schwanke Semerad • Deb & TJ Shandley • Smith Schafer & Associates, Ltd. • Mary & Hank Sugden • Barbara Swisher • Think Mutual Bank • Treasure Island Resort and Casino • UCare • U.S. Bank • Eileen Zirbel • Zumbro Valley Dental Society • Zumbro Valley Medical Society • Zumbro Valley Medical Society Alliance • Dennis
Dean’s Club ($500-$999) • American
Board of Dermatology • Alvin E. Benike, Inc. • Christy Blade • Bowman Tool & Machining, Inc. • Cabane Locale
2014 Annual Report | www.rctc.edu/foundation
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2014 Honor Roll of Donors (continued) Dean’s Club (continued)
College Club ($200-$499)
• City
• Affiliated
of Rochester Conway • Cronin Homes, Inc. • Kevin Dobbe • Allan Gould • Robert Groettum • Marlys Hays • Margaret Herrell • Mary Humke • Robert Keller • Knutson Construction, Inc. • Masonic Lodge #21 • Merit Contracting, Inc. • Minnesota Grocers Association • Mount Olive Lutheran Chuch • Kit Muellner • Gail O’Kane • Marlys Peterson • Chrisanne Pieper • Pine Island Bank • Pompeii Painting • Premier Bank Rochester • Pro Image Promotions and Apparel • Rochester Community and Technical College • Kathy Richardson • Randall Rodakowski • Ryan Windows & Siding, Inc. • Sandberg Law Firm • Lawrence Schwanke • Sterling State Bank • Steve Yaggy Specialized Truck Service • Don Supalla • TBehr Services, LLC • Thomson Reuters • TKDA • Daniel Toft • Stephen Troutman • Sharon Tuntland • Weis Builders, Inc. • Weis Landscaping and Design • Wendland, Utz • Winona State University-Rochester • Virginia Wright-Peterson • Daniel
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Group Plus • American Association of University Women • Donald Baldus • Michael Berg • Donald Borcherding • Ginny Boyum • Thomas Brinkman • Jane Carlson • Steven Colebeck • Dalco Enterprises, Inc. • Sue Dripps • Dunlap & Seegar • Robert Ekstam • Renee Engelmeyer • F&M Community Bank • Family Tree Landscape Nursery • Margaret Farrell • First Alliance Credit Union • Gauther Industries • James Gross • Matthew Hafar • David Harbert • Heartman Insurance • HGA • Himec, Inc. • Ginger Holmes • Jeffrey Jacobsen • Carol Kamper • Colleen Landherr-Maddox • Paul Landry • Lund Tax & Accounting, Inc. • Maier Tree & Lawn • Robert Maroo • Mayo Employees Federal Credit Union • McGhie & Betts, Inc. • McGladrey, LLP • Merchants Bank • Patricia Miller • Minnesota Vikings • MN State College-SE Technical College • Barbara Mollberg • Robert Morse • Bernie Nigon • Northern Valley Animal Clinic • Kimberly Norton • Affinity
RCTC Foundation | Opening Doors to the Future
• Thomas
Ostrom Plitzuweit • Reichel Foods, Inc. • John Reister • Rochester Public Schools • Thomas Roepke • Glen Saponari • Ione Schloegel • Daryl Schulz • Schumacher Elevator Company • Gordon Scudamore • Dave Senjem • Jamey Shandley • James Sloan • Stifel Nicolaus • Tap House on Historic Third Street • Top Performance Sales • UHL • University of Minnesota-Rochester • Donald Verdoorn • Workforce Development, Inc. • Irvin
Centennial Club ($100-$199) • All
Star Insurance Agency Amy • Gail Anderson • Mitch Anderson • Assemblers, Inc. • Augusburg College Rochester • William Bakken • Peter Bandy • Michael Baudoin • Larry Behnken • Linda Behrens • Warren Beighley • Peter Bouquet • Ardell Brede • Paul Bucher • Central MN Senior Housing • Cy Champa • Clarion Research Inc. • Jon Closson • CNS Home Healthcare • College of St. Scholastica • Comfort Home Healthcare Group, Inc. • Dale
