IVY TECH FOUNDATION€¦ · to create quality, affordable, livable housing for everyone. Since then...
Transcript of IVY TECH FOUNDATION€¦ · to create quality, affordable, livable housing for everyone. Since then...
CHANGINGLIVES
IVY TECH FOUNDATION
Annual Report2004 – 2005
Dear friends,
With 23 campuses strategically placed where students
live and work, Ivy Tech Community College has long
been Indiana's "hometown" college. During the 2005
session the Indiana General Assembly singled out Ivy
Tech for a bold and unique assignment — to be the
primary instrument for workforce development in the
state. We at Ivy Tech are leaders in the effort to raise
the educational attainment levels of citizens in Indiana.
This is a critically important task for the future of our
state. No other organization, educational, public or
private, is as poised to change the lives of Hoosiers and
help our state on its economic recovery as Ivy Tech
Community College of Indiana.
Ivy Tech’s strength has always been its capacity
to grow and change. But that capacity comes at a
price. With the past decade’s astonishing student
enrollment growth, campuses are strained to the
bursting point. Needs for space, technology and faculty
are all growing more rapidly than the College’s state
funding and student fees can support. Generous-hearted
donors make the difference, through their investment
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
We partner with donors to investin Ivy Tech Community Collegestudents, faculty, and programsto build stronger communities anda better Indiana.
As a statewide, open-access,community college, Ivy TechCommunity College providesresidents of Indiana with pro-fessional, technical, transfer,and lifelong education for successful careers, personaldevelopment, and citizenship.Through its affordable, qualityeducation programs and services, the College strengthensIndiana’s economy and enhancesits cultural development.
IVY TECHFOUNDATION
IVY TECHCOMMUNITYCOLLEGE
Project manager, writer and editor: JOAN K. BOYER, CFRE, Director of Donor RelationsDesign and Layout: DAVE LEFFERTPhotographer: DON DISTELWriter: PAT PICKETT
2 0 0 4 – 2 0 0 5
in students and programs. The payback is great –
students realize their dreams of better jobs and better
lives and become shining examples for others and, at
the same time, Ivy Tech is meeting our communities’
needs for nurses, technicians, and business leaders.
This has been an outstanding year for charitable
giving. Under the extraordinary leadership of our
Board Chair, Mark Hagerman, more than $22 million
in private gifts has already been put to work helping
Indiana grow and prosper. Mark has been an incredible
force in his two years as Chair, and leaves a lasting
legacy of volunteer leadership and commitment.
I cannot convey the full measure of my gratitude
to our caring donors. I am simply proud to share, in
this report, a few stories that reflect what their support
means for our students. Thank you for being part of
Ivy Tech’s exciting evolution as the state’s community-
focused workforce development solution. Hang on – next
year promises to be even more exciting!
Jerry Lamkin, President
MarkF. Hagerman
Gerald I.Lamkin
I am gratified to see the overwhelming increase in
charitable contributions to Ivy Tech Foundation and to see
those gifts result in life-changing educational opportunities
for Ivy Tech students. There is true power in giving.
– Mark Hagerman
Chairperson, Ivy Tech Foundation Board of Directors President, Hagerman Construction Company
Gerald Lamkin President, Ivy Tech Foundation Board of DirectorsPresident, Ivy Tech Community College
“ “
Long before she was a member of the Evansville
Regional Advisory Committee for Ivy Tech, Linda White
knew the importance of the College. As the CEO of
Deaconess Hospital, Linda has always been dedicated
to putting well-trained nurses in positions to best care
for patients. The nursing shortage of the last decade
had made that hard to do.
A solution came through a relationship with Ivy
Tech. Deaconess Hospital already was the largest
employer of Ivy Tech Evansville’s nursing grads, but
more nurses were needed. With the hospital’s support,
the campus added a second-start nursing program to
help relieve the shortage. Deaconess established an
annual nursing scholarship fund and provided Ivy Tech
with the Deaconess Hospital Classroom and the
Deaconess Surgery Lab.
The hospital’s contribution to Ivy Tech Evansville’s
capital campaign further enhanced the campus’s ability to
train nurses and technicians who would work at Deaconess.
