Program areas at MCF
Program service 1:scholarships:this year the Montgomery College Foundation was able to distribute over $2.6 million in scholarship aid to more than 2,000 students. This would not have been possible without the generosity and vision of our donors, who recognize that education is the key to lifting individuals and families out of poverty, which is the greatest barrier to a College degree. Through the generosity of our donors, the Foundation has supported numerous programs including our community-changing achieving collegiate excellence and success (aces) program, which is designed to reach the most vulnerable students in our community - including first generation, african american, hispanic, as well as those who will be the first in their family to attend College. This forward-thinking program provides coaching support to students who have both the desire and the capacity to pursue a College degree while they are still in area high schools in order to prepare them to attend Montgomery College and, ultimately, to receive their bachelor's degree. In addition, this year the Montgomery College Foundation provided scholarships to students participating in the presidential scholars program. The presidential scholars program works to increase the representation of african american men in high-wage, high-demand careers. The program is open to students of all backgrounds who are committed to the program goals. Our faculty and staff are dedicated to ensuring the College fulfills its mission, which is to empower our students to change their lives and enrich the life of our community, and we thank our donors who make this possible.
Program service 3:student and faculty support:this year the Montgomery College Foundation was able to distribute over $850,000 in grants supporting a variety of academic programs that reflect the talents and interests of Montgomery College's student body including, but not limited to, our global humanities institute (ghi), our southern management leadership program and our macklin business institute (mbi). Ghi was created to ensure our curricula are developed with a global perspective in order to prepare our students for the needs of today's employers. This program was launched after we secured a prestigious challenge grant from the national endowment for the humanities, which led to the College embarking on a $1 million fundraising campaign. The southern management leadership program is a scholarship initiative designed to educate our students who have an interest in entrepreneurship and an enthusiasm for starting a business venture or leading a company. The goal of this innovative program is to support, develop, and graduate ethical leaders who want to energize and give back to their local communities. Additionally, our macklin business institute provides its business students with an experiential learning program, providing a hands-on experience in the business world within our community. By coupling real-life experience with what students are learning in business classes, mbi students are often better prepared to succeed when they transfer to top business schools. This year the macklin finance lab opened where students can utilize financial software used in investment banks, brokerage houses, and hedge funds on wall street. This extraordinary opportunity for students in a community College setting was made possible through a $1.22 million donation from the macklin Foundation. The Montgomery College Foundation continues to support student with emergency needs. This year approximately $93,000 was provided in emergency assistance.
Program service 2:facilities expansion support:the purpose of the Foundation is to raise funds for the benefit of and to otherwise support Montgomery College. In addition, the Foundation borrows funds on behalf of the College to purchase real estate for the use of the College or otherwise in furtherance of the College's mission. The Foundation has provided assistance to the College through a series of municipal bond offerings. Through these projects, the College has been able to build two parking garages, purchase two buildings for offices and classrooms, and remodel a building to create an art center.