• Custom
Alarm Dalsbo Estate • Atef Dimian • Suzanne Dinusson • Ann Drinkwalter • Gary Eide • Mike Enger • Meellee Fish • Joy Fogarty • Patricia Gangl • Dennis Gladwin • Gerard Goulet • Tyler Grapp • Linda Gregg • Todd Hanson • Charles Hazama • Heglands Creative Landscapes, LLC • Alex Herzog • Steven Hinrichs • Stephen Hucke • Deborah Jacobsen • Jim Whiting Nursery & Garden Center • Jimmy’s Salad Dressings & Dips • Frank Jost III • Karen Kamradt • Jeannine Karnes • Gretchen Kersten • Lynne Kirklin • Nirmala Kotagal • Stephen Lehmkuhle • Gary Leitzen • Walter Ling • George Malkasian • Maple Manor Healthcare & Rehabilitation • Jenee & Kevin McGurren • Michael Younge Development, Inc. • Gwenn Neville • Donald Oliver • Perkins Restaurants of Rochester • Reid Perry • Pine Haven Care Center • Nicole Reeves • Roxy & Steve Roadway • Robert’s Speciality, Inc. • Jan Rump • Gregory Russell • Scott Sahs • Samaritan Bethany Inc. • Julius
2014 Honor Roll of Donors (continued) • Seneca
Foods Foundation Smith • Soldiers Field Veterans Memorial Inc. • Eugene Sorensen • Brian Steele • Julianne Stenehjem • Stewartville Care Center • Tricia Stiller • Barbara Stowers • Margery Swee • Transitions Therapy • Troy Tynsky • Karen Vinje • Visiting Angels • Walden University • Pauline Walle • Wells Fargo Foundation • James Wignes • Chris Wolf • Vikki Wolff • Delores Wright • Steve Yaggy • Lynette
Friends of RCTC (up to $100) • Robert
Aaker Harbert • Mark Ackley • David Adams • Mike Adkins • Mo Amundson • Emily Anderson • Susan Anderson • Duke Atkinson • Ladd Baldus • Lisa Baldus • Judith Bartlett • Barbara Beck • Chris Bedney • Deborah Bendzick • Chris Benson • Lowell Berge • Corene Bernatz • Randy Blaser • Terrilynn Blodgett • Darvin Blohm • Mary Bollman • Jason Bonde • Mary Lee Bortner • Joann Boutwell • Mary Ann Boyne • Steven Burrill • David
• Mike
Butson Chaapel • Lynn Clarey • Kate Clement-Brown • Diane Closson • Kevin Condit • Rose Conway • Leonard Cronin • Zach Czapiewski • Charles Dawkins • Catherine Egenberger • Ruth Eickhoff • Nate Emerson • Kelly Engler • Marann Faget • Mary Farrell • Heidi Feldman • Amber Fiedler-Infante • Steven Flint • Kay Fockler • Brenda Frame • Monica Frytak • Thomas Gaffey • Rachel Gagliasso • Jonathan Gangl • Joyce Gibbs • Nancy Gilliland • Tim Gleason • Jooi-Tow Goh • Grad Flowers • Ted Gunnarson • Brett Gwaltney • Tim Haen • Tyler Hansen • Dera Hanson • Norbert Hanson • Julie Harris • Verlyn Heldt • David Helland • Marita Heller • Abbey Hellickson • Diane Hellie • Rosemary Hicks • Chellyne Hoeppner • Laurel Holland • Greg Holm • Janell Holter • Debbie House • Simon Huelsbeck • Paul Salsman • Arik Jarquardt • Jarrett Hanson • Shayn Jensson • Lois Jorstad • Carolyn
• Tony
Joseph Kampmeier • Judith Keller Taylor • Vicky Keller • Kristi Kiehne • Judy Kingsbury • Mike Kroening • Dennis Kronebusch • Ruth Kruse • Jesse Krusmark • Alice Laudon • Alan Lawrence • Tammy Lee • Stacey LeQuie • Tina Liebling • Thomas Liemer • Jane Lins • Julie Littlefield • Jonathan Lundeen • Mary Ellen Malkasian • Julie Maroo • Leona Martin • Amy Mayer • Nancy Mayhew • Robert Mayhew • Lois Mayou • Leslie McClellon • June Meitzner • Walter Menning • Peggy Milbrandt • Glenn Miller • Kay Morcomb • Marilyn Morem • Anne Morton • James Morton • Jean Musgjerd • Carol Naatz • Beverly Nelson • Rob Neumann • Beth Nienow • Nolting Dental Care • Northgate Chiropractic Clinic • Beverly Olander • Vi Ann Olson • Charlotte O’Sowski • David Overend • Anne Parker • Judith Pease • Betty Pfeifer • Greg Polt • Steve Prigge • Laurie Prince • Michelle Pyfferoen • Nancy
