MIDLANDS TECHNICAL COLLEGE FOUNDATION, INC. Statement of Financial Position June 30, 2019


Eight out of ten MTC students rely on financial aid, but as public funding dwindles, the need for scholarships to close the affordability gap increases. Donor gifts ensure that students can pursue their dreams regardless of their ability to pay the full cost of tuition.


When “life gets in the way” for MTC students, donor-funded emergency grants can make the difference in their ability to complete an academic program, obtain a degree or certification, and become part of the Midlands’ workforce.


In addition to helping great things happen now, donors also make gifts to ensure the Midlands’ future is even brighter. Endowments serve as “savings accounts” where only the investment earnings are eligible to be spent in support of the endowments’ purposes. These gifts truly last more than a lifetime.


ASSETS


Cash and cash equivalents Contributions receivable, net Other receivable Investments


Total assets


LIABILITIES AND NET ASSETS Accounts payable


Total liabilities Net assets:


Without donor restrictions With donor restrictions


Total net assets Total liabilities and net assets FUNDRAISING TOTAL | FY 2018-2019


$675,328.42 Total New Gifts Received (cash and stocks, pledges, and gifts in kind) Alumni


Businesses, Corporations, and Foundations


Commission and Foundation


Board of Trustees Faculty and Staff Gifts In Kind Individuals


$32,947 $428,647


$15,783


$38,730 $54,368 $104,230


CONTACT THE MTC FOUNDATION


Nancy McKinney, CEO 803.732.5355 | mckinneyn@midlandstech.edu


Tom Schlictman, Executive Director of Development 803.732.5239 | schlictmant@midlandstech.edu


Jason Boice, Senior Director of Development 803.732.5330 | boicej@midlandstech.edu


$1,683,003 $10,754,464


$12,437,467 $12,547,554


$566,679 $486,958 $31,470


$11,462,447 $12,547,554


$110,087 $110,087


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