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2010 - 2011 | annual report2010 - 2011 | annual report

M A R I C O PACOMMUNITYC O L L E G E SFOUNDATION

Changing Lives. Building Futures.

MARICOPA COMMUNITY COLLEGES FOUNDATION BOARD2011 – 2012

Executive Officers

Chair Antonio Hampton Western Sales OperationsXerox Corporation

Vice ChairHeidi R. SchaeferManager, Strategic Economic ServicesSalt River Project

SecretaryLydia A. ArandaCommunity Leader

TreasurerRussell JohnsonPresident & CEOMerchants Information Solutions, Inc.

Immediate Past Chair Edmundo HidalgoPresident & CEOChicanos Por La Causa, Inc.

President & Chief Executive OfficerDr. Steven R. Helfgot Maricopa Community Colleges Foundation

Board Members

Richard L. BoalsPresident & CEOBlueCross BlueShield of Arizona

*Dr. Donald R. CampbellMaricopa Community College District Governing Board

Jessica CatlinDirector of Strategic Planning & DevelopmentGreater Phoenix Economic Council (GPEC)

Mark DioguardiPartnerDioguardi Flynn, LLP

*Dr. Paul A. Elsner (Honorary Life Member) Chancellor EmeritusPaul Elsner Associates LeRoy M. GaintnerGaintner, Bandler, Reed & Peters, PLC

*Dr. Jan GehlerPresidentScottsdale Community College

* Ex Officio

Andrew GeierExecutive Vice PresidentLayton Construction

Les M. GinBanking SpecialistComerica Bank

*Dr. Eugene GiovanniniPresident, GateWay Community College

*Dr. Rufus GlasperChancellor Maricopa Community Colleges

Alexander JamisonPresidentMediation & Ombudsman Resolutions, Etc.

Cathey JosephCathey Joseph, PLLC

Ashley KasarjianSnell & Wilmer, LLP

Michael KellyManagerKelly Consulting Alliance

Lydia LeeCommunity Leader

Leonard LooQuarles & Brady, LLP

Tammy McLeodVice President & Chief Customer OfficerArizona Public Service Company

Dennis E. MitchemCommunity Leader Kevin MoranVice President, Human ResourcesCox Communications

Dr. Ioanna MorfessisPresidentIO.INC.

Gregg A. OstroPresident & Executive ProducerGO Media Companies/GOCO, Inc.

Linda B. Rosenthal Retired Maricopa Community College District Governing Board Member

*Dana SaarMaricopa Community College District Governing Board

*Dr. Anna SolleyPresidentPhoenix College

Wendy VillaDirector of Government & Media RelationsMario E. Diaz & Associates, LLC

Staff

Executive Vice President & Chief Operating Officer Mary O’Connor

Vice President Development Colleen Peterson

MARICOPA COMMUNITY COLLEGES FOUNDATION BOARD2011 – 2012

Winter 2012

Dear Supporters of the Maricopa Community Colleges Foundation:

As the new Chair of the Maricopa Community Colleges Foundation Board, I am pleased to introduce you to our Annual Report for 2010-

2011 and invite you to see the examples of what our Foundation was doing in the year recently completed. Much of that activity and success is due to the leadership of my predecessor as Board Chair, Edmundo Hidalgo; and I want to thank him for his exceptional leadership over the past two years. I’m honored to succeed him and hope to live up to the high standards that he set during his term.

I also want to thank all of the members of the Foundation Board, who give so freely and generously of their time and talent; Dr. Steve Helfgot; and the Foundation staff who keep us moving forward day in and day out.

It was a challenging and successful year for the Foundation, and I want to highlight several things for you:

• In 2010-2011 the Foundation received $3,106,309 in new gifts, an increase of $326,000 over 2009-2010. Total revenue generated was $5,317,868.

• We awarded a total of 2,710 scholarships, totaling

$1,794,003.

• The average scholarship award was $634. Scholarship awards range from $25 to $2,000 each.

• Our 1st Annual Jerry Colangelo Golf Tournament was a great success, netting more than $105,000 for a new scholarship endowment.

• Our 2011 6th Annual Heroes of Education dinner honoring Ronnie Lopez proved to be our most successful ever, netting more than $284,000 to support student scholarships and programs. The total net proceeds from the six Heroes dinners to date surpassed the $1,000,000 mark.

• Late in the last fiscal year, our Board unanimously voted to undertake a major fund-raising campaign. You’ll be hearing more from us about that in the coming months.

Finally, I want to thank you for your support of our efforts. Nothing we do would be possible without your generosity.