• Candace
Ramsay Foundation • Susan Reeves • Marj Reif • Jessica Roemhildt • Anthony Rostvold • Mark Samlaska • Robert Sanborn • Cherie Sanford • James Schaff • Joe Schlichenmeyer • Steve Schmall • Jean Schultz • Jeff Schwalbach • Jim Senne • Mark Severtson • Donna Shanahan • Julie Shandley • Mary Sheridan • Ruth Siefert • Adam Sikkink • Dennis Skou • Christopher Smiley • Jered Smiley • Jackie Smith • Nathan Smith • Thomas Soltau • Mary Sorum • Denise Stegall • Lynn Steiner • Joli Stejskal • Donna Stewart • Heather Stockmo • Suzanne Szucs • John Tacinelli • Elizabeth Talmo • Marilyn Theismann • Elvina Thompson • Don Tichelaar • Charlotte Timm • Marilyn Treder • Alison Trost • Julie Troutman • Sandra Tschida • Daniel Vedamuthu • Darlene Voeltz • John Wade • Connie Walsh • Pete Ward • Joyce Wenz • R. Whatley • Sue Wheeler • Shirley Wilson • Carol Yaggy • Rick Yankowiak • Razoo
2014 Annual Report | www.rctc.edu/foundation
11
2014 Honor Roll of Donors (continued) Gifts-In-Kind to Academic Programs • Carrie
Olson • Gary Lueck • Husqvarna Group • McGraw-Hill Higher Education • Bears Den • Rochester Public Utilities • Thern, Inc. • Heritage Pet Hospital
Gifts of Tribute 100th Anniversary • Marlys
Hays • Thomas Ostrom
Honoring President Supalla’s Retirement • Leonard
Cronin • Suzanne Dinusson • Renee Engelmeyer • Stephen Lehmkuhle • June Meitzner • Scott Sahs
In Memory of Mary Ruth Baldus • Anonymous • Donald
Baldus • Jooi-Tow Goh • Jenee & Kevin McGurren • Roxy & Steve Roadway • Ruth Siefert • Michael Younge
In Memory of Kay Boyum • Rose
Conway Mollberg • Shirley Wilson • Barbara
In Memory of Nancy Braatas • Don
Supalla • Kathy Conway • Daniel Conway • Jane Lins • Lois Mayou
In Memory of John (Jack) Edwards
In Memory of Kerry Nolte • Roger
and Maggie Nolte
In Memory of Nen Nguyen Ngoun • Jenee
& Kevin McGurren • Roxy & Steve Roadway
• Anonymous
In Memory of Dr. Harold Perry
• Heidi
• Chris
• Donald
Baldus Feldman • Barbara Mollberg • Marj Reif
In Memory of Betty Glock • Virginia
Boyum
In Memory of Lucille Hill • Jenee
& Kevin McGurren
In Memory of Marjorie Darnella Ivey-Olson • Jenee
& Kevin McGurren
In Memory of Andy Kingsbury • Jenee • Roxy
& Kevin McGurren & Steve Roadway
In Memory of Robert Kingsbury • Jenee
& Kevin McGurren
In Memory of Ken Makinen • Irvin
Plitzuweit • James Wignes
In Memory of Marlow Matson • Donald
Baldus • Brenda Frame • Vi Ann Olson • Marj Reif
• Anonymous
Bedney Behnken • Mary Lee Bortner • Jane Carlson • Ann Drinkwalter • Norbert Hanson • Charles Hazama • Gretchen Kersten • Ruth Kruse • Donald Layton • Leona Martin • Glenn Miller • Beverly Nelson • Donald Oliver • David Overend • Anne Parker • John Perry • Reid Perry • Thomas Roepke • James Schaff • Jean Schultz • Mary Sheridan • Soldier’s Field Veterans Memorial • Elizabeth Talmo • Alison Trost • Larry
In Memory of Clarence Scherbring • Shirley
Wilson
In Memory of Neville Schuman • Barbara
Mollberg
In Memory of Barb Schultz • Bonnie
Mercer Plitzuweit • Roxy & Steve Roadway • Ruth Siefert • Irvin
In Memory of Doris Seikkula • Barbara • Darlene
Mollberg Voeltz
In Memory of Arthur Smith • Assemblers,
Inc.
