2014-2015

I V Y T E C H F O U N D A T I O N

A N N U A L R E P O R T

G R A D U A T E D M A Y 2 0 1 5I N D I A N A P O L I S

Thanks to YOU, it was another record breaking year of support from our donors. Thanks to YOU, we

witnessed our students grow, awarded a record number of scholarships ($3,405,518), watched our alumni

achieve careers in various industries, and applauded our faculty and staff for being leaders in higher

education.

The relationship we have with donors like you is a true partnership that shares a common goal. Your

support is evidence of your belief in the College’s mission to build communities and invest in our students,

faculty and programs so that together, we can make Indiana a great place to live and work.

We are confident that in the coming year, you will continue to challenge us to fulfill our mission and

inspire us to do even more.

We are humbled by the generous support you show for sharing our vision. You are the cornerstone of our

core values. Without everything you do, we could not do what we do. Thank you for making this another

outstanding year!

John M. MurphyPRESIDENT, IVY TECH FOUNDATION

SR. VICE PRESIDENT, IVY TECH

COMMUNITY COLLEGE

David M. Findlay CHAIRPERSON

IVY TECH FOUNDATION

BOARD OF DIRECTORS

I V Y T E C H F O U N D A T I O N M I S S I O NWe partner with donors to invest in Ivy Tech Community College of Indiana students, faculty, and

programs to build stronger communities and a better Indiana.

I V Y T E C H C O M M U N I T Y C O L L E G E M I S S I O NIvy Tech Community College prepares Indiana residents to learn, live, and work in a diverse and globally

competitive environment by delivering professional, technical, transfer, and lifelong education. Through

its affordable, open-access education and training programs, the College enhances the development of

Indiana’s citizens and communities and strengthens its economy.

V I S I O NChanging Lives

Making Indiana Great

C O R E V A L U E SW E V A L U E , R E S P E C T, A N D P R O M O T E . . .

• Excellence • Integrity

• A student-centered environment • Community engagement

• A faculty/staff-focused environment • Innovation

M E E T T H E I V Y T E C H F O U N D A T I O N B E N E F A C T O R S !Our goal is to partner with donors who embrace our mission to invest in Ivy Tech Community College

students, faculty and programs in order to build stronger communities and a better Indiana.

Our 2015 Benefactors represent every Ivy Tech region within the state of Indiana. They have demonstrated that in all of the communities the College serves, there are generous individuals who are passionate about Ivy Tech’s mission. Without their hard work, dedication

and vision, our work simply would not be possible.

Thanks to our generous donors, the College can provide opportunities for our students, such as scholarships to help with degree completion; financial aid for books; networking opportunities with

community groups; internships; travel within and outside of the U.S. for various programs; and renovate and purchase new buildings for our students and the communities we call home.

It is our pleasure to honor our 2015 Benefactors of the Year. The entire Ivy Tech family applauds each of you for your compassion and vision for a better Indiana.

Your selfless actions are contagious. We are honored to call you our friends.

Thank you for your partnership!

K O S C I U S K O C O U N T Y C O M M U N I T Y F O U N D A T I O N

NORTH CENTRAL

Kosciusko County Community Foundation is a valued community partner. The foundation worked collaboratively with the

Warsaw campus to address the gap between scholarship funds and unmet student financial needs. The result was the creation of the

McDonald Memorial Rapid Response Scholarship Fund.

Ivy Tech values its relationship with the Community Foundation and appreciates its efforts in establishing the McDonald Scholarship.

These funds will allow greater opportunities for our nontraditional students to attain their educational goals.

B P A M E R I C A I N C .NORTHWEST REGION

BP’s commitment to the United States dates back nearly 150 years, as the company led the way in helping to meet the energy needs of America and the world. For the last 10 years BP America Inc. has been a friend of Ivy Tech Community College, donating more than $450,000 for our specialized programs, particularly Process Operations. BP employees have also volunteered their time to serve on advisory boards, teach classes and mentor students.

The partnership between the BP Foundation and Ivy Tech is helping to improve Northwest Indiana by training nearly 500 students in the Process Operations program. This collaboration is recognized as one of the best in East Chicago.

A V I S F O U N D A T I O N I N C .EAST CENTRAL

The Avis Foundation was created by the owners of Avis Industrial Corporation located in Upland, Indiana, to address local needs in the areas of education,

youth development, human services, and health. The Avis Foundation has been tremendous advocates for students throughout their educational journey.