Sincerely,

Tony Hampton Board Chair

2419 W. 14th Street, Tempe, Arizona 85281 - 6942 ■ P 480.731.8400 ■ F 480.731.8411 ■ www.maricopa.edu/foundation


Chandler-Gilbert I Estrella Mountain I GateWay I Glendale I Mesa I Paradise Valley I Phoenix Rio Salado I Scottsdale I South Mountain I Maricopa Skill Center I SouthWest Skill Center

Chandler-Gilbert Community College

Estrella Mountain Community College

GateWay Community College

Glendale Community College

Mesa Community College

Paradise Valley Community College

Phoenix College

Rio Salado College

Scottsdale Community College

South Mountain Community College

The Maricopa Community Colleges

Foundation is a 501(c) (3) nonprofit

organization designated by the

Maricopa County Community College

District to receive and manage

gifts on behalf of its 10 colleges.

The Foundation actively seeks

contributions from a variety

of public and private sources

including individuals, corporations

and other foundations. It acts as a

trustee for donations to assure that

gifts are distributed in the manner

specified by the donor.

Winter 2012

Dear Friends and Supporters:

Welcome to the Maricopa Community Colleges Foundation’s “new look” 2010-2011 Annual Report.

For years, “facts and figures” have been the essence of what we have shared with you in our Annual Report, and we continue to do so. Those data describe a key aspect of what we do. However, there is more—much more—to what we do each year and to who we are. Facts and figures alone cannot describe us, and it is that “more” that we want to share with you.

Each dollar you so generously provide to us is a story all its own, a story of personal experience and commitment and a desire to do something that matters and will make a difference. We want to use this report to tell some of those stories . . . your stories.

Each dollar that goes out is also a story, a story about students and need, about hope and ambition, about access and opportunity. We want to tell some of those stories in this report, as well, to connect the stories of those who provide support to those who benefit from that support.

I hope you’ll find this new look to your liking. If you do, let us know . . . and if not, feel free to let us know that, as well.

Some things don’t change and saying thanks is one of those things. On June 30, Edmundo Hidalgo completed a two-year term as Chair of the Maricopa Community Colleges Foundation Board. There is much to say and little space in which to say it. Suffice it to say that in any and every way, we may be a better organization than we were two years ago. It is in no small part because of Edmundo’s leadership and commitment.

Lastly, thank you so very much. Were it not for your continuing generosity and support of our Foundation, our colleges and, most of all, our students, there would be no stories to tell and no report to produce. As always, we extend our most heartfelt thanks.

Sincerely,

Steven R. Helfgot, EdDPresident and CEO

2419 W. 14th Street, Tempe, Arizona 85281 - 6942 ■ P 480.731.8400 ■ F 480.731.8411 ■ www.maricopa.edu/foundation


Chandler-Gilbert I Estrella Mountain I GateWay I Glendale I Mesa I Paradise Valley I Phoenix Rio Salado I Scottsdale I South Mountain I Maricopa Skill Center I SouthWest Skill Center

The Foundation raised $285,000 for student scholarships at the 6th Annual Heroes of Education fund-raising dinner at the Arizona Biltmore hotel.

Ronnie Lopez was honored at the April 13th event as the 2011 Hero of Education. Ronnie has been a leader in this community for many years and has made significant contributions in the world of politics and business. He is also known for the inroads he has made in social service and non-profit work as well. He is a dear friend to both our District and the Foundation. He worked tirelessly on behalf of the ACE (Achieving a College Education) campaign and is our ACE program’s biggest friend and advocate.

Several years ago, The Ronnie Lopez Leading with Heart Scholarship Award was established by the Foundation to recognize those friends of the Foundation, who, like Ronnie, support our efforts without expectation of recognition or reward. The Ronnie Lopez Leading with Heart Scholarship Endowment provides scholarships to students who have completed one of our ACE programs and are continuing their education at one of our colleges. His endowment continues to grow as his friends are inspired by his loyalty and belief in the ACE program and the community colleges.

Highlights of the evening included a moving introduction of the honoree by former Arizona House of Representatives member, Art Hamilton, and a special gift of $75,000 from the Helios Education Foundation in Lopez’ honor, given out that

evening by Ronnie’s friend and Helios President Paul Luna, who also spoke eloquently about Ronnie’s contributions to education during the honoree video.

“It was our most successful event ever,” said Steve Helfgot, President and Chief Executive Officer of the Maricopa Community Colleges Foundation,

who also lauded the generosity of donors during the economic downturn.

“We were incredibly moved by the support of our donors at this event,” he said. “The support

for Heroes was a testament

to the commitment people

in this community have to

educational opportunity, even

in these difficult times. In our first six years the Heroes of Education Dinners have raised over $1,000,000 for student scholarships and we

expect to add significantly to that total in 2012.

Proceeds of the Heroes of Education recognition dinner benefit ACE Chicanos Por La Causa Matching Scholarship Fund, and the General Scholarship Fund of the Maricopa Community Colleges Foundation.

