Endowment Fund Exceeds $1 Million
September 11, 2020 by Cheri Anderson-Hucks | 2020news
The Spartanburg Community College Foundation Endowment Fund now exceeds $1 million thanks, in part, to a sizable gift. Recently announced by the SCC Foundation Board of Directors, the endowment was created in 2017 to honor SCC and its impact on Spartanburg, Union and Cherokee counties and is part of the Spartanburg County Foundation investment portfolio.
“Exceeding the million-dollar mark is a testament to meaningful partnerships and the incredible support we receive across the community,” explains Bea Walters Smith, executive director of the SCC Foundation. “Growing this SCC endowment means that we can provide ongoing support to the College."
SCC Foundation Board President Kathy Sinclair says, “Gifts to the endowment provide interest income that supports the work of the organization and provides resources to the needs of SCC. The SCC Foundation seeks out private and public resources of all kinds by building and strengthening partnerships to advance the goals of the College. Gifts such as the one to the SCC Endowment reinforce that important work.”
“We are profoundly grateful for the sizable gift to our SCC Foundation Endowment Fund that expressly showcases the capability of our extended steadfast partnerships to continue to invest in and grow our shared communities,” said SCC President, Dr. Michael Mikota. “Together, our partners are working in concert through the mission of SCC to purposefully drive economic vitality and improve the quality of life for this region that will benefit many generations to come.”
“The Spartanburg County Foundation is pleased to partner with the Spartanburg Community College Foundation to maximize our efforts in community improvement,” said Troy Hanna, president and CEO of The Spartanburg County Foundation. “We appreciate the trust the SCC Foundation has shown our Foundation over the years, giving us the opportunity to steward philanthropic assets to include scholarships. The Spartanburg County Foundation also recognizes the importance of endowment building and applauds the SCC Foundation on this significant milestone in building for the future.”
Founded in 1983, the SCC Foundation has built and fostered a strong partnership with the Spartanburg County Foundation. “Throughout the years, many loyal donors and friends of SCC have established several endowed accounts to support students, faculty and staff and campus facilities,” Smith added.
A photo is available for download at the following Flickr link: www.flickr.com/Foundation-$1M-Endowment