In Memory of Helen Thesing • Rosemary
Hicks Holter • Jenee & Kevin McGurren • Barbara Mollberg • Jean Musgjerd • Irvin Plitzuweit • Roxy & Steve Roadway • Shirley Wilson • Janell
In Memory of Bernice Tri • Jenee
& Kevin McGurren
In Memory of Joann Vik • Jenee
& Kevin McGurren
In Memory of Kelsey Young • Tammy
Lee
In Memory of Glenn “Bud” Ranfranz • Roxy
& Steve Roadway
The honor roll of donors is compiled by the RCTC Foundation staff. Every effort is made to ensure that this list is accurate and complete. If we have inadvertently omitted, misspelled, or otherwise improperly reported your name or gift, please contact the Rochester Community and Technical College Foundation at 851 30th Avenue SE, Rochester, MN 55904 or 507-281-7771. 12
RCTC Foundation | Opening Doors to the Future
Gifts of Tribute: appreciated for years to come The next time you are faced with searching for a way to help express your feelings, consider a Gift of Tribute that will be recognized and appreciated by others for years to come. A Gift of Tribute through the RCTC Foundation is a meaningful way to say that you care. Through a Gift of Tribute you can pay special tribute to a loving family member, friend, or colleague. Your gift can be in memory of someone who has passed away, or you may choose someone who is celebrating a birthday, anniversary, graduation, retirement, or other milestone. You will receive a prompt acknowledgement of your generosity and the Foundation will notify the honored person or family of your kind act but will not disclose the amount of your donation. A gift given in the name of another is a fitting, personal way to honor the memory or successes of a loved one, or mark other milestones in life and reflects a unique loyalty and caring respect. More importantly, it communicates to the world the honoree’s positive impact on others, particularly those who choose to remember them through giving to others.
Donors don’t give to institutions. They invest in ideas and people in whom they believe. – G.T. Smith
How It Works: There is no finer way to honor the memory of a loved one, celebrate a special event in the life of someone close to you, or show your appreciation for the ways in which individuals have enhanced the quality of your life than to provide for the needs of others on their behalf. Honorarium and Memorial gifts not only provide a unique way to express your feelings to others but also benefit RCTC students and programs.
Honorarium Gifts: Gifts to the RCTC Foundation can be designated in honor of a specific person or event in your life. If someone helped transform your life, then making a gift in their honor is a great way to show your appreciation. Whether it be family, friends, faculty members, coaches or co-workers, these special gifts provide an opportunity to remember or pay tribute to individuals, as well as recognize special occasions such as birthdays, graduation, anniversaries, or holidays. Be sure to indicate the full name and address of the person you wish to honor at the time of your gift, and the Foundation will notify them of your kindness with an official gift acknowledgement*. The gift amount remains confidential unless otherwise noted, and a separate receipt is sent to the donor.
Memorial Gifts: Gifts to the RCTC Foundation can also be given in memory of a person who has transformed the life of a donor. Memorial gifts are a beautiful and loving way to pay special tribute to a loved one or colleague. Please indicate the full name and address of the person and who you would like us to notify of your gift*. If the person you are memorializing is deceased, please include the name and address of the family. The gift amount remains confidential unless otherwise noted, and a separate receipt is sent to the donor. If you are handling the arrangements for a deceased loved one, important information to include: In lieu of flowers, memorial gifts can be made to the Rochester Community and Technical College Foundation | 851 30th Avenue SE | Rochester, MN 55904 The RCTC Foundation is a 501(c)3 non-profit, charitable organization and all gifts are tax deductible to the extent provided by law. Honorarium and Memorial donations will be credited to unrestricted giving unless otherwise noted and will benefit the RCTC Foundation's mission to continue providing accessible education and opening doors for those who might not otherwise have the resources to pursue higher education. The RCTC Foundation Board of Directors is deeply grateful to those who have chosen to remember a loved one or special friend by creating a continuing benefit for the educational mission of the college. For more information about Honorarium and Memorial gifts or to establish a perpetual, endowed memorial, please contact the Foundation Office at 507-281-7771. * If the donor wishes to include an official gift acknowledgement with their own card, please contact the Foundation with your request. 2014 Annual Report | www.rctc.edu/foundation
13
2014 Statistics & Scholarships Student Demographics
New Scholarships
• 61% of RCTC students are female, and 39% are male.
