MONTGOMERY COLLEGE FOUNDATION INC
9221 CORPORATE BOULEVARD, ROCKVILLE, MD 20850 montgomerycollege.edu

Total Revenue
$10,001,256
Total Expenses
$7,483,657
Net Assets
$37,872,144

Organizations Filed Purposes: THE ORGANIZATION SUPPORTS THE EDUCATIONAL ACTIVITIES OF MONTGOMERY COLLEGE, LOCATED IN MONTGOMERY COUNTY, MARYLAND, BY PROVIDING RESOURCES FOR THE COLLEGE TO EXPAND AND ENHANCE ITS CONTRIBUTIONS TO THE COMMUNITY.

THE ORGANIZATION SUPPORTS THE EDUCATIONAL ACTIVITIES OF MONTGOMERY COLLEGE.

SCHOLARSHIPS:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $2.9 MILLION IN SCHOLARSHIP AID TO MORE THAN 2,200 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. (CONTINUED ON SCHEDULE O)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. 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.

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.

STUDENT AND FACULTY SUPPORT:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $1.2 MILLION 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. (CONTINUED ON SCHEDULE O)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. FISCAL YEAR 2020 HAS BEEN A VERY CHALLENGING YEAR FOR MONTGOMERY COLLEGE STUDENTS DUE TO THE COVID-19 PANDEMIC. AS MANY OF OUR STUDENTS WORK TO PAY FOR BASIC LIVING EXPENSES AND THEIR EDUCATION, THE LOSS OF EMPLOYMENT WAS PARTICULARLY DEVASTATING. THE MONTGOMERY COLLEGE FOUNDATION, ALONG WITH MONTGOMERY COLLEGE, WORKED TO IDENTIFY RESOURCES TO HELP STUDENTS PAY FOR THEIR CLASSES AND PURCHASE LAPTOPS FOR DISTANCE LEARNING ,AS WELL AS PROVIDE SUPPORT FOR BASIC LIVING EXPENSES SUCH AS FOOD, RENT AND UTILITIES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael YuenDIRECTOR1$0
Linda A YoungentobDIRECTOR1$0
Cristopher J WhiteDIRECTOR1$0
Erica L WebberDIRECTOR1$0
Morgan SullivanDIRECTOR1$0
Jeffrey Z SlavinDIRECTOR1$0
Roberta ShulmanDIRECTOR1$0
Abigail SeldinDIRECTOR1$0
Catherine F ScottDIRECTOR1$0
Vira SafaiDIRECTOR1$0
Kathryn T PongDIRECTOR1$0
Michael S PaukstitusDIRECTOR1$0
Connie O McguireDIRECTOR1$0
Allison HendersonDIRECTOR1$0
Dawn T HarrisDIRECTOR1$0
R William HardDIRECTOR1$0
Anne L GunsteensDIRECTOR1$0
William C FooteDIRECTOR1$0
Kenneth C CookDIRECTOR1$0
Martin P ColburnDIRECTOR1$0
Ashley B ChengDIRECTOR1$0
Alexander R M BoyleDIRECTOR1$0
Mary Pat AlcusTREASURER3$0
J Stephen Mcauliffe IiiVICE CHAIR2$0
Kenneth H BeckerCHAIR5$0
Donna PinaDIRECTOR OF FOUNDATION FINANCE40$0
Samuel M SpiritosDIRECTOR1$0
Robert John HydornDIRECTOR1$0
Joyce MatthewsEXECUTIVE DIRECTOR40$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202110909349300901_public.xml