6th Annual Recognition Dinner surpasses

million dollar mark

Heroes ofEducation

Dr. Steven Helfgot, Edmundo Hidalgo, Ronnie Lopez, Dr. Rufus Glasper

International sports and business icon, Jerry Colangelo, is the Maricopa Community Colleges Foundation’s first “Golf Hero.” Colangelo agreed to help the Maricopa Community Colleges’ Foundation raise money for scholarships as

headliner for its Jerry Colangelo Invitational Golf Tournament, which was held on Friday November 5, 2010. The Tournament took place at the premier Gold Course at The Wigwam Golf Resort & Spa in Litchfield Park, AZ. The proceeds benefited the Jerry Colangelo Scholarship endowment that will fund scholarships and programs for deserving

students at the ten Maricopa Community Colleges.

“Jerry Colangelo is a world-famous success story who we know and love as a great member of our Valley community. His gracious willingness to be our headliner and help us raise money for programs and scholarships that benefit aspiring and deserving students is yet another testament to Jerry’s well-known altruism,” said Steve Helfgot, CEO, Maricopa Community Colleges Foundation.

“I am honored to be a part of this charity golf tournament and to be on the team helping the Maricopa Community Colleges Foundation help aspiring students. Our community colleges are truly a backbone of this community, and we all need to do our part to help everyone with aspirations to have the means to get an education,” said Colangelo.

Colangelo is known for helping worthy causes. He established and built the Phoenix Suns’ and Diamond Backs’ charities parallel to building those sports teams as businesses. He has raised millions of dollars for charities in Arizona.

Donor Spotlight

Blue Cross Blue Shield of Arizona is a steady supporter of education and at its helm is President and Chief Executive Officer, Rich Boals, a graduate of Phoenix College. He is a past Chair of the Foundation and continues to serve on the board. In 2008 he was honored at the coveted Heroes of Education Recognition Dinner for his proven personal and professional commitment to support Maricopa Community College students and educational opportunities.

In 2004 Rich was inducted into the Phoenix College Hall of Fame which honors and recognizes their alumnae for their contributions to the college and the community. That same year, Rich was the keynote speaker at the Phoenix College graduation and he reminisced on his time there, “Phoenix College truly gave me the confidence I needed to pursue higher education. The college allowed me access to facilities and instructors who were inspiring and supportive during those first years of my higher education. At Phoenix College I gained more than just textbook learning. I gained life-learning too.”

Rich has been quoted as saying, “The tenacity and resilience of people who persevere to get their education, despite the hand life may have dealt them, constantly amazes me. The work of the Foundation assists them in that endeavor. I believe that every citizen has value and when he or she is given a chance to do their best, the entire community benefits.”

Over the years, Blue Cross Blue Shield of Arizona donations and event sponsorships have culminated into a grand total of more than $324,000. BCBS is a perfect example of how one organization can make such a great contribution to the higher education of students that attend the Maricopa Community Colleges.

Blue Cross Blue Shield of Arizona

Rich Boals

The Jerry Colangelo Invitational Golf Tournament Raises over $100,000!

The Maricopa Community Colleges Foundation believes there isn’t another scholarship program quite like this one in Arizona, and it’s hoping donors and students will feel the same way.

The OUT and UP Endowed Scholarship Fund, which is two-thirds of the way to raising its one-year goal of $200,000, will award no less than two scholarships in perpetuity once funds for the endowment have been raised.

More than $131,000 has been raised from 201 donors since its launch at the Desperado LGBT Film Festival in late January 2011.

The scholarship provides an opportunity for disenfranchised lesbian, gay, bisexual, transgender, and queer/questioning (LGBTQ) young adults who have faced negative responses from their families because of their sexual orientation or gender identity/expression. These young people (25 years of age and under) are neither supported emotionally nor financially by their families. LGBTQ youth at age 18 often find themselves on the streets without financial help.

The National Mental Health Association states that 28 percent of gay and lesbian students drop out of school — three times the national average. In addition, according to The National School Climate Survey

of the Gay, Lesbian, Straight Education Network (GLSEN), gay students are twice as likely as the general

population to report they have no plans to go to college.

The Maricopa County Community Colleges District and its Foundation are in a unique position to provide these young people access to higher education and assist their transition from being dependent to independent, from needing to be supported by the community to being able to contribute to it. Our colleges have always seen it as their mission to provide educational opportunity to those who don’t otherwise have it and this is just one more recent example.

Out & UP Scholarship Raises Funds for Disenfranchised

LGBTQ Youth

The first OUT and UP Scholarship was awarded this past semester and here are the heartfelt thanks of its first recipient, Trashawn J. Wright.

“When I first came out I had to endure being homeless for six months. I also stopped

going to college because of the stress and pressure to trying to find a place to stay. I cannot express to you enough just how thankful I am to be the recipient

of this scholarship. I am very excited to be returning to college and continuing

my education. I have already enrolled in my classes and I am looking forward to starting in the fall. The only reason I am able to go back to school is because I received the OUT and UP Scholarship.