“Linda sets the bar in this community for
supporting nonprofit organizations,” said Dan Schenk,
chancellor. “We are very lucky to have her as part
of our team.”
Deaconess Hospital could not exist without Ivy
Tech. The College is just that critical in providing the
hospital with high-quality nurses and other key patient
care staff.
– Linda White CEO, Deaconess Hospital
Linda White
“ “
SOUTHWEST REGIONEvansville
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
Martha Hartstern might never have become a nurse.
Wanting to enroll at Kentucky Baptist Hospital School of
Nursing 40 years ago, she didn’t have enough money
for tuition. “I wouldn’t be here without scholarships,” she
said. “I got into school with a scholarship, and worked
my way through the rest of the three-year program.”
That experience made Martha realize how hard
it is to pay for everyday expenses and pay for college,
too. When she had the opportunity to help others, she
established a scholarship through the Community
Foundation of Southern Indiana that helps cover the
cost of textbooks for non-traditional students with
financial need studying nursing at Ivy Tech. “Nursing
texts are very expensive,” she said. “There are other
sources of financial aid for tuition, but not for books.”
“Many non-traditional students don’t know about
scholarship opportunities when they return to college,”
Martha said. “I hope these scholarships help someone
who has to work while attending school.”
MarthaHartstern
SELLERSBURG REGIONSellersburg
It‘s a dream come true for me to be able to give
back – to give another individual an opportunity they
might not otherwise have had.
– Martha Hartstern, RN Southern Indiana Endoscopy
“ “
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Eight years ago, a group of women founded Speaking
of Women’s Health, a day-long conference dedicated
to educating women to make informed decisions about
their health, well-being and personal safety.
Hanover, Indiana is the smallest town to host the
event, but it has made a big impact on Ivy Tech. Through
its Community Investment program, a scholarship fund
was established for Ivy Tech nursing students at the
neighboring Madison campus.
“One of our goals is to keep the spirit of the
conference alive throughout the year in the Madison
area,” said Chairperson Carrie Dirksen. “We carefully
select community organizations and programs that are
making a difference locally year round. Ivy Tech and its
nursing program epitomize that type of organization.”
Missy Distel is an example of an Ivy Tech
education making a difference. “I’m helping patients
every day,” she said. “Scholarships funded through
Speaking of Women’s Health will give others the
same opportunity.”
Speaking of Women's Health is about saving lives
through education. By supporting nursing scholarships
at Ivy Tech, we help to ensure that the best quality
nurses are available to serve our community.
– Carrie Dirksen Chair, Speaking of Women’s Health
Missy Distel, RNOffice of Gil Weizer, MD and Ivy Tech Graduate
Carrie Dirksen
and Missy Distel
“ “
SOUTHEAST REGIONMadison–Lawrenceburg
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
When Sharon Snyders received her bachelor’s degree
in management from Purdue, she took a pretty typical
career path, working in an office of a local airline.
Suddenly, an opportunity to teach a Junior Achievement
class changed her life.
“From that moment, I was hooked on teaching,”
said Sharon. “It opened the door to a career in education.”
An initial job teaching developmental reading
allowed Sharon to connect with students who, like her,
were first-generation college students working full time,
managing a family, and pursuing their educational goals.
While teaching, Sharon continued her own
education, earning both master’s and doctoral degrees.
“It was wonderful to watch her enthusiasm and expertise
grow as she took courses, incorporated the theory into
her teaching practice, and became so enamored of the
subject area that she pursued a doctoral degree,” said
Barbara Prater, General Education division chair.
Sharon now helps students raise their language
skills up to college standards and is known for
incorporating new ideas into her courses to give students
with different learning styles their best chance to
succeed. Her belief in her students inspires them to
believe and trust in themselves.
SharonSnyders
LAFAYETTE REGIONLafayette
Life does not stand still while we
pursue our goals.
– Sharon Snyders Chair, Academic Skills Advancement ProgramIvy Tech, Lafayette
Recipient, 2005 Glenn W. Sample Award for Excellence in Instruction
“
“
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Patrick Klinger’s graduation from Ivy Tech this December
will be an achievement long in the making. After high
school he served in the Army as a military policeman
in Alabama and Germany. He worked for 10 years
in golf-course maintenance, then at a heating and
air-conditioning firm.
