Description
During Fiscal Year 2008, the Mt. San Antonio College Foundation Board of Directors provided leadership, governance and support enabling the Foundation to achieve new heights of success. Most notably, the Foundation achieved a record income of $1,384,530 -- making 2007-08 the most successful year ever.
Growth
Foundation net assets grew by effectively managing endowed funds and by containing operating and fund-raising expenses well below the norm at 20% and 9% (of total revenues) respectively, thereby maximizing the effect of donor gifts fo r scholarships and campus projects.
A new record was also set this year in funding student scholarships. Over $174,850 was allocated for 164 student scholarships--an increase of 60% over the prior year. During the year, significant new dollars were received for scholarships, thereby enabling the Foundation to fulfill its mission of assisting even more Mt. SAC students with scholarships based on both financial need and scholastic achievement.
In a challenging economy for giving, Foundation fund-raising events continued to thrive with more people attending and increased net income over previous years.
For more information, visithttp://www.mtsacfoundation.org/ or http://www.mtsac.edu/