Thank you so very much for bringing me to the next level to continue my education. I am so happy, because you have

put more faith in me than my family ever has. My family thinks I am a failure, just because I am gay. But I know that I am not a failure. I will get my bachelor’s degree in nursing and will be forever grateful for the opportunity I have been given.”

Scholarship Spotlight

Meet Elizabeth Gomez Chicanos Por La Causa (CPLC) Matching Scholarship Fund Recipient Scottsdale Community College Elizabeth Gomez is passionate about her studies, and it shows as she recounts the difficulties she has overcome to get here. As a single mother, she has come back to school and is working toward her degree. “I want to serve as a model to young women

who are in my shoes . . . that you can have hope, that you can change your life!”

“Without the CPLC Matching Scholarship Fund, I wouldn’t be able to attend school and have the freedom to study hard and truly devote my time to my studies,“ Elizabeth confessed. “This scholarship is everything to me right now . . . it’s that little bit of hope that my son and I needed to change our lives!”

Meet Brittany Otterson Achieving a College Education (ACE) Alumna and Women’s Philanthropy Circle Scholarship Recipient Mesa Community College

Brittany Otterson’s positive personality leads those who meet her to believe that her story is similar to those of most other students. While it does have a happy ending, the

beginning is one only a special student could overcome.

From an early age, Brittany was a “parent” caring for her younger siblings, because her mother’s drug use made her unfit to do so. Through all of this, Brittany clung to the one firmly grounded pillar of her chaotic young life: education.

“With the help of the Achieving a College Education program I pushed myself to graduate high school and now with the scholarships that I have received from the Foundation, I continue to plow through any of the difficulties that life throws my way.”

“I’ll receive my associate’s degree this spring at Mesa Community College and continue on at Phoenix College where I’ll complete the sign language interpreter program. It’s a two-year program, and I have my heart set on being an interpreter while continuing to study and eventually receive a graduate degree.”

Many people in our Valley have lost their jobs in the

last several years. For some of them it has been the

perfect opportunity to re-career, and that means going

back to school. The Maricopa Community Colleges’ Center

for Workforce Development (CWD) is the recognized leader

in job training and fulfilling the needs of employers throughout

Maricopa County. The Center collaborates with all ten Maricopa

Community Colleges.

CWD is an active partner with the Greater Phoenix business

community. It not only trains and prepares people for new

careers, but it also serves as a resource center for the

collection, analysis, and

distribution of the most current

labor market information. The

Center works to ensure that

all ten Maricopa Community

Colleges and two Skill Centers are working with employers to

develop relevant training programs that will mean jobs for their

students.

Randy Kimmens, Director of the Business and Workforce

Development said recently, “The Maricopa Community Colleges Foundation scholarships are critical to students’ success in pursuing workforce skills so necessary to become gainfully employed in today’s challenging job market. Without these scholarship funds students would be put into additional financial hardship to prepare for their chosen career.”

www.maricopa.edu/workforce

One-stop Shopping for Workforce Development

Meet Jimmy Castle General Scholarship Recipient. Phoenix College

After 20 years of working as a general laborer, Jimmy Castle said, “Enough!” Making the decision to come in from the elements of the Arizona weather wasn’t difficult, nor was it hard to accept that the

physically demanding work he’d done all his life was taking a greater toll on him every year. But Jimmy went a significant step further and said, “I have much more to give to our community.”

Three years later, Jimmy has earned not one, but two degrees at Phoenix College and also will be graduating from Grand Canyon University with a bachelor’s degree in finance this spring.

“With the scholarships that I received, I immersed myself in education. I didn’t work, I had the luxury to learn; and the more I learned, the more I wanted to learn.

“How blessed we are to have donors who believe in education and are able to help an adult man change his life. I will not live from paycheck to paycheck . . . I have a bright future now, and I thank you so much for giving me a new life and a new direction.”

“In my various leadership roles within the

Arizona Tooling and Machining Association,

I have been working with CWD staff on

various workforce development projects for

the last eight years.

Most recently, we gathered a team to solicit

a grant in conjunction with other chapters of our trade association.

When the grant effort failed, we decided to forge ahead and build on

our work to create a local apprentice program for precision machining.

This is a much-needed mechanism to formalize the career and

education paths for individuals to fill a pressing demand in industry.

Both CWD and the Maricopa Community Colleges leaders have been

instrumental in pulling this yearlong effort together for a December

launch. The Maricopa Community Colleges group is the most forward-

thinking, industry responsive, and creatively flexible educational

agency I have ever worked with.

This group of highly dedicated people is a pleasure to work with, and

they bring a wealth of knowledge and drive to the program.”

- Mark J. Weathers, Excaliber Precision President, Arizona Tooling and Machining Association


Dylan Robert Borys, GCCDianne H. Thomas Scholarship Recipient

“The decision to succeed in a project starts with the plan to

accomplish the goal,” says Nicholas Smith, Phoenix College

(PC) 2011 graduate and first recipient of the Diane H. Thomas

Scholarship for Phoenix College Alumni—a $10,000 scholarship

for students planning to transfer to a four-year college or university.