Now, at age 38, the proud father of a 10-year-old
and the first in his family to attend college, Patrick is
focused on success as a student. His GPA of 3.94 earned
him membership in Phi Theta Kappa, an international
honor society, where he serves as an officer. A Zollner
Foundation scholarship helped him meet the first of
his current goals: completing his Associate of Applied
Science degree in Construction Technology.
Next he plans to complete a bachelor’s degree in
Construction Technology at Texas A & M in preparation
for starting his own heating, ventilation and air condi-
tioning company. “Ivy Tech has been a life-altering
opportunity for me. I had never truly applied myself
before,” said Patrick.
Not forgetting his working-class roots, Patrick
also plans to begin buying and refurbishing homes to
resell at an affordable price, making a difference for
others as Ivy Tech has made a difference for him.
Ivy Tech has given me a chance to make
something of myself.
– Patrick Klinger Zollner Foundation Scholarship Recipient
Patrick Klinger
“
“
NORTHEAST REGIONFort Wayne
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
In 1947 Gene and Marilyn Glick set out on a mission
to create quality, affordable, livable housing for
everyone. Since then their company has built more
than 19,000 apartments in 11 states. Through their
philanthropy, the Glicks have helped to build far more
– strong communities with opportunities for people
of all means to fulfill their dreams.
With a gift to enhance Ivy Tech’s Indianapolis
campus, Gene and Marilyn are building again – but
this time they’re building futures, not homes. Their
$1 million gift is providing the foundation for an
empowered workforce and a strong economy for our
state. To show its appreciation, Ivy Tech has renamed
the building the Eugene and Marilyn Glick Family
Technology Center.
“We are honored that the Glick family chose to
entrust this legacy to Ivy Tech,” said Carol D’Amico,
executive vice president, Ivy Tech Community College.
“Within the building that now bears the Glicks’
name, countless students will learn, grow, and discover
as they gain the knowledge they need to succeed in
the next phase of their lives, whether it is continued
education or a good job.”
Eugene and
MarilynGlick
CENTRAL INDIANA REGIONIndianapolis
As a builder and developer, I know the value of
a workforce well trained in technical as well as
professional disciplines. Marilyn and I are pleased to
help open the door to education for students who
otherwise might not have had the opportunity.
– Gene Glick Eugene and Marilyn Glick Foundation
“ “
2 0 0 4 – 2 0 0 5
How did this Hoosier from the small town of Abington,
Indiana end up in Burbank, California as the city’s
network operations manager? The 36-year-old subject
of the riddle, Perry Jarvis, credits Ivy Tech’s Richmond
campus with launching his career.
Perry’s relationship with Indiana’s Community
College began in 1994 when he enrolled in accounting
classes to enhance his career. A year later he was hired
by the College to work as a computer lab technician,
and in 1996 he received his Associate of Applied
Science degree in Computer Information Systems. That
accreditation led him to California where he originally
accepted a position with the City of Burbank on a
nine-month contract. After six months the city bought
out his contract and moved him into his current position
of network operations manager.
Despite his achievements, Perry continues to
upgrade his education in the technology field; he currently
has more than 25 different technical certifications.
“If you choose technology, you have a good
career in front of you,” Perry said. “You have to keep
current. If you do, guaranteed employment is its own
reward. You will always find work.”
A technology degree ensures a good career
now and into the future. Every profession uses
information technology because the whole world is
computerized. My Ivy Tech degree has allowed
me to experience new places and new people
and to flourish professionally.
– Perry Jarvis Network Operations Manager, City of Burbank, California
and Ivy Tech graduate
Perry Jarvis
“
“
WHITEWATER REGIONRichmond
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
As head of a national corporation, Bob Haddad interacts
with workers throughout the country. He has seen
many who have graduated from high school, but still
don’t have basic skills. “Without a strong foundation,
workers are at high risk of being stuck in low-end
jobs,” he said.