Members of the Avis Foundation team have invested their time, talent and financial support in people and organizations. They have been a major advocate for education, actively

supporting and engaging with colleges and universities like Ivy Tech Community College, Taylor University and Ball State University (just to name a few). At Ivy Tech, they have been

known to serve as guest lecturers, advocates for students in developing their business and leadership skills and counsel to deans and other college leaders. Most recently, their active support for the new Anderson Campus has resulted in a very successful campaign, joining

college leaders in making leadership level “asks” and encouraging others to give.

R I T A J A C K S O NKOKOMO REGION

Rita Jackson was a 10-year employee of the college, first as a faculty member and then as an administrator. She saw firsthand the impact that financial assistance had on the ability of students to achieve their educational goals. She became an Ivy Tech donor and endowed two scholarships, one in memory of her mother and sister – the Louise Jackson and Karen Jackson-Blue Memorial Scholarship Fund – and the most recent honoring her grandparents – the Grace and Oliver Brunson Memorial Scholarship. Rita is an active volunteer serving on the Ivy Tech Miami County scholarship fundraising committee and is an ambassador throughout the Kokomo region.

C L I N T O N C O U N T Y C O M M U N I T Y F O U N D A T I O NLAFAYETTE

Clinton County Community Foundation – particularly board chair Alan Dunn and Foundation president Hilda Bruns – have been instrumental

in successful fundraising for the Ivy Tech-Frankfort campus. Dunn serves on the steering committee that oversees the Frankfort site,

providing strong leadership to bring together residents and local businesses to benefit the county. In addition, the foundation matched

all gifts of $1,000 or greater.

Students in Frankfort, Clinton County and surrounding areas now have more convenient access to the quality education provided by Ivy

Tech. This is part of Frankfort’s overall strategy of promoting economic development and attracting new businesses to the area.

R O N A N D M A R Y B O N A RNORTHEAST REGION

Ron and Mary Bonar have been longtime advocates and faithful friends of Ivy Tech with generous donations of their time and financial support.

Along with pledging a planned gift, the couple’s endowed scholarship, the Ron and Mary Bonar Endowed Scholarship, has benefited many non-traditional, women, and minority students facing financial challenges in their pursuit of an undergraduate degree in Allen County.

F A R M C R E D I T M I D - A M E R I C ACOLUMBUS

Farm Credit Mid-America is a strong supporter of Ivy Tech’s agriculture program,specifically in the Columbus, Richmond, Kokomo, Lafayette, Fort Wayne, Terre Haute

and Muncie regions. For example, Columbus is using funds to purchase precision agriculture equipment to add to their Kubota project. The initial Farm Credit gift has also been a catalyst for another major gift that is coming through the Lafayette campus—establishing endowed ag scholarships

at the seven Ivy Tech campuses that have ag programs.

The company also has provided their employees as guest speakers and presenters to Ivy Tech faculty and students, as well as hiring Ivy Tech graduates and providing internships.

R I C H A R D A N D S H E R R Y K I R S C H N E RRICHMOND

The Kirschners created the Second Chance Education Fund to provide financial assistance to students who don’t graduate from high school in a traditional manner or timeframe. With help from the fund, these individuals are able to pursue certificate training at Ivy Tech and achieve greater workplace skills.

The couple’s vision to increase college enrollment also led to a gift that funds a full-time employee at the Richmond campus to focus solely on recruiting Wayne County residents. The Kirschners’ generous gift and creative thinking allow many students at the Richmond campus to benefit.

M A R I A N N E G L I C K & M I C H A E L W O O D SCENTRAL

Marianne Glick and Michael Woods’ involvement with Ivy Tech is one example of their deep commitment to the

community and to philanthropy in Indianapolis.

Marianne Glick and her family have a long history of support for the Ivy Tech Foundation, which began

with her parents, Eugene and Marilyn Glick.

The couple’s long list of volunteer work in the community includes United Way, Girl Scouts, the Metropolitan Indianapolis Board of

Realtors Foundation and TeenWorks, a program started by Eugene Glick in 1981. TeenWorks provides summer jobs and college readiness

programming for teens, leading to increased self-confidence and a realization that college and career success are possible.

J O H N W I L L I A M “ J A C K ” R A G L EWABASH VALLEY

Jack Ragle leads by example in his volunteer efforts. His willingness to call on donors and friends for support help provide the Wabash Valley with resources that otherwise would be difficult to secure. His many community relationships have led to immeasurable contributions to the college.

In particular, Jack is a tireless supporter of the Wabash Valley Region’s campaign for animal welfare and education. He provides guidance, encourages friends to contribute and has led efforts to guarantee that the partnership between Ivy Tech and the Terre Haute Humane Society reaches its full potential. His philanthropic spirit and leadership have touched countless lives in our community.