Based on his track record, Nicholas is well on his way toward

carrying out his plan to complete his Bachelor of Science degree

at the W. P. Carey School of Business at Arizona State University

(ASU). Prior to his arrival at PC, Nicholas was employed as a

manual laborer. In 2009,

Nicholas decided to enter

PC where he immersed

himself in his coursework,

student leadership

activities, and community

volunteerism.

Today, with support from the Diane H. Thomas Scholarship,

Nicholas is registered for the fall semester at ASU and is studying

computer information systems. His future plan includes entering a

career in the Information Technology industry as a network analyst

within the next two-to-three years.

“My plan to pay for upcoming educational expenses at the University has been a major concern for me as I have neared the completion of my education at PC,” remarks Nicholas. “But thanks to the Diane H. Thomas Scholarship, I can start the fall semester at ASU much less burdened, able to focus on my courses, and accomplish my goals.”

More than 100 students

applied for the first awarding

of the $10,000 Diane H.

Thomas Scholarship. Made

possible through a generous

bequest by the late, former

Glendale Community

College faculty member, the

scholarship is awarded to a PC or GCC graduate transferring to

a four-year college or

university.

This year’s Glendale

Community College

(GCC) recipient is

Dylan Robert Borys,

who graduated

this spring with an associate’s degree in science. He achieved a

perfect 4.0 GPA and is an honors student graduating with highest

distinction.

In addition to his exemplary academic achievements, he is a

leader in the classroom and on the field. He played GCC football

the past two years and volunteered for the Science Olympiad and

Engineer Your Future events. In addition, he has volunteered for

youth football camps and acts as a team tutor in math and

science.

The Diane H. Thomas Scholarship

for Phoenix College and Glendale Community College Alumni

Dr. Anna Solley, PC President with Nicolas Smith, PC, Diane H. Thomas Scholarship Recipient

Alumni Spotlight

Meet Marilyn Gonzales-Wilson ACE AlumnaSouth Mountain Community College

Marilyn is a young, confident woman with a successful career as a pharmacist. But years ago — while in high school — she

was a struggling student with no plans for attending college. Then, Marilyn’s life —and that of her entire family — was changed forever: her older sister was accepted into the first class of ACE students at South Mountain Community College.

“It was like a domino effect. My sister got involved and I saw how confident she was in her school work and I wanted that, too! Once I became a college student, I was quickly followed by my brother, then my mother . . . and even my aunts decided to go to college. The ACE program changed the lives of our entire family.”

Once Marilyn got a taste of college life and became confident in her own abilities as a student, not even single-motherhood could hold her back. “If anything, it gave me more resolve to continue my education. Now my son is in the ACE program and will continue his studies at Glendale Community College next year.”

She goes on to say, “Anytime I am called upon to talk about the ACE program or help the MCCF in anyway, I am there. I have the call to give back and to tell others about the wonderful opportunities that are out there for students like me who had no idea that they could actually learn how to be good students and find the path to success . . . I am eternally grateful!”

Borys, who plans on being an aerospace engineer,

will attend Embry-Riddle Aeronautical University in

Prescott, a top-rated aviation and aerospace college. He says, “I believe the best way to be a leader is

to lead by example— always be early, hold those

around you to a high standard, and encourage

and acknowledge productivity. My future goals

are to not only work among great minds, but

to at some point, surpass those around me and

become a lead engineer who helps change or

further our understanding of the universe and

how it works.”

The late Diane H. Thomas had a long and diversified career that included television, writing, photojournalism, small business ownership, and teaching at Glendale Community College. She authored nearly a dozen books and wrote articles that appeared in publications, including The New York Times, McCall’s, and Better Homes and Gardens. Diane had a love for teaching and was dedicated to helping students succeed. Her generous legacy to Phoenix College and Glendale Community College comprises a permanent endowed

scholarship.

Dylan Robert Borys, GCCDianne H. Thomas Scholarship Recipient

Employee Spotlight

The Maricopa Community Colleges Foundation sponsors an

annual program to recognize employees within the Maricopa

County Community College District who have made outstanding

contributions to advance the mission of the District. Each year, five

$1,000 awards are given to an individual or team of employees,

which in turn is awarded in the recipient’s name as a scholarship to

a Maricopa Community College student. This year’s recipients are:

Dr. Joyce Elsner, South Mountain Community College

Therese Tendick, Scottsdale Community College

Dr. Margi Schultz, GateWay Community College

Dale Heuser, Paradise Valley Community College

Carl Couch, Scottsdale Community College

Employee Recognition Program

From left to right: Jan Gehler, Therese Tendick, Dr. Steve Helfgot, Dr. Rufus Glasper, Dr. Margi Schultz, Dr. Gene Giovannini, Tony Hampton, Dr. Joyce Elsner

Each year the generous spirit of our friends helps support students and programs at the ten

Maricopa Community Colleges. This generosity is evident in countless ways, including gifts of financial support. And while giving may seem a straightforward process, there are many ways that friends choose to make a gift. Some careful planning will ensure that your objectives are met. Below is an overview of some of the most common ways to make a gift and the benefits of each.