Bob and his wife, Helen, believe that higher
education is the key to advancement, and that two-year
colleges are the lifeline for under-educated workers and
the U.S. economy. That belief and their commitment to
making accessible, affordable education available to
all led them to make one of the largest gifts ever
received by Ivy Tech’s Columbus campus. In recognition,
the campus dedicated the Bob & Helen Haddad Design
Technology Lab. “Ivy Tech gives students a second
chance to gain the critical thinking skills they need to
be successful,” said Bob.
“Bob and Helen believe strongly in the power
of education,” said Chancellor John Hogan. “Their
gift will provide many students with an open door to
future success through an Ivy Tech education.”
Bob andHelen
Haddad
COLUMBUS REGIONColumbus
While working in the new world economy and
with manufacturing in America, I have seen first-hand
what a lack of education and motivation can do to
the workforce.
– Bob Haddad Bob and Helen Haddad, founders of Columbus Container
“ “
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The Terre Haute Medical Laboratory (THML) is an
outstanding example of a company that has established
a long-term partnership with Ivy Tech. In 1985, the
lab’s CEO, Dr. M. Bashar Kashlan, actually originated
Ivy Tech’s Medical Laboratory Technology program and
remains its medical director. A THML supervisor
provides expertise as an instructor, and the laboratory
provides paid lab assistant jobs to students during
clinical training – a real boon to many who must rely
on outside jobs to make ends meet.
THML hires many of the program’s graduates,
allowing area residents to obtain well-paying, satisfying
jobs and remain in their hometown. “Because of the
Ivy Tech program, there are no shortages of techs in
Terre Haute,” said Mary Lou Albert, THML’s business
manager. “Most of the grads are local and want
to stay here.”
Besides being a clinical partner, during the last
decade THML has donated nearly $40,000 to the
program for equipment. In addition, the company
has initiated two scholarships each year for medical
technology students.
Ivy Tech is indispensible to us. We are able to hire
students part time during their clinical training, then full
time when they graduate. The Medical Laboratory
Technology program is an excellent way to ensure we
have skilled employees for our lab. The program serves
both the community and our business.
– M. Bashar Kashlan, M.D., CEO
Mary Lou Albert, Business Manager Terre Haute Medical Laboratory
“
“
WABASH VALLEY REGIONTerre Haute
Dr.M.Bashar
Kashlan & Mary
LouAlbert
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
Darcy Burthay, president of St. Joseph Hospital in Kokomo,
realizes Ivy Tech’s role in workforce development.
During her 20 years at the hospital, she has weathered
many challenges in finding well-trained employees.
Despite nursing shortages, St. Joseph is well-
supplied with quality RNs – graduates of Ivy Tech. In
fact, many received training right in the hospital,
where Darcy assigned two patient rooms for students
to receive real-life, bedside instruction.
She also devised a system to provide donated
medical equipment for the campus that has resulted in
approximately $80,000 in in-kind gifts. In addition, as
a member of Ivy Tech’s Region 5 Development Council,
Darcy has helped to raise private support for the College.
In recognition of her leadership and commitment
to her profession, Darcy’s staff arranged for St. Joseph’s
Ivy Tech nursing scholarship fund to bear her name.
“Through the years, Darcy has been a strong
leader in the healthcare community, setting a positive
example for our students and working tirelessly on
their behalf,” said Chancellor Steve Daily. “We are
fortunate to count her among the friends of the College
who truly make a difference in our students’ lives.”
Darcy Burthay
KOKOMO REGIONKokomo–Logansport
We love Ivy Tech and love working
with the team there.
– Darcy Burthay, RN, MSN President, St. Joseph Hospital
“
“
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“If you build it, they will come” proves true not just in
movies. When Ivy Tech Bloomington built a new $24
million campus just three years ago, College leaders
projected enrollment there would grow to 4,000 by
2011. This fall’s enrollment of 3,900 students
approaches that number six years early! This surge in
enrollment creates an urgent need for further growth.
“Grow Ivy Tech – the Campaign for our
Community” was launched this summer with a goal of
raising $3 million. Lending assistance as honorary
chairs are Bloomington civic and business leaders Joan
Olcott, Lee Marchant and Bill C. Brown.
