31 January 2013
By Shelly Rockman, Faribault Foundation Director
The Faribault Campus Foundation’s 2012-13 annual fund drive has raised $120,000 toward the goal of $135,000! The team of 45 volunteers, led by Kristen Koch, has been securing cash donations as well as auction items for the annual online auction. Be sure and check out the auction, open for bidding through February 7, at www.biddingforgood.com/scc.
The Foundation has two new endowment funds that were established in the late fall and approved by the Board at the December meeting and one that is in the process of being finalized for approval in February. Endowments require a minimum gift of $10,000 that can be given as a one-time gift or contributed over a three year period. The interest earned by the endowments each year provides the funding for about 20% of the Foundation’s scholarships.
Please help us promote the scholarship opportunities available to all new and returning students for Fall 2013. The SCC Foundations plan to award over $300,000! The process is entirely online and each year we work to improve it so it is more customer friendly. The deadline is March 8, 2013 for consideration for the 2013-14 academic year.