Current GiftsThe most common way to make an immediate gift is by writing a check. This type of cash gift provides immediate liquidity for our Foundation and generates a charitable income tax deduction for the donor in the year of the gift.

Giving stocks or bonds may provide greater tax benefits. If you have owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value.

A gift of real estate that has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the appreciation.

Selected artwork, books and antiques are examples of gifts of personal property that can, in certain situations, be an appropriate gift. However, to ensure that any tangible personal property qualifies for a favorable charitable tax deduction, contact our Foundation staff prior to making a gift.

Planned GiftsSometimes called deferred gifts, the term planned gifts refers to specific strategies that (in most cases) benefit charity at some point in the future while offering immediate benefits to the donor.

The gift of a paid-up life insurance policy is a good example. By designating our Foundation as owner and beneficiary of such a policy, you will receive a charitable income tax deduction that, in most cases, is equal to your cost basis in the policy.

Expressions of Philanthropy

Sony Technology Award Scholarships

Sony, Inc., sponsors a technological scholarship for five Maricopa

Community College students who do not have access to a personal

computer and two faculty members who need to update their technological

resources for themselves and the work they do with their students. This

year’s recipients are:

Students: Rodolfo Tamayo, South Mountain Community College

Lorraine Banuelos, Estrella Mountain Community College

Lindsey Baker, Mesa Community College, Tiffany Thompson, Glendale

Community College, Joval Yazzie, Phoenix College

Faculty: James Sousa, Phoenix College, James T. Abraham, Glendale

Community College

Gifts That Generate Income For YouThe benefits of planning compound when you utilize one of a number of strategies that generate income as well as provide a number of other attractive benefits.

The Gift Annuity is a great example of how a gift generates income for the donor. This is actually a contract between a donor and our Foundation that is part gift and part annuity. In addition to the income received, the donor receives a charitable income tax deduction and a portion of each annuity payment may be tax-free.

The Deferred Payment Gift Annuity in which annuity payments are delayed for a number of years, offers rates that make it an attractive supplement to retirement income that can, in certain situations, be an appropriate gift.

The Charitable Remainder Trust is perhaps the most versatile charitable giving tool. With the CRT it is possible to bypass capital gains tax on the sale of highly appreciated assets, generate an increase in income, receive an attractive charitable income tax deduction, and fulfill your philanthropic objectives.

The CRT is a legal trust that can be constructed to produce a predictable annuity payment each year or take advantage of investment growth opportunities with income payments based on a growing trust principal.

Charitable BequestsNext to writing a check, perhaps the best known vehicle for philanthropy is the bequest. A bequest makes it possible for you to make your wishes known today without relinquishing needed assets during your lifetime. Bequests can transfer a specific asset. You can also give a percent of the estate after costs and taxes. Another good idea is to transfer property to a testamentary trust.

If you would like more information on the strategies discussed here or any other planning options, we invite you to contact us.

For more information, please call Mary O’Connor (480) 731.8403

All inquiries are handled confidentially.

Pictured with Sony representative Steven Zimmer, Dr. Rufus Glasper and Dr. Steven Helfgot.


A quartet of Maricopa Community Colleges students was awarded

$2,000 scholarships at the fifth annual “40 Hispanic Leaders Under 40”

event held at the Arizona Biltmore resort and spa in Phoenix.

Presented by Univision Radio, the “40 Hispanic Leaders Under 40” awards

honored talented Latino leaders from corporate, government, nonprofit, and

the arts and culture sectors across

the state.

In a new partnership with four of

the event’s sponsors—Univision

Radio, Wells Fargo, Blue Cross Blue

Shield of Arizona, and Chicanos

Por La Causa—the Maricopa Community Colleges Foundation awarded the

scholarships to Maxima Guerrero and Francisco Ibarra-Valenzuela of Phoenix

College (PC), Zintia Martinez-Gonzalez of South Mountain Community College

(SMCC), and Jhannyn Rivera of Glendale Community College (GCC). The

four sponsors combined provided $1,000 to each student, and the Maricopa

Community Colleges Foundation matched those awards, providing $2,000

scholarships per student.

Maricopa Community Colleges Students Receive Scholarships at

“40 Under 40” Event

“These students represent the next generation of young Latino

leaders that have the potential to make a positive difference in our

communities,” said Dr. Steve Helfgot, President and CEO of the

Maricopa Community Colleges Foundation. Helfgot said that each

student was nominated by the director of student life and leadership

at each of the colleges, and a

competitive process selected

the students for scholarships.

