COMMUNITY2013

PALM BEACH STATE COLLEGE

FOUNDATION

REPORT

COMMUNITY2013

WWW.PALMBEACHSTATE.EDU/FOUNDATION4200 CONGRESS AVENUE LAKE WORTH, FL 33461561.868.3450

TO HELP SUPPORT PALM BEACH STATE COLLEGE’S

VITAL EDUCATIONAL MISSIONPLEASE CALL 561-868-3450 OR VISITWWW.PALMBEACHSTATE.EDU/FOUNDATION/MAKE-A-GIFT

PALM BEACH STATE COLLEGE

FOUNDATION

REPORT

The Palm Beach State College Foundation was incorporated in 1973 with the mission to encourage,solicit, receive and administer philanthropic gifts for the advancement of Palm Beach State Collegeand its objective of maintaining open access to superlative higher education at affordable costs.It is governed by a community-based, volunteer board of directors.

This influential group of leaders work behind the scenes to make certain the Foundation operatesat optimal levels and to serve as ambassadors to the community.

Palm Beach State College relies on private donors to respond to the needs of our community.Private contributions make the critical difference in access to education, scope of programs andquality of academic life.

The funds raised by the Foundation, a separate 501c3 organization, provide much-needed supportfor student scholarships and world-class, academic programs that recognize and retain talentedfaculty. Many programs would not exist without private funding.

The Foundation has established comprehensive programs that address each of the basic tenetsof fundraising: special events, major gifts, annual and planned giving to ensure opportunities aremaximized. Furthermore, its strategic plan is aligned with the College’s 5-year strategic plan.

The Foundation continues to build relationships with high net worth individuals, private foundations,and corporations. Nearly 30 percent of last year’s donors were new or first-time contributors,indicating a true success in engaging new donors and abundant opportunities. As the Foundationremains committed to instituting donor recognition and stewardship programs, great benefitsare realized.

Awareness for the college’s needs continues to build through participation in our numerous annualevents. These include a golf tournament, the Evening in the Garden reception, scholarship dinnerand the newly created STEAM Initiative Luncheon, which featured Apple, Inc. co-founder, SteveWozniak and brought together nearly 700 community leaders and philanthropists.

Thanks to its generous donors, the Foundation continues to grow each year and is able to increaseits support of students, faculty and programs. In 2012, the Foundation provided $2.5 million inscholarships to traditional students.

Provide sufficient funding so everystudent who wants to attend PalmBeach State College can attend!Create a value for learning and self-worth to unite people of all agesand cultures. Empowered studentsbelieve they are accountable toshape how they live and growwithin their communities.

FOUNDATION COMMUNITY REPORT 1

HISTORYA BRIEF

PALM BEACH STATE COLLEGE FOUNDATION

VISIONSTATEMENT

EDUCATION–A WIN-WIN PROPOSITION

I believe in the power of education! I have personally witnessed the benefits that accrue tothose who are able to achieve a college education – increased earnings potential, long-termemployment and a better understanding of complex geo-political issues. Coupled with thebenefits which accrue to the community – economic growth, cultural development and reducedcrime – education is a win-win proposition.

Being reared in a household of educators, I know first-hand the economic challenges presentedto public K-12 schools, colleges and universities seeking to provide superlative educationalopportunities. While I am the only family member not pursuing a career in education, I remaincommitted to ensuring that everyone who desires an education can realize that dream.

I have chosen to perfect my commitment to education by supporting the Palm Beach StateCollege Foundation, the nonprofit organization charged with developing philanthropic supportfor student scholarships and academic programs. The college serves over 49,000degree/certification seeking students annually, of which over 40 percent receive some form offinancial assistance.

As a business executive, a parent and individual, I know my support of Palm Beach StateCollege improves lives, and I am confident the impact will be felt for many generations.

On behalf of the Palm Beach State College Foundation Board of Directors, I am proud toannounce that board members have personally pledged $100,000 to the STEAM initiative.Like you, we understand how vital this initiative is to the future of our community and country.