Connie Ferguson, Ivy Tech Regional Board of
Trustees chairperson; Mayer Maloney, Bloomington
Herald Times publisher; and Bloomington pediatrician Dr.
Carol Litten Touloukian are campaign cabinet tri-chairs.
Funds raised will be used to address the serious
shortage of technically trained workers in life sciences
and healthcare, scholarships for all students, the Center
for Civic Engagement, and future campus expansion.
“The campaign isn’t only about economic
development,” said Chancellor John Whikehart. “It’s
about changing lives, breaking cycles and giving people
a chance they might not have otherwise.”
The Grow Ivy Tech campaign is essential to the
economic and workforce development growth of
our community.
– Lee Marchant
Bill C. Brown, Owner, Bill C. Brown AssociatesJoan Olcott, Community Volunteer
Lee Marchant, President and CEO, L JM Enterprises
Bill C.Brown,
Lee Marchant
and JoanOlcott
“ “
BLOOMINGTON REGIONBloomington
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
When John and Camille Murphy moved to Indiana in
1992 with their children, Allison and Tom, they soon
realized they had made their last move. “Indiana is a
great place for families,” said Camille. “After several
career and family moves – this is the place for us.”
When both children entered college, John and
Camille began thinking about retirement, even at their
young age. They also started thinking about the legacy
they wanted to leave at Ivy Tech. “We needed to plan
for retirement income, but we also really wanted to
help Ivy Tech students continue to have a chance to
succeed and excel,” said John.
The Murphys decided on a charitable gift annuity,
which will provide quarterly income for both for life and
fund a permanent scholarship endowment for business
students when it matures. “I have been on the Foundation
board of directors 13 years now, and know first-hand
what a great place Ivy Tech is,” John reminisced. “For
us, the charitable gift annuity was a perfect match.”
“This is a real win-win situation. John and Camille
have a guaranteed source of retirement income, and
will leave a remarkable legacy to Ivy Tech students
through their generosity,” said Chuck Harris, Ivy Tech
vice president for Development.
John and Camille
Murphy
CORNERSTONE SOCIETYCHARTER MEMBERS
Indiana is a great place to live. Ivy Tech
makes it even better, by changing lives and building
businesses. I am so proud to be part of this
incredible college.
– John Murphy
John and Camille MurphyIvy Tech Foundation Volunteers
“ “
2 0 0 4 – 2 0 0 5
In 2002, the Indiana Dental Association Foundation for
Dental Health was mobilized to address the growing
shortage of qualified dental staff in Indiana. Their
mission: raise funds to help recruit, educate and retain
allied dental team members for dentists in Indiana.
When the Dental Assisting program launched at
Ivy Tech’s Anderson Campus in January 2005, it became
the perfect target for the IDA’s efforts. Subsequently,
the organization gifted a total of $30,000 in grant
monies to the program for start-up costs and equipment
over the last year.
“Anderson is experiencing a shortage of dental
assistants for area practices,” said Teresa Macauley,
Dental Assisting program chair. “Our students will be
qualified to sit for the national certification exam and
begin working as soon as they graduate.”
The 14 students of this first class finish their
course work and begin internships this fall. In the
future, the Ivy Tech program will provide expanded
functions for the dental assisting students. A weekend
continuing education component for dental assistants
will launch this fall, as well.
The Indiana Dental Association Foundation is committed
to helping training programs get up and running to address
the shortage of dental assistants throughout the state. Ivy
Tech’s dental assisting program at Anderson gives
East Central Indiana residents an opportunity to enter this
well-paying profession.
– Dr. Raymond Maddox President, Indiana Dental Association Foundation
Ray Maddox,DDS
“
“
EAST CENTRAL REGIONMuncie–Anderson–Marion
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
As a developer, Pete Peuquet envisions what is yet to be
and then helps create it. In his role as tri-chair of Ivy
Tech’s Capital Campaign for Northwest Indiana, Pete
sees educated workers powering economic growth for
Northwest Indiana and is helping raise $2 million for a
campus expansion where that education will take place.
“Programs and training at the new Ivy Tech
Valparaiso campus will help attract and retain businesses
critical to the area,” he said. “Employees of those
businesses will benefit greatly from the educational
options available at this wonderful new facility.”