John and Sandra MacLaughlin MN Dream Scholarship –
• Approximately 7% of RCTC students are under age 18, 44% are age 18-21, 28% are between 22 and 30, and the remaining 21% are over 30 years old. • 77% of students identify as caucasian, and 23% are non-caucasian or unspecified.
Established by John and Sandra MacLaughlin, the recipient of this scholarship must be an undocumented citizen who is planning to or is currently attending RCTC. The GPA requirement is 2.5 and funds are to pay for tuition, books, and college fees.
• Nearly 80% of RCTC students come from Rochester or the surrounding area.
Surgical Technology Scholarship – This scholarship was
Academic Statistics • 57% of students are enrolled at full-time status, while 43% are part-time. • The 10 most common student majors are: Liberal Arts & Sciences, Nursing, Health Information Technology, Surgical Technology, Practical Nursing, Business Administration/Management, Nursing Assistant, Building Utilities Mechanic, Law Enforcement, and Dental Hygiene. • In the 2013/2014 academic year, 325 students graduated with Associate in Science Degrees, 257 with Associate in Applied Science Degrees, 376 with Associate in Arts Degrees, 7 with Associate in Fine Arts Degrees, 217 students were awarded a certificate, and 193 were awarded a diploma. • Over 193 students graduated from technical programs which included Administrative Assistant, Automobile Mechanics, Building Utilities Mechanics, Carpentry, Child/Youth/Family Studies, Dental Assistant, Human Services Technician, and Law Enforcement.
Scholarship and Financial Aid Statistics • Over $275,000 in scholarships and programming support was awarded for the 2013/2014 school year. Awards ranged from $100 - $3,000, with $1,000 being the most common award amount. • 517 students applied for scholarships for the 2013/2014 academic year. Of these, 104 were non-traditional students; 55 were single, custodial parents; and 83 were immigrants, spouse of an immigrant, or firstgeneration American students. • 239 students were awarded with scholarships, and 26 of these students were awarded more than one scholarship. • For the Fiscal Year 2014, 5,467 students were awarded some type of financial aid funding.
14
RCTC Foundation | Opening Doors to the Future
established by Eileen Zirbel, RCTC Surgical Technology instructor, to fund a student enrolled in the second year of the Surgical Technology program. The recipient must have financial need, a GPA above 2.5, and be from Rochester or one of the surrounding communities. The funds are to be used for tuition, hospital fees, or books.
Leroy Prince Scholarship – This scholarship was established
by Lisa Baldus in memory of her father, Leroy Prince, who had to work physically hard his whole life, even as a young child, and knew the value of a dollar as well as the importance of an education. The scholarship will be awarded to a female student in her second year at RCTC pursuing a nursing degree with a GPA above 2.0. The recipient must currently work 20 plus hours a week in a nursing home or in the medical field to provide for her own education, previously worked her junior and senior year of high school, has financial need (not based on FAFSA) determined by her effort to provide for herself, participated in volunteer activities, graduated from high school in the last three years, and grew up in Southeastern Minnesota.
RCTC Family Heritage Scholarship – the RCTC Family Heritage Scholarship was established by Roxy Roadway, Earl Drenckhahn, Allan O’Bryan, and Scott Krook, who believe that RCTC employees are part of the lifeblood of the College and work hard to advocate and support RCTC in matters that ultimately benefit RCTC students. To honor their commitment to higher education, scholarships will be awarded to children, grandchildren, nieces, nephews, or other ancestors of RCTC employees (past and present). Financial need is not considered and applicants must submit a personal essay describing how RCTC played a role in their family life and how RCTC plays a role in the community. Through the generosity of current and past employees, it is anticipated that the first scholarship will be available in the 2015/16 academic year as part of RCTC’s Centennial Celebration.