ELIZABETH HAMMAFOUNDATION CHAIR

FOUNDATION COMMUNITY REPORT2

COMMUNITY SUPPORT–AN 80 YEAR TRADITION

Palm Beach State College has been creating and nurturing community connections for the past 80years. It was a local initiative that launched Palm Beach Junior College back in 1933. Florida’s firstpublic community college was established to meet this community’s need for higher educationopportunities close to home. Through the years, the College has expanded in mission, programs andreach, yet it is still focused on meeting the community needs. And over the last 80 years, membersof our community have demonstrated their appreciation and support of the College throughoutstanding generosity and support in a variety of ways.

Helping students to achieve success gives educators tremendous satisfaction, particularly when thesestudents face significant challenges – cultural, educational or financial. Equally gratifying is seeinghow this community continuously steps up and supports our educational mission.

Individuals and organizations who contribute through the College Foundation say they consider thisan investment in the community. They recognize that an educated population and highly trainedworkforce are critical to economic vitality and to a better quality of life for everyone. Many are alsoalumni of this institution, and they are committed to helping to pave the way for today’s learners.

As we commemorate our 80th anniversary throughout 2013, please know that our students, facultyand staff truly appreciate and honor the enduring support from this great community that we serve.

DENNIS P. GALLON, PH.D.COLLEGE PRESIDENT

4 FOUNDATION COMMUNITY REPORT

THE BEST POSSIBLE FUTURE

I have witnessed the life-changing power of higher education; I’ve watched young, rawtalent enter this institution of higher education and exit knowledgeable, matured andprepared to compete in a global economy. The College has the privilege of shapingtomorrow’s leaders, of bringing together our best and brightest along with those eagerto learn.

The Foundation has launched a 5-year STEAM Initiative to provide additional studentscholarships and financially support academic programs in Science, Technology, Math,Arts and Science.

We know the great American dream of working hard, buying a home, rearing a family,educating children and retiring comfortably will not happen, cannot happen on an $8 anhour job. Equally, we know that concentrated efforts to provide education will result in aprofessional workforce ready to assume the jobs waiting in the STEAM fields.

This community both desires and deserves the best possible future. The Foundationremains committed to creating a community that flourishes with a vibrant economic fabricwoven from our most precious resource – young people.

SUELLEN K. MANNFOUNDATION EXECUTIVE DIRECTOR

6 FOUNDATION COMMUNITY REPORT

EXPENDITURES2012

SUPPORT OFCOLLEGE PROGRAMS$2,799,030

SCHOLARSHIPS$2,524,788

FUNDRAISING$306,145

MANAGEMENTAND GENERAL$461,135

TOTAL REVENUE

2009 2010 2011 2012

9,000,000

8,000,000

7,000,000

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

$7,183,402$8,510,096$5,259,507$5,117,951

8

FINANCIALS

FOUNDATION COMMUNITY REPORT

DECEMBER 31, 2012BALANCE SHEET

YEAR ENDED DECEMBER 2012INCOME STATEMENT

10

FINANCIALS

FOUNDATION COMMUNITY REPORTFOUNDATION COMMUNITY REPORT

ASSETS

CASH & CASH EQUIVALENTS $3,166,492 $3,400,744

ACCOUNTS RECEIVABLE $276,025 $17,803

INVESTMENTS IN SECURITIES $24,415,349 $23,410,628

PROPERTY & EQUIPMENT NET $11,000 $166,163

TOTAL ASSETS $27,868,866 $26,995,338

LIABILITIES & NET ASSETS

LIABILITIES

ACCOUNT PAYABLE $50,790 $382,865

LIABILITIES UNDER TRUST AGREEMENTS $64,063 $35,418

TOTAL LIABILITIES $114,853 $418,283

NET ASSETS $27,754,013 $26,577,055

This Year Last Year

REVENUES, GAINS& OTHER SUPPORT

TOTAL GRANTS & MATCHING FUNDS $59,315 $144,989

TOTAL CONTRIBUTIONS & GIFTS $4,657,521 $8,433,594

TOTAL INTEREST & DIVIDENDS $654,702 $732,251

TOTAL OTHER REVENUE $5,353 $23,577

TOTAL NET GAIN (LOSS) ON INVESTMENTS $1,941,155 ($824,316)