Enrollment at the Valparaiso campus has increased
by more than 550 students in just the past three years,
outgrowing the existing space and prompting the Indiana
General Assembly to approve a $38 million expansion.
Funds raised in the capital campaign will complement
the increased physical space with state-of-the-art
equipment and expanded academic programming.
As an advocate for economic development, Pete
believes strongly that investment in the campus expansion
today will reap rewards years from now as graduates
enter the workforce. “It’s not only what we look at today,
it’s what we try to preserve for future generations,”
he said, paraphrasing Henry David Thoreau.
Pete Peuquet
NORTHWEST REGIONGary–East Chicago–Valparaiso–Michigan City
I think we can look at the new Ivy Tech campus
and what it will provide for the success of students
now, but more importantly, we will see what it can
provide for future generations.
– Pete Peuquet Chairman and CEO, Chester, Inc.
“ “
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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
FINANCIAL OVERVIEWFor the fiscal year ended June 30, 2005
EXPENDABLE REVENUEExpendable Contributions ......................................................$19,728,906Charitable Grants ........................................................................$304,755Investment Return ......................................................................$912,205Real Estate Rental ......................................................................$414,394Realized Gain on Sale of Property ..............................................$117,153Vending & Royalties ....................................................................$544,293Miscellaneous ..............................................................................$195,860
Total Expendable Revenue..........................................................$22,217,566
EXPENSESFinancial Aid ............................................................................$1,471,141Equipment & Technology ..........................................................$5,014,781Staff & Volunteer Training & Recognition ......................................$64,483Special Programs......................................................................$1,985,892Community Outreach & Promotion ..............................................$301,077Assistance to the College..............................................................$279,590Annuity Obligations ........................................................................$4,115Real Estate Rental ......................................................................$221,178Administration ............................................................................$328,658Fundraising ..................................................................................$30,457
Total Expenses ............................................................................$9,701,372
Change to Expendable Fund Balance ..........................................$12,516,194Contributions to Endowed Accounts ..................................................$676,039
FUND BALANCES AND ASSETSExpendable Fund Balance ......................................................$32,208,389Nonexpendable Fund Balance ................................................$10,311,881Board-designated Endowment......................................................$183,581Investments at Cost ................................................................$32,543,242Investments at Market Value ..................................................$33,645,762
Fund balance figures do not include more than $5.5 million in assets held inIndiana community foundations restricted to Ivy Tech Foundation.
Ivy Tech Foundation operates on the cash basis of accounting and, therefore,does not recognize gifts of property in its statements of assets, liabilities andfund balance. Property donated in 2004-05 was valued at $1,173,032.
Total Charitable Contributions for FY 2004-05, per IRS guidelines ......................................................................$21,866,736
2 0 0 4 – 2 0 0 5
SOURCES OF CONTRIBUTIONS
USES OF CONTRIBUTIONS
TOTAL CHARITABLEGIVING TO IVY TECHFOUNDATION
2005$21,866,736
2004$16,037,542
2003$5,622,049
2002$6,808,000
2001$4,432,555
LILLY ENDOWMENT57%
FOUNDATIONS AND ORGANIZATIONS
22%
CORPORATIONS10%
PLANNED AND DEFERRED GIFTS: 7%
INDIVIDUALS: 4%
INSTRUCTIONAL EQUIPMENT52%
GRANT-FUNDED PROGRAMS20%
STUDENT FINANCIAL AID15%
ADMINISTRATION AND FUNDRAISING: 4%
OUTREACH: 3%
OTHER PROGRAMS: 6%
lthough Ivy Tech Community College of
Indiana is one of seven state-assisted
colleges and universities in Indiana,
only two-thirds of the College’s total
funding is appropriated by the General
Assembly. To
make college
affordable, Ivy
Tech keeps
tuition as low
as possible.The
College counts
on private, charitable support through
Ivy Tech Foundation to help students get
the training they need and the quality
they deserve.
To learn more about giving to Ivy Tech
Foundation, please contact the campus
nearest you or call the College
Development office at (317)921-4850
or (800) 732-1470, ext. 4850.
