ABOUT THE FOUNDATION
FOR MANATEE COMMUNITY COLLEGE
In 1978, a small group of concerned community leaders gathered to address a growing concern – how best to ensure that our local college would be able to meet the growing challenges of the future. A result of this meeting was the birth of what is today called The Foundation for Manatee Community College, Inc. The Foundation’s founders understood the critical nature of the need to sustain a great college. Their vision was a Foundation that would make a great college better – a Foundation that would provide scholarship opportunities to ensure access to all who desired to pursue higher education and raise funds to better equip the College’s classrooms as well as to provide funds for faculty development. The founders visualized an organization that would contribute to the community’s cultural and economic heritage and empower Manatee Community College through financial flexibility.
Through contributions of cash, appreciated securities, real and personal property, the Foundation’s assets have grown to $50 million. Investments include fixed assets (bonds) and equities (stocks) and cash. In most cases, funds received by the Foundation are comingled for investment purposes. Earnings from the total investment portfolio are distributed on a pro-rata basis to individual accounts. Individual accounting is maintained for each Foundation account. Currently, the Foundation hosts endowed and annual scholarship programs supporting students in all programs of study. We also provide vehicles to effect physical change on each campus, and purchase classroom equipment.