TOTAL REVENUES, GAINS& OTHER SUPPORT $7,318,046 $8,510,096

TOTAL EXPENSES $6,141,088 $6,449,325

NET SURPLUS/(DEFICIT) $1,176,959 $2,060,771

This Year Last Year

11

13

2012/2013

EVENTS

FOUNDATION COMMUNITY REPORT

L-R: DAVID TALLEY, MELODY SANGER, SUELLEN MANN, DEAN TENDRICH

AND SUPPORTERS

L-R: PETER SUPPLE, ARLENE SCHWARTZ, FLOYD MCDANIEL

L-R: SUELLEN MANN, NOEL GUILLAMA, JULES MORGAN

GREG MARTINI, ELIZABETH HAMMA

VICKI CHOURIS, TOBY NOTMAN

L-R: FERNANDO DEL DAGO, DICK BECKER, DR. DENNIS GALLON, RON WIENDL

PAUL & SANDY GOLDNER

YVONNE BOICE-ZUCARO & AL ZUCARO

LYNN & RALPH IANUZZI

STUDENTS CELEBRATE AT ANNUAL SCHOLARSHIP DINNER

3Cinteractive LLC

Accurate Balancing& Commissioning, Inc.

Advanced Control Corp.

Alan Gerwig &Associates, Inc.

Amodie Engineering& Construction, Inc.

Aspira of Florida, Inc.

Asset Builders, LLC

AT&T

"B" ing The Best, Inc.

Bajans of the PalmBeaches, Inc.

Balfour Beatty Construction

BallenIsles CharitiesFoundation, Inc.

Bank of America CharitableFoundation, Inc.

Bank of Belle Glade

Belle Glade Lions Club

The Bobby Resciniti HealingHearts Foundation, Inc.

Boca Raton Womens Club

Boynton Womans Club

Bravo KB, Inc.

Business Executives, Inc.

The Camiccia-ArnautolCharitable Foundation, Inc.

Cape Design Engineering Co.

Children's Services Council

Cisco Systems, Inc.

Colgate-Palmolive Company

Cruise Industry CharitableFoundation, Inc.

Direct Business Systems

E-TechServices.Com, Inc.

The Elmore FamilyFoundation

Everglades Farm EquipmentCompany, Inc.

Executive WomenOutreach Inc.

Fastrack MCI

First United Bank

Florida Crystals Corporation

Florida Eye EducationFoundation, Inc.

Florida Power & LightCompany

Fox Rothschild LLPAttorneys at Law

The Geico Corporation

Gentile Glas HollowayO'Mahoney

Gerrits Constuction, Inc.

Gertrude E. Skelly CharitableFoundation

Girl Scouts of SE Florida, Inc.

Glades Area MinisterialAssociation

Greater Boca Raton EstatePlanning Council

GW Bailey First RespondersCharitable Fund, Inc.

Gunster

Haile, Shaw &Pfaffenberger, P.A.

Dolly and Homer Hand

Health Care District ofPalm Beach County

Hedrick BrothersConstruction Co., Inc.

Hogan Foundation

The Howard E. HillFoundation, Inc.

Andrew Hurst

IBM Corporation

Insight ThroughEducation, Inc.

John D. & Catherine T.MacArthur Foundation

John Wiley & Sons, Inc.

Kanders Foundation Inc.

Kaufman Lynn GeneralContractors

Lake Hardware &Farm Supply, Inc.

Lake Worth Dollars forScholars Foundation

THE

INDIVIDUALS

Donald Abrams

Deborah and Thomas Altman

William Bosso

Patricia Clark

Linnie Sue Comerford

Anne Dahling

Kathryn Davis

Margaret C. Donnelley

Hermine Drezner

Harriett Eckstein

George Elmore

Verryl Fosnight

Sandy and Paul Goldner

Robert Guarnaccia

Noel Guillama

Georgia Heard

Elsa and Ralph Jacobs

Nona and William L. Kramer

Kathleen Lang

Nicholas A. Larsen

The Revocable Trustof Dorothy A. Luder

Tina and Ron Meshberg

Chad Moss

Gregory Murphy

Joanne Patton

F. Martin Perry

Kyle Reed

Margaret Richardson

Karen Sade

Shannon Sagan

Jess Santamaria

Fabiola Sardinha

Robert Schattner

Betsy and Rick Schuster

Jerold Self

Gary Sellari

Dorothy Von Solbrig Trust

Peggy and George Wedgworth

Lynne and Charles Weiss

Joanna and Douglas Wright

ACKNOWLEDGESGRATEFULLY

&

Lattner FamilyFoundation, Inc.