You may also e-mail Chuck Harris at
[email protected] or Perry Hammock at
GIVING TO IVY TECHFOUNDATION
HOW TO MAKE ADIFFERENCE
A Making a difference in the lives of Ivy Tech students is the greatest benefit
our donors experience. Yet there are many ways to give that provide
immediate or deferred tax benefits, allowing donors to make a greater
impact with each dollar.
CASH GIFTSCash contributions to Ivy Tech Foundation are tax deductible to the extent
allowed by federal law. Indiana taxpayers also qualify for a state tax
credit of up to $200 for a joint return or $100 for an individual return.
Some corporations can also qualify for a state tax credit.
CORPORATE MATCHES OF INDIVIDUAL GIFTSMany companies provide matching gifts for higher education. They match
or exceed the gifts of employees and often those of spouses, retirees and
board members. Please ask your employer’s human resources office
whether matching funds are available.
OUTRIGHT GIFTS OF APPRECIATED LONG-TERM CAPITAL GAIN PROPERTYInstead of selling appreciated capital gain property (stocks, bonds, real
estate, etc.) you have held for more than one year and donating the cash
proceeds, consider transferring ownership of the asset to Ivy Tech
Foundation. This way, your deduction is based on the fair market value of
the asset at the time of the gift, and you avoid income taxes you would
owe if you were to sell the property (before donating the proceeds).
LOSS PROPERTYAvoid making an in-kind donation of property that would generate a
tax-deductible loss if you sold it. Instead, it is best to sell the asset and give
the proceeds to Ivy Tech Foundation. This allows two deductions — one
for your loss on the sale and the other for your donation.
GIFTS BY WILL OR LIVING TRUSTA simple way to provide for Ivy Tech is through a bequest in a will or
living trust. Any part, percentage or component of estate or trust assets
can be left to Ivy Tech Foundation. It is important that appropriate naming
language be used in the will or trust, such as: “I hereby leave (amount,
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
uch of what Ivy Tech will be in years
to come hinges on the generosity of
Hoosiers who see the College as a vital
resource for workforce and economic
development and a caring place to
help people from all ages and back-
grounds reach their potential.
Ivy Tech Foundation created the
Cornerstone Society to show apprecia-
tion to donors who benefit the College
through a deferred gift. The society
honors individuals who have made
gifts through wills, bequests, trusts and
other planned giving arrangements.
Please consider our invitation to join the
Cornerstone Society. A planned gift of
any size qualifies you for lifetime mem-
bership and will create an unending
legacy of opportunity for students.
THE CORNERSTONESOCIETY
Mpercentage, asset or remainder) to Ivy Tech
Foundation, Inc., an Indiana nonprofit corpo-
ration with principal offices in Indianapolis,
Indiana, for the (specific program, fund,
endowment or general benefit of a specific
campus).” While a bequest is a wonderful way to give and help reduce
estate and inheritance taxes, it provides no immediate income tax
advantages.
RETAINING A STREAM OF INCOMEIf you want to donate an asset to Ivy Tech Foundation, but need to retain
or enhance the income that you have been receiving from it, consider
establishing a charitable remainder trust or a charitable gift annuity. These
deferred-giving tools can help you meet your income objectives and provide
a charitable deduction equal to the value of the Foundation’s irrevocable
remainder interest.
FARM OR PERSONAL RESIDENCEYou can qualify for a charitable deduction for the calendar year in which you
make an irrevocable gift to Ivy Tech Foundation of a remainder interest in
a farm or personal residence, and you may retain use of the property for
the lifetime of yourself, your spouse, or your heirs. Gifts of vacation or
summer homes, as well as primary residences, qualify for the deduction.
ENDOWING A FUND AT IVY TECH FOUNDATIONEndowments are gifts that keep on giving. An endowed fund can support
scholarships, programs of study, faculty development or campus operations.
The principal of an endowment is invested to provide annual support for a
desired project and to build value so the distribution retains its buying power
over time. A minimum contribution of $10,000 is required to establish a
named endowed account. Additional gifts can be made at any time.
