The Morgan Community College (MCC) Foundation is pleased to announce the receipt of a donation of $843,750, made possible through a trust gift from an anonymous donor. At the request of the donor, funds have been earmarked to support students pursuing a career in a trade and will be allocated towards scholarships for individuals enrolled in MCC Career and Technical Education (CTE) programs as well as help purchase equipment to support these programs.
The MCC Foundation Board approved $193,750 from this donation to be made available immediately to MCC for scholarships and program equipment needs; $500,000 to be invested in a permanent endowment dedicated to CTE Scholarships and Program support, with a portion of the earnings from this endowment becoming available annually to aid students and procure program equipment; and $150,000 to be matched by $150,000 from a Title V Federal Grant to create a MCC Title V Endowment, which will play a pivotal role in advancing the institution’s long term commitment to education and community development.
This Title V endowment, designed to help secure the future of education in northeast Colorado, will be invested for a minimum of 20 years. Following this period, at least fifty percent of the funds will provide support to students enrolled in Career and Technical Education (CTE) programs, along with the purchase of essential equipment to enhance the quality of CTE education. The remaining funds will be used to fulfill the original objectives of the Title V Grant, which includes offering financial assistance to low-income and Hispanic students who are pursuing their education at MCC. Over the course of the 20-year investment period, the $300,000 endowment is projected to grow substantially, potentially reaching an estimated $1 million. This growth will not only help support the financial stability of MCC but also bolster its ability to provide quality education and support to its diverse student body.
“What a surprise to receive this gift!” stated Susan Clough, Director of Development for the MCC Foundation. “The donor obviously cared deeply for career and technical education. Working together, the MCC Foundation and the College were able to develop a comprehensive plan to meet the donor’s request. Dividing the funds in several ways allows immediate needs to be met, as well as create endowments to support CTE students and programs well into the future.”
This generous donation stands as one of the largest contributions ever received by the MCC Foundation, demonstrating the profound impact collaboration between educational institutions and philanthropic donors can have in making quality education accessible to all. MCC remains committed to enhancing educational opportunities for students and continuing to serve as a cornerstone of progress in northeast Colorado.
“This generous gift represents a significant boost toward fulfilling our mission of fostering educational opportunities in the region,” stated Dr. Curt Freed, President of Morgan Community College. “We are immensely grateful for this gift from the anonymous donor’s trust and the Title V Federal Grant, both of which provide resources for students to achieve training to meet the skilled workforce needs in our communities.”
About the MCC Foundation: The mission of the MCC Foundation is to secure financial resources for the growth and development of Morgan Community College (MCC) and to provide an exceptional learning environment for students.
For more information about the MCC Foundation, visit MorganCC.edu/giving or contact Susan Clough, Director of Development, at [email protected] or 970-542-3133. Donations can be made to the MCC Foundation online at MorganCC.edu/giving or mailed to the MCC Foundation, 300 Main Street, Fort Morgan, CO 80701. All gifts made to the MCC Foundation are tax deductible.
To learn more about MCC Career and Technical Education programs, visit MorganCC.edu or call 970-542-3100.