Show a 1 L I. I s 5 Development Office Raises Funds By Brian J Development Office works with the community community com com- to fo raise funds for College Educational Pro Pro- Pro Pro- grams The raising fund-raising department works with alumni alum alum- ni conducts telethons and gets financial support from foundations and corporations such as Pepsi Coke IBM Mountain Bell Thiokol Hercules and some local banks for donations Also some people donate material objects like cars trucks and classroom ac ac- Another new and innovative program that the 4 Development Office is currently employing is contributions contri contri- J to insurance endowments Several other community com cori- colleges are implementing this new program I also Peter Maughan Director of Development says that c using this concept gifts to the college c magnified As an example a donor recently t f pledged j just st over 1500 a year as an on going contribution contribution contri contri- ft to the college endowment program This williI will willI K h. h I iI ultimately result in a deferred gift to the college of mo more e than A group of local businessmen have been helping to build up endowment by contributing to the in insurance insurance insurance in- in endowment program These insurance endowments endowments endowments en en- are classified as deferred gifts gift and the donor gets to specify which college program she he wants to support Maughan says There is never enough money for programs scholarships computers student services I child care and new buildings The money the college gets from the he legislature and student stude t tuition is only enough to keep the college r running nning The Development Office is planning for t the e f future ture C will someday reap the he re rewards There ao about mt l' l 5 million the inthe in the college colleg endowment endow endow- currently is v- v s- s i r fati i r mehi ment with several other gifts in the p planning stages With the new use of insurance endowments and other programs looks to have a bright future n |