A little planning can result in big tax savings and provide a lasting tribute
to a donor’s good works. Ivy Tech Foundation’s professionals will work with
you and your financial advisors to meet your own charitable and financial
goals. All discussions are held in strict confidence.
2 0 0 4 – 2 0 0 5
evelopment Councils build local
partnerships to meet specific campus
needs and help students succeed. The
following individuals provided leadership
as council chairs during the past year.
Northwest RegionMIKE ARREDONDOCity of East Chicago, East Chicago
North Central RegionTHOMAS LOWERWells Fargo Bank, South Bend
Northeast RegionWILLIAM L. SWEET JR.Beckman Lawson Attorneys at Law,LLP,Fort Wayne
Lafayette RegionJACQUELINE CHOSNEKChosnek & Hopson, PC, Lafayette
Kokomo RegionGARRY ROBERTSONKokomo Chrysler-Plymouth, Kokomo
Columbus RegionH.E. “BILL” WHISMANArvinMeritor, Columbus
Southwest RegionALAN NEWMANJJB Hilliard, WL Lyons, Inc., Evansville
Sellersburg RegionALICE SCHLEICHERKFC Franchise, Inc., Sellersburg
RESOURCE DEVELOPMENT COUNCILCHAIRS
BOARD OF DIRECTORS
CASPER J. ALESSI JR.National AFL-CIOIndianapolis
TERRY BOWENIndianapolis
BILL C. BROWNBill C. Brown AssociatesBloomington
MAJ. GENERAL GEORGE A. BUSKIRK JR.AttorneyZionsville
RONALD K. FAUQUHEROntario Systems LLCMuncie
WILLIAM R. GOINSVisteon Automotive SystemsRushville
JOHN P. GRIFFINCentral Indiana Building Trades CouncilIndianapolis
WALTER F. GROTE JR.Grote Industries, Inc.Madison
WILLIAM R. GUTZWILLERBruns-Gutzwiller, Inc.Batesville
JOHN L. HARTSTERNClark Memorial FoundationSellersburg
KATHRYN E. HEIDWest Lafayette
ROBERT C. HOLMESIvy Tech Community CollegeIndianapolis
ROBERT A. HOLTMuncie
MERVIN D. LUNGMervin D. Lung Building Company, Inc.Mishawaka
MARK T. MAASSELNIPSCOMerrillville
D
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
ChairpersonMARK F. HAGERMAN
Hagerman Construction CorporationFort Wayne
PresidentGERALD I. LAMKIN
Ivy Tech Community CollegeIndianapolis
First Vice ChairpersonCORNELIA A. BROWN
Creative Communications, Inc.Munster
Second Vice ChairpersonDONALD G. THOMAS
Kokomo
TreasurerFRED P. RUBEY
Terre Haute
SecretaryLEIGH M. ALLEN
Greendale
LEE J. MARCHANTL JM Enterprises, Inc.Bloomington
JOAN B. MCNAGNYFort Wayne
WILLIAM F. MORRISIvy Tech Community
CollegeIndianapolis
RICHARD P. MORRISONSouth Bend
JOHN M. MURPHYAcordia, Inc.Indianapolis
LU B. PORTERIntegra Bank, NAEvansville
PATRICK R. RALSTONFirst Financial BankTerre Haute
JOSEPH E. REEDLogansport
WILLIAM F. RITZMANNUnited Community BankLawrenceburg
PHILIP B. ROBYThe National Bank of Indianapolis CorporationIndianapolis
A. H. SCHUMAKER IICoca-Cola Bottling CompanyColumbus
JOSEPH H. SEAMANBank One, NALafayette
THOMAS H. TAYLORIndianapolis
TERRY L. WALKERMuncie Power Products, Inc.Muncie
RICHARD M. WEBSTERDesignplan, Inc.Indianapolis
FOUNDATION BOARDEXECUTIVE COMMITTEE
2 0 0 4 – 2 0 0 5
50 West Fall Creek Parkway North Drive Indianapolis, IN 46208-5752 317•921•4850
PERRY T. HAMMOCK, CFREExecutive [email protected]
www.ivytech.edu1•800•IVYLINE
IVY TECHFOUNDATION
IVY TECHCOMMUNITYCOLLEGE