RCTC Foundation: financial report Highlights for fiscal year ended June 30, 2014 Donations to RCTC Foundation: During Fiscal Year 2014 donors generously gave $226,000 in scholarship and general contributions, including $138,734 in-kind donations. Disbursements: The Foundation made 239 scholarship disbursements totaling $275,451 to help support students pursuing their academic goals. The Foundation also provided $143,000 in support of the Regional Stadium bubble.
Net assets increased approximately $712,000 as a result of investment return and contributions. Investment gains in FYE 2014 approximately $634,000 compared to $397,000 in FYE 2013. Beat the Odds totaled $40,524 net of expenses and scholarships totaling approximately $15,900.
Performance of the Portfolio: The RCTC Foundation Endowment Investment Portfolio balances increased approximately $766,000 from 6/30/13 to 6/30/14 as a result of market gain of $634,000 and decreased allocation to money market funds.
$ AMOUNT IN Thousands
Total Value of the RCTC Foundation Investment Portfolio through June 30, 2014 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
YEARS
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2014 Annual Report | www.rctc.edu/foundation
15
Rochester Community and Technical College Foundation Consolidated Statement of Financial Position for years ending June 30, 2014 and June 30, 2013 TOTAL ASSETS 2014 2013 Cash and cash equivalents $ 20,297 $ 328,271 Money market funds 34,804 198,311 Contributions and pledges receivable, net 87,217 74,131 Investments 4,359,468 3,736,192 Equipment, net 467 Other assets 16,701 15,562 TOTAL ASSETS $ 4,698,487 $ 4,352,934 LIABILITIES AND NET ASSETS Current liabilities Accounts payable $ 45,495 $ Current maturities of long-term debt Funds held for the benefit of others 11,725 Accrued interest Long-term liabilities Total Liabilities $ 57,220 $ Net Assets Unrestricted Temporary restricted Permanently restricted Total Net Assets TOTAL LIABILITIES AND NET ASSETS
42,552 126,661 1,212 253,322 423,747
$
113,310 $ 1,668,330 2,859,627 $ 4,641,267 $
(75,644) 1,201,039 2,803,792 3,929,187
$ 4,698,487
4,352,934
Statement of Activities for the years ending June 30, 2014 and June 30, 2013 Revenues, Support, Gains and Losses 2014 2013 Contributions $ 226,244 $ 353,282 Contributions in-kind 138,734 151,705 Contributions – stadium campaign 142,888 14,200 Special event and other revenue 122,185 106,249 Financing income 3,161 9,933 Investment income 633,848 396,927 Change in value of split-interest agreement 1,086 869 Total Revenues, Support, Gains and Losses $ 1,268,146 $ 1,033,165 Expenses Program General and administrative Fundraising Total Expenses
$
$
286,089 $ 126,493 143,484 556,066 $
289,114 129,470 131,591 550,175
Change in net assets
$
712,080
$
482,990
Net assets, beginning of year
$
3,929,187
$
3,446,197
Net assets, end of year
$
4,641,267
$
3,929,187
This is a condensed summary of the 2013/2014 end-of-year Financial Statements which were subject to annual audit by our independent accounting firm. Full copies of the 2013/2014 year-end Financial Statements are available in the RCTC Foundation Office.
16
RCTC Foundation | Opening Doors to the Future
Upcoming Events June 12, 2015
Yellowjacket Golf Classic Willow Creek Golf Course September 12, 2015
RCTC Homecoming
Regional Stadium and Sports Center September 17, 2015
RCTC Founder’s Day Program Regional Sports Center September 18, 2015
RCTC Centennial Scholarship Gala Rochester International Event Center September 19, 2015
RCTC Family, Friends, and Community Appreciation Day
Rochester Community and Technical College Campus September 19, 2015
RCTC Centennial Car Show
Rochester Community and Technical College Campus September 19, 2015
RCTC Centennial Football Game Regional Stadium
January 14, 2016
Beat the Odds Scholarship Awards Rochester International Event Center March 2016
Women in Leadership
Rochester Community and Technical College Campus June 4, 2016
RCTC Navy Gold Fun Run
Rochester Community and Technical College Campus
851 30th Avenue SE | Rochester MN 55904 | Phone: 507.281.7771 | Fax: 507.280.2970 E-mail: foundation@rctc.edu | www.rctc.edu/foundation
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RCTC is a member of the Minnesota State Colleges and Universities system and an equal opportunity employer/educator.