Helfgot also said these new

scholarships were made a

permanent part of future “40

Hispanic Leaders Under 40” events. Co-partner, Univision Radio

is equally as enthusiastic about the scholarships. Chery Milovich,

National Accounts Manager said, “We are very excited and honored

for the partnership with Maricopa Community Colleges and Univision

Radio. It is so important to recognize students who are making

a difference in the community and who have made significant

contributions as student leaders.”

Maxima Guerrero is pursuing an associate’s degree in general studies at PC and plans to transfer to Arizona State University (ASU) to pursue a bachelor’s degree in criminal justice. Her goal is to obtain a career in

law enforcement. Maxima is the current Co-Chair of PC’s MEChA

(Movimiento Estudiantil Chicanos de Aztlán) club and volunteers for

the Arizona Dream Coalition, as well as a number of local political

campaigns.

Lefto to Right: Maxima Guerrero, Francisco Ibarra-Valenzuela, Zintia Martinez-Gonzalez, Jhannyn Rivera

Francisco Ibarra-Valenzuela is pursuing an associate’s degree at PC and also plans to transfer to ASU, where he will major in Chicano studies and Spanish with a minor in social work. He holds a work-study program

position in the Veteran’s Services office at PC.

Francisco serves as a PC Student Ambassador, in addition to being an

active member of the Phi Theta Kappa Honor Society, PC’s MEChA club,

and the PC Veteran’s Club.

Zintia Martinez-Gonzalez is currently attending GateWay (GWCC) and South Mountain Community colleges and has been accepted to the Bilingual Nursing Fellowship Program at SMCC beginning in the spring 2012 semester. She holds a work-

study program position in the Veteran’s Services office at GWCC, in

addition to participating in the Hispanic Student Organization (HSO) and

serving as a Student Ambassador through the Geckos in Action Club.

Zintia is also an active member of her church.

Jhannyn Rivera is pursuing an associate’s degree and certificate of communication studies in the workplace at GCC. She plans to pursue a

bachelor’s degree through GCC’s partnership with

Northern Arizona University. Her goal is to start

her own professional networking/public relations

business. She has been actively involved with GCC’s MEChA Club,

serving as both treasurer and vice president. Jhannyn also volunteers

for the Arizona Dream Act Coalition and One Arizona’s Phoenix Rising

campaign.

Meet Caitlyn Bennet ACE AlumnaGeneral Scholarship RecipientMesa Community College

A poised and articulate Caitlyn talks about her busy life: “I sometimes work 12 hours a day and continue my full-time studies in college because I’m working toward a

goal . . . to one day practice tribal law.” Caitlyn’s family was hit particularly hard by the recession. Her mother lost her job as a medical transcriber, and Caitlyn knew that without scholarships and her own income, she was not going to be able to achieve her lofty goals.

“My dad was the only one working at the time, and my autistic brother needs special care; so, I wanted to be able to lighten the load and contribute to the household expenses, as well as cover my own expenses. I knew that without scholarships, I wasn’t going to be able to continue working toward my dreams.”

Caitlyn was introduced to the ACE program in high school. Initially skeptical about giving up her Saturdays, she quickly saw the advantages. “ACE was great. It showed me how manageable college was and made it less intimidating.”

Reflecting on the educational boost she received from ACE and the continuing assistance she receives from MCCF scholarships, Caitlyn sums up her thoughts: “I’m always amazed that there are donors out there that don’t know us, but they generously give and give so that kids like me can make a difference in our community one day!”


Maricopa Community College Foundation

Scholarship Report 2010–2011

The Foundation awards two categories of

scholarships, General Scholarships and Restricted

Scholarships, to students attending the

Maricopa Community Colleges and Centers.

Distribution of General Scholarships by College

I. The first category is the General Scholarship Program. This program awards unrestricted scholarships to students through the financial aid offices at each college/center. As of June 30, 2011, this program awarded 286 scholarships for a total of $126,644

Chandler-Gilbert Community College 115 $12,000Estrella Mountain Community Col-lege

9 $4,594

GateWay Community College 20 $9,775Glendale Community College 53 $20,575Mesa Community College 26 $28,350Paradise Valley Community College 3 $2,020Phoenix College 20 $13,900Rio Salado College 23 $20,917Scottsdale Community College 11 $10,640South Mountain Community College 6 $3,873Total 286 $126,644

College # of Awards AmountII. The Restricted Scholarship

Program awards scholarships to students who meet academic, need and other eligibility criteria established by the donor. As of June 30, 2011, this program awarded 2,424 restricted scholarships for a total of $1,667,359.