I U C R E D I T U N I O NBLOOMINGTON

The IU Credit Union is passionate about the communities it serves, particularly in the area of education. For nearly 30 years this

member-owned institution has served as a leader in responding both generously and immediately to the capital, sponsorship and

scholarship needs of the Ivy Tech-Bloomington campus.

IUCU’s unwavering support has not only enriched the college and the communities it serves, but

also helped generations of students pursue their dreams of a post-secondary education.

C L A R K M E M O R I A L H O S P I T A LSOUTHERN INDIANA

Clark Memorial Hospital has been a champion for Ivy Tech Community College for the last 23 years. The hospital has an endowed fund at the local community foundation to support Ivy Tech scholarships, and it has been instrumental in creating partnerships and forging relationships with other healthcare institutions.

Martin Padgett, CEO and President of Clark Memorial Hospital, works closely with Ivy Tech to ensure that health science students have access to the most advanced technology and up-to-date curriculum so they acquire the critical skills and competencies they need to be successful in today’s healthcare environment.

H O L LY D ’ A M O U RSOUTHWEST

As an enthusiastic supporter and former regional trustee and Foundation board member, Holly D’Amour has worked diligently to raise community awareness of Ivy Tech, to educate and engage

prospective donors, and to advise the College and the Foundation.

Among her other volunteer roles at Ivy Tech, Holly co-chaired the regional Changing Lives Major Gifts campaign and was committed

to ensuring its success. Thanks to her leadership, the campaign surpassed its goal of $4.5 million by more than $2 million.

Holly’s generosity and personal philanthropy have provided countless benefits to students, faculty and staff.

B A T E S V I L L E C O M M U N I T Y S C H O O L C O R P O R A T I O NSOUTHEAST

Dr. Jim Roberts and the Batesville Board of School Trustees have been instrumental in the successful development of educational opportunities at Batesville High School. Two of these are the dual enrollment and dual credit partnerships with Ivy Tech.

This partnership spans more than 30 years, beginning with just a few courses at Batesville High School. Today the partnership continues and is stronger than ever. There are 14 dual credit courses offered at the high school at no cost to students. Some 160 students are currently taking dual enrollment classes at the Batesville Ivy Tech campus, earning over 900 transferable college credit hours.

Batesville Community School Corporation continues to be a leader in preparing students for successful futures by linking them to innovative educational opportunities beyond their high school careers.

F I N A N C I A L O V E R V I E W FOR THE FISCAL YEAR ENDED JUNE 30, 2014

F I N A N C I A L O V E R V I E W FOR THE FISCAL YEAR ENDED JUNE 30, 2014

Expendable Revenue

Expendable Contributions

Investment Income

Real Estate Income

In-Kind contributed operational services

Vending and Royalties

Special Events (net of expenses)

Miscellaneous

Total Expendable Revenue

Contributions to Endowed Accounts

Total Revenue, Gains, and Support

Total Charitable Contributions

Expenses

Financial Aid to Students

Equipment & Technology

Faculty & Employee Training & Recognition

Grant-funded Initiatives

Community Outreach & Promotion

Special Assistance to Ivy Tech Community College

Real Estate Donated to Ivy Tech Community College

Real Estate Expenses

Charitable Annuity Obligations

Administrative Costs

Fundraising Costs

Total Expenses

Excess of Revenues over Expenses

$ 14,433,236

1,203,183

3,342,190

3,191,521

892,647

438,718

(28,399)

$ 23,473,096

4,408,047

$ 27,881,143

$ 18,841,283

$3,405,518

4,651,303

299,300

2,588,773

1,375,019

303,927

2,784,261

6,106,675

9,462

1,410,903

2,872,972

$ 25,808,113

$ 2,073,030

54,598,427

73,190,646

23,510,509

17,528,409

7,526,187

$ 176,354,178

$ 75,350,475

$ 30,958,791

3.5%

25.6%

23.1%

15.2%

32.6%

7.0%

21.7%

23.6%

3.1%

17.3%

13.1%

14.1%

Assets and Fund Balances

Cash and Investments (at fair market value)

Property & Equipment

Loan Receivable

Pledge Receivables

Prepaid Expenses and Other Assets

Total Assets

Expendable Fund Balance

Non-Expendable Fund Balance

Sources of Contributions

Employees

Planned and deferred gifts

Individuals

Foundations and organizations

Corporations

Uses of Contributions

Outreach

Administration and fundraising

Instructional equipment and technology

Other College Services

Financial aid

Grant-funded programs

Real estate donated to the College

E X E C U T I V E C O M M I T T E E CHAIR DAVID M. FINDLAY Lake City Bank Warsaw FIRST VICE CHAIR KEVIN M. AHAUS Ahaus Tool & Engineering Richmond SECRETARY

