2009 Performance Accountability Report Vol. 2 - Maryland Higher ...

In FY 2008 expenditures for compensation (salaries and fringe benefits)
consumed 69 percent of the College’s total expenses compared to the statewide
average of 77 percent. The College continues to improve adjunct faculty pay
rates to achieve a more competitive position with other colleges in the region.
The Cecil College Foundation, Inc. (“Foundation”) is the non-profit (a separate
501(c) 3), funding development arm of Cecil College. The Foundation is
comprised of 25 community directors committed to developing resources to
support Cecil College students, and to supplement existing financial support for
students. Foundation directors are ambassadors of Cecil College, increasing
awareness and support of the College within the region, and creating partnerships
with individuals, businesses, organizations, and other foundations to raise funds
for scholarships, instructional equipment, professional development, capital, and
other needs. The Foundation’s main goal continues to be to provide Cecil College
student scholarships.
The Foundation successfully initiated its Collegium de Vinum, which translated
means “gather together about wine,” wine tasting events in FY 2008. The
Collegium de Vinum series included two tasting dinners and a gala, and raised
$29,300 for scholarships.
Another innovative fundraising initiative was begun in the second-half of FY
2008 as a result of the College’s Accounts Receivable department informing the
Foundation that students were dropping classes because they could not afford
their textbooks. The Foundation quickly created its Textbook Scholarship Fund
to address the student’s needs. This campaign was embraced by community and
business donors alike and raised over $5,800 in the first six months.
As a result of Foundation director’s commitment and implementation of new
fundraising initiatives, the Foundation’s Annual Fund continues to rise an
increased amount of gifts each year to support scholarships. The chart below
shows the Annual Fund’s income and Scholarship Awards from FY ’05- FY ’09:
Fiscal Year Annual Fund Contributions Scholarship Awards
FY ‘05 $83,165 $52,895
FY ‘06 $193,151 $53,362
FY ‘07 $266,438 $107,625
FY ‘08 $468,002 $149,097
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