Greenville Tech Foundation 2008-2009 Annual Report 2009-2010 ...

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Student Profile Fall 2009 Greenville Technical College Headcount (Curriculum Students) 15,109 Received Financial Aid 73.7% Enrollment Status Number Percentage Full Time 6,910 46 % Part Time 8,199 54 % Gender Number Percentage Female 8,948 59 % Male 6,161 41 % Ethnicity Number Percentage American Indian/Alaskan Native 38 1 % Asian or Pacific Islander 241 1 % Black/African American 3,358 22 % Hispanic 559 4 % Unknown 1,589 10 % White/Non-Hispanic 9,324 62 % Age Number Percentage Traditional Age (25 and under) 8,777 58 % Non-Traditional Age (26 +) 6,306 41 % Unknown 26 1 % County Number Percentage Anderson 1,181 8 % Greenville 9,938 66 % Pickens 1,060 7 % Spartanburg 1,140 7 % All Other Areas 1,790 12 % Academic Program Number Percentage Arts & Sciences (University Transfer) 3,421 23 % Business 2,051 13 % Engineering Technologies 555 4 % Health Sciences/Nursing 5,165 34 % Industrial Technologies 717 5 % Non-Degree/Career Development 1,504 10 % Public Service 1,259 8 % Transportation Technologies 437 3 % 3
Established in 1973, the Greenville Tech Foundation provides financial support to Greenville Technical College and its students beyond that which can be obtained from state and local funding sources. The foundation acquires its funding through charitable contributions from businesses, industries, foundations, individuals and earnings from its permanent endowment. The foundation is an exempt organization under the Internal Revenue Code’s section 501(c)(3) and is classified as a foundation under section 509(a)(3) of the Code. It is governed by a board of directors comprised of community leaders in business, industry, and the professions. Tax-deductible contributions can be made by cash, real estate or personal property, securities, bequests, or by naming the foundation as beneficiary of insurance policies, trusts or retirement accounts. Gifts can be designated or unrestricted, and may be made on a one-time basis or spread over several years. Ninety percent of all designated gifts to the Foundation will be applied to uses specified by the donor. Consistent with the practices of many non-profits, 10% will be used to defray administrative costs. The foundation manages over 100 endowed funds. The foundation invests the funds in accordance with the investment policies and practices established by the Foundation Board of Directors. Up to 5% of the earnings are spent on uses specified by the donor such as scholarships, educational/lab equipment, faculty/staff development, and capital needs. The Foundation The foundation also owns or manages certain real estate. For example: w The foundation owns and manages a large portion of McAlister Square, where its offices are located. The space the foundation owns is leased to some of the universities occupying the University Center, several county agencies, non- profit groups and several commercial enterprises. Space owned by the foundation is 95 percent leased. w The foundation leased land from the college, issued tax-exempt bonds and constructed 438 housing units in four buildings along with a housing office/ activities building. This student housing project, now in its third year, allows more than 430 students to be members of a living/learning community while they further their education. Many of these students would have been unable to attend Greenville Tech had the foundation not been able to offer housing. w During the summer of 2008, the foundation issued tax-exempt bonds to finance the construction of a new classroom building on the Brashier Campus in Simpsonville. This building was completed in August 2009 and leased to Greenville Tech and Brashier Middle College Charter High School, with lease payments in an amount to allow for repayment of the bonds. The Greenville Tech Foundation has played a critical role in the growth of Greenville Technical College and has exciting plans to increase its support of the college in the coming years. 4
Page 1 and 2: Greenville Tech Foundation 2008-200
Page 3: We thank you for your interest in a
Page 7 and 8: Foundation Support to the College T
Page 9 and 10: 2009 Outstanding Philanthropist Awa
Page 11 and 12: During graduation ceremonies, The G
Page 13 and 14: 20th Annual Golf Tournament Greenvi
Page 15 and 16: Mary M. Graham Endowed Student Book
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Page 21 and 22: Linda E. McElrath Kimberly E. McKen
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Page 25 and 26: James G. Mattos Margaret A. McArver
Page 27 and 28: If you’re like most people in thi

Greenville Tech Foundation 2008-2009 Annual Report 2009-2010 ...

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