Madisonville Community College s (MCC) Quality Endowment, has reserved $12,000 in interest income to support employee professional development projects during the 2012-2013 academic year. Beginning in 2012, the awards have been renamed the Frymire Family Award Series in honor of Richard and Phyllis Frymire, long-time benefactors of both MCC and the Glema Mahr Center for the Arts. Judge Frymire was General Chairman of the Partners in Progress community gifts campaign, and at the conclusion of this five-year effort in 1999, the Quality Endowment was established. Endowment deposits that support the Frymire Family Awards have a current market value of just over $275,000 and have received generous gifts over the past decade from the Frymires, Autoliv North America, Bobby amp; Patty Dampier, Chester and Jennifer Thomas, and the late Brown Badgett, Sr. MCC officially renamed the award series honoring the Frymires during a December 1, 2011 luncheon.
The endowment is intended to provide flexible spending options for various academic endeavors, particularly activities associated with natural sciences, mathematics, humanities, student counseling and advising, and support of employees pursuing higher education degrees. The maximum annual award per employee is $1,200. Awards made for the upcoming year include support for:
The MCC Advancement Office hopes to secure additional cash and estate gifts for the Quality Endowment over the next 2-5 years and to have $1 million in total endowment principle by 2016, including $400,000 to permanently support professional development awards. Besides the Frymire Family Awards, the Endowment is also used to fund technology purchases for the Joe C. Davis Science amp; Technology Building and the Brown Badgett, Sr. Energy amp; Advanced Technology Center, to support Sadler Center tutorial staff wages at MCC s Muhlenberg Campus, and to fund the college s comprehensive Advising and Transfer Center.