MICHAEL M. HARMLESS Crowe Horwath LLC Indianapolis PHILIP B. ROBY Retired The National Bank of Indianapolis Indianapolis

PRESIDENT

THOMAS J. SNYDER President, Ivy Tech Community College Anderson PRESIDENT FOUNDATION

JOHN M. MURPHY Ivy Tech Community College Carmel TREASURER

PATRICK R. RALSTON First Financial Bank, N.A. Terre Haute TERRY W. ANKER The Anker Consulting Group Carmel

RONALD K. FAUQUHER Ontario Systems, LLC Muncie RICHARD L. VONDERHAAR David A. Noyes & Co. Indianapolis

D I R E C T O R S

D I R E C T O R SJAMES AULT Retired General Motors Anderson

TOM AUSTERMAN Commerce Bank Evansville

KEN BAKER Wabash Valley

PHIL BANE Bane Welker Equipment Crawfordsville

TERRY L. BOWEN The Bowen Foundation, Inc. Indianapolis

JESSE R. BRAND Brands Inc. Columbus

CATHRYN H. BRODERICK Community Volunteer Indianapolis

JOHN R. BROOKS Brooks Construction Company, Inc. Fort Wayne

DONALD E. BROWN II San Diego Chargers

W. QUINN BUCKNER Pacers Sports & Entertainment Indianapolis

LORENE M. BURKHART Burkhart Network LLC Indianapolis

MAJOR GENERAL GEORGE A. BUSKIRK, JR. Financial Advisor Indianapolis

STEVE M. CHAMPLIN Entreprenuer Carmel

LEX CURRY Wells Fargo Insurance Services Indianapolis

STEPHEN DAILY Retired Ivy Tech Community College Russiaville

CONNIE FERGUSON CS Property Mgmt.Bloomington

CHARLES J. GARCIA Garcia Construction Group, Inc. Indianapolis

LARRY GARATONI HQ Investments Warsaw

PATRICK GLOTZBACH New Washington State Bank New Washington

WILLIAM R. GOINS Retired Visteon Rushville

DAVID R. GOODMAN, JR. Madison Chemical Company, Inc. Madison

JAMES GOTHARD Paradigm Consulting, Inc. Lafayette

WILLIAM R. GUTZWILLER Bruns-Gutzwiller, Inc. Batesville

MARK F. HAGERMAN Hagerman Construction, Inc. Fort Wayne

BRYANT R. HANSON Retired Floyd Memorial Hospital Floyds Knobs

GREGORY HARBISON Parke County Learning Center, Inc. Rockville

JAMES HELMS Retired Ivy Tech Community College West Harrison

CATHERINE POPP HOFFMAN Attorney at Law Indianapolis

ALBERT G. HUNTINGTON Former Mayor Madison

J. MICHAEL JARVIS Jarivs Enterprises, Inc. Franklin

MICHAEL O. LUNSFORD Coldwell Banker Muncie

MARK T. MAASSEL Northwest Indiana Forum, Inc. Portage

LEE J. MARCHANT LJM Enterprises, Inc. Bloomington

JAMES C. MARCUCCILLI Star Financial Bank Fort Wayne

JAMES A. MERTEN City Securities Corporation Indianapolis

ANTHONY J. MORAVEC Blairex Laboratories, Inc. Columbus

DAVID MURRAY National Center for College Costs Greencastle

JAMES ORBIK Nautic Global Group Syracuse

ISABELA OZDEMIR Interior Design Consulting Indianapolis

PAUL PERKINS Amatrol, Inc. Jeffersonville

LU B. PORTER Evansville African American Musuem Evansville

MAMON POWERS III Powers & Sons Construction Co., Inc. Gary

GREG RANGER TriMedx Foundation Indianapolis

GERALD A. RICHARDSON Retired The Anson Group Carmel

WILLIAM F. RITZMANN United Community Bank Lawrenceburg

STEVEN R. SCHRECKENGAST Citation Homes, Inc. Lafayette

A. H. SCHUMAKER II Coca-Cola Bottling Company Columbus

STEPHEN R. STEIN, M.D. Argresta, Storms, & O’Leary Batesville

GREGG A. THARP PH.D Eli Lilly and Company Carmel

THOMAS TRAURING BUTTON McGarvey, Trauring, Wilson & Oaks Kokomo

DARRELL (GENE) E. ZINK Zink Family Foundation Inc. Indianapolis

ANNUAL REPORT 2014-15