TMCC Foundation 2017 Annual Report

Impact of Giving The impact of giving can be felt throughout the TMCC campus. Founded in 1971, Truckee Meadows Community College serves more than 11,000 students each year at the College’s five sites: Dandini Campus, the William N. Pennington Applied Technology Center, the William N. Pennington Health Science Center, Meadowood Center and the Nell J. Redfield Performing Arts Center. The College’s student population has grown and the programs diversified. This last academic year, the College awarded 1,477 degrees and certificates to 1,174 students, including two Bachelor of Applied Science degrees – a first for TMCC. Since its inception in 1990, the TMCC Foundation Scholarship program has awarded over $6 million to deserving students throughout the College’s programs. This support can be a critical factor in degree completion for many students. In 2017-2018 academic year, TMCC awarded over $734,000 in scholarship support to 557 students in programs throughout the College. Condensed Statement of Net Position As of June 30, 2017 (most recent audited financial statement) Assets Current assets 2,368.180 Non-current assets 505,536 Total assets 2,873,716 Liabilities Current liabilities 1,955,708 Net Position Restriced 509,829 Unrestricted 408,179 918,008 Total liabilities and net position 2,873,716 Restricted Support: $2,624,846 Scholarship/Endowments: $740,300 Unrestricted: $275,219 Giving by Donor Category Alumni <1% Faculty & Staff 1% Foundations 72% Friends 27% TMCC Foundation Endowment The TMCC Foundation currently has 128 endowments invested with the Nevada System of Higher Education Endowment pool. On December 31, 2017, the fair market value of TMCC’s endowments totaled $11,115,348.88. 2017 Revenue Revenue Breakdown