Madisonville Community College s Quality Endowment, established during the college s Partners in Progress Community gifts campaign of the mid and late 1990 s, has reserved $11,000 in interest income to support 16 college employee projects during the 2011-2012 academic year. The endowment has a current value of $620,000 and was established with gifts associated with contributions to the Joe Davis Science Building; sufficient funds remained after construction was completed to establish the Quality Endowment -- and subsequent gifts by Autoliv North America, Richard and Phyllis Frymire, Steve and Laurie Cox, Bobby and Patty Dampier and the late Brown Badgett, Sr. have increased the endowment s value over the past twelve years.
The endowment is intended to provide flexible spending options for various academic endeavors, particularly activities associated with natural sciences, humanities, business management, and funding to help employees who are pursuing higher education degrees. The Quality Endowment also provides a small budget for on-going recognition of MCC s most consistent supporters.
Projects funded for Academic Year 2012 include support for enhancements to the financial aid/veterans affairs office, a certification course related to human resources management, partial funding for an economic development-related trip to China for a Business Administration faculty that is being cosponsored by the Kentucky Chamber of Commerce, support for the Director of the Glema Mahr Center for the Arts to attend the South Arts Annual Conference in Baton Rouge, LA., funds for humanities faculty travel, and funding for two biology/anatomy faculty to attend a curriculum review conference in Tulsa, Oklahoma.
The MCC Advancement Office plans to secure additional cash and estate gifts for the Quality Endowment over the next 2 5 years and hopes to have $1.25 million in endowment principle by 2016. Besides professional development support, the Endowment is also used to support technology purchases in the Joe Davis Science Building and the Brown Badgett, Sr. Energy amp; Advanced Technology Center, and to support the college s on-going Title III program.