Leo A. Daly Company

The Lost Tree VillageCharitable Foundation, Inc.

Lotspeich Company of Florida

The Louis J. KurianskyFoundation, Inc.

The Merrill G. & Emita E.Hastings Foundation

Modernizing Medicine

My Sports Dreams, LLC

Neuberger Berman

New England Foundationfor the Arts

OneBlood, Inc.

Palm Beach Broadcasting

Palm Beach County AAUW

Palm Beach County CulturalCouncil

Palm Beach CountyLeadership

Palm Beach InternationalAcademy

Palm Beach ShakespeareFestival, Inc.

Palm Beach StateCollege FACC

Palm HealthcareFoundation, Inc.

PGA Corridor Association

Planet Technologies

The PNC FinancialServices Group

PNC Bank Foundation

Prime Time Palm BeachCounty, Inc.

Publix Super MarketsCharities, Inc.

Quantum Foundation, Inc.

R. C. Hatton, Inc.

Raymond James& Associates

Reaching Our Goal

CORPORATIONS/FOUNDATIONS

SUPPORT

Robling ArchitectureConstruction, Inc.

Royal's O.K. Lunch, Inc.

Sasser's Glass Works, Inc.

Schoolhouse ConsultingGroup, Inc.

Skanska USA Building, Inc.

South Arts, Inc.

South Florida Fair & PalmBeach County Expositions, Inc.

South Pacific Enterprises

Stephen Boruff, AIAArchitects + Planners, Inc.

Virginia & Douglas StewartFoundation

Suffolk ConstructionCompany, Inc.

Sugar Cane GrowersCooperative of Florida

Symphonic Band of thePalm Beaches

TENET

TGI Office Automation, LLC

Thornton Tomasetti

Tierra Consulting Group, Inc.

TKM Bengard Farms, LLC

Tripp Electric Motors, Inc.

United States SugarCorporation

Vecellio FamilyFoundation, Inc.

Vista Higher Learning

Wedgworth's, Inc.

Zyscovich Architects

THE PALM BEACH STATECOLLEGE FOUNDATION

OF OUR LEADERSHIP DONORS

GENEROSITY

FOUNDATION COMMUNITY REPORT 15

To encourage, solicit, receive andadminister philanthropic gifts forthe advancement of Palm BeachState College and its objective ofmaintaining open access to highereducation at affordable costs.

FOUNDATION

MISSION

FOUNDATION

BOARD OF DIRECTORSFRONT: VICKI CHOURIS, YVONNE BOICE, ELIZABETH HAMM-CHAIR, MELODY SANGER, TRISH LOWRY, JOANNA COLMERY-STUDENT

BACK: STAN BRENNER, ASHLEY TRIPP, DAVID DUNCAN, NOEL GUILLAMA-VICE CHAIR, DAVID TALLEY, PAUL RAMPOLLA-TREASURER,GEORGE ELMORE, GARY DARIO, ANTOINETTE THEODOSSAKOS-SECRETARY, STEVE MATHISON

NOT PICTURED: RICKY WADE, BARBARA CAREY-SHULER, STEVE COHEN, GEORGE GENTILE

PRESIDENTDENNIS P. GALLON, PH.D.

DISTRICT BOARD OF TRUSTEESDAVID H. TALLEY, CHAIRCAROLYN L. WILLIAMS, VICE-CHAIRWILLIAM BERGERJOHN W. DOWD IIIWENDY S. LINKLAURA STEVENS, STUDENT

WWW.PALMBEACHSTATE.EDU/FOUNDATION4200 CONGRESS AVENUE LAKE WORTH, FL 33461561.868.3450

TO HELP SUPPORT PALM BEACH STATE COLLEGE’S

VITAL EDUCATIONAL MISSIONPLEASE CALL 561-868-3450 OR VISITWWW.PALMBEACHSTATE.EDU/FOUNDATION/MAKE-A-GIFT