Chandler-Gilbert Community College 239 $144,871Estrella Mountain Community Col-lege

125 $68,994

GateWay Community College 221 $120,191Glendale Community College 312 $202,326Mesa Community College 399 $291,069Paradise Valley Community College 72 $50,957Phoenix College 403 $315,602Rio Salado College 140 $50,847Scottsdale Community College 214 $144,030South Mountain Community College 239 $187,158Other University Institutions 60 $91,314Total 2,424 $1,667,359

Distribution of Restricted Scholarships by College

Total Awards by College

College # of Awards AmountIII. Total Awards by College

Chandler Gilbert Community College 354 $156,871Estrella Mountain Community Col-lege

134 $73,588

GateWay Community College 241 $129,966Glendale Community College 365 $222,901Mesa Community College 425 $319,419Paradise Valley Community College 75 $52,977Phoenix College 423 $329,502Rio Salado College 163 $71,764Scottsdale Community College 225 $154,670South Mountain Community College 245 $191,031Other University Institutions 60 $91,314Total 2,710 $1,794,003


Year

# of Funds

Unrestriced/ Restricted

Scholarships

Value

AverageAward

IV. Historical Data 1987-88 6 104 $31,900 $3061988-89 10 131 $43,967 $3351989-90 14 135 $31,086 $2301990-91 30 1,136 $284,446 $2501991-92 26 1,140 $322,118 $2851992-93 52 1,522 $416,380 $2741993-94 48 1,257 $340,277 $2901994-95 66 1,452 $377,699 $2591995-96 59 956 $364,569 $3811996-97 101 1,379 $507,998 $3681997-98 71 1,987 $551,358 $2781998-99 121 1,620 $601,780 $3711999-00 148 1,718 $783,855 $4562000-01 155 1,838 $870,872 $4742001-02 209 1,877 $970,975 $5172002-03 191 1,479 $1,040,133 $7032003-04 243 1,723 $1,053,525 $6112004-05 295 1,569 $1,066,050 $6792005-06 362 1,811 $1,071,665 $5922006-07 262 1,631 $1,539,246 $9442007-08 321 2,236 $1,691,407 $7562008-09 310 3,484 $1,897,362 $5452009-10 317 2,779 $1,884,796 $6782010-11 355 2,710 $1,794,003 $662

Totals 37,674 $19,537,467


Meet Gerardo RodriguezACE StudentPhoenix College

Gerardo, a Carl Hayden High School senior, explains: “College never crossed my mind until I heard about the ACE

program. Once I knew it existed and how it could help me, it opened the door to possibilities for me.”

The oldest of four boys, Gerardo says that his parents, as well as his siblings, are proud of him. His behavior is a model for his younger brothers, and now all of them

talk about going to college like him.

“I’m completely focused on school, and my brothers see it and they want that sense of accomplishment for themselves, too.”

Gerardo has a 3.7 grade point average and will be going to the University of Arizona next fall. His hope is to be accepted into its medical program after he gets his undergraduate degree.

“My grandma was sick for many years, and I spent so much time with her in the hospital. Her memory and her love has inspired me to become a cardiac surgeon one day. With her inspiration and the study skills and confidence that the ACE

program has given me, I know that one day I will be Dr. Rodriguez.”

Historical Data

2011CURRENT ASSETS

Cash and cash equivalents 362,690$ Pledges receivable, net 136,901

TOTAL CURRENT ASSETS 499,591

PLEDGES RECEIVABLE, net of current portion, discount and allowance 81,190

INVESTMENTS 23,457,886

INVESTMENTS HELD FOR OTHER 1,099,461

CASH SURRENDER VALUE OF LIFE INSURANCE 516,424

CASH HELD FOR ENDOWMENT PURPOSES 1,094,502

BENEFICIAL INTEREST IN CHARITABLE REMAINDER UNITRUST 58,477

OTHER ASSETS 23,277

TOTAL ASSETS 26,830,808$

CURRENT LIABILITIESAccounts payable 446,987$ Charitable gift annuity liability 175,966

TOTAL CURRENT LIABILITIES 622,953

INVESTMENTS HELD FOR OTHER 1,099,461

TOTAL LIABILITIES 1,722,414

NET ASSETSUnrestricted 1,302,654 Temporarily restricted 8,530,206 Permanently restricted 15,275,534

TOTAL NET ASSETS 25,108,394

TOTAL LIABILITIES AND NET ASSETS 26,830,808$

INVESTMENT RETURN, net

SPECIAL EVENTS

CONTRIBUTIONS

Revenue Sources

8%

Investment Return, net

47%

Contributions47%

SpecialEvents

SPECIAL EVENTS

ADMINISTRATIVE

SCHOLARSHIPS & PROGRAMS

Expenses

Scholarshipsand Programs

80%

9% 11%

Special Events

Administrative

Assets

Liabilities and Net Assets


Statement of Financial Position

June 30, 2011

Maricopa Community Colleges Foundation TeamBack Row Standing (Left to Right) Ralph Thompson • Pat Wyler • Kala Weinacker • Letty Graham-Corona • Anne Halvorson • Steve Helfgot • Lee McCracken • Linnea Sarkis Alma Padilla • Mary Mickels Front Row Seated (Left to Right) Rachel Rabinovich • Colleen Peterson • Mary O’Connor • Diana Washington


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