Page 10 - 2013 Foundation Annual Report
P. 10

The IVC Foundation
our students, and our faculty and staff. e Foundation contributed a record high $915,509 to the college in programs, support for managing campus project accounts, faculty and staff development and student scholarships. e Foundation reached an all-time-high revenue of $1,361,454 for 2012-2013, with an increase of 22% in contributions and an increase in net assets of 12%. e charts on the right show the overall income and expenses. With fundraising costs at only 13% and overhead at 13%, the IVC Foundation continues to increase support to the College while maintaining lower-than-average operating costs for nonprofit organizations overall.
u Over 300 students were given a record high of $324,058 in scholarships and awards for the 2013-2014 academic year.
u e City of Irvine has funded the IVC Foundation with $100,000 each year, for the next three years, for student scholarships, high school student programs, and for Early College counselors.
u e online PRO IVC (Promote IVC) campaign increased accounts and donors, enabling faculty, students and staff to reach out directly to their contacts. e Foundation matched the donor contributions 33%, for a total PRO IVC campaign of $272,672 distributed to 77 accounts.
u The 26th Astounding Inventions event drew 460 youth inventions from Tustin and Irvine schools, and an increase in corporate participation. Our major sponsor, Greenberg Traurig, LLP, hosted top students and supported pro bono patent application work. With success beyond prior years, $34,000 was raised for IVC programs and student scholar- ships, and for student inventors. e event attracts regional attention and showcases IVC to the STEM (science, technology, engineering and math) community.
u e Foundation supported IVC faculty by creating an online portal for students to submit their research for the first-ever Political Science Essay Contest, and an online donor site for the Kirk Gorrie Memorial Scholarship.

   8   9   10   11   12