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College of Central Florida Foundation, Inc. Endowment Fund

Name: Donors & Alumni – College of Central Florida

Assets Under Management: $89.3 Million (Source: College of Central Florida Foundation, Inc. on 12/31/2013)

Annual Report: College of Central Florida Foundation, Inc. A Component Unit Of The College of Central Florida Financial Statements Decemner 31, 2013

Portfolio Insights: “This section of the College of Central Florida Foundation’s annual financial report presents our discussion and analysis of financial performance for the fiscal periods ending on December 31, 2013 and 2012. Total assets increased by a total of $7.7 million (9.5%). Current assets decreased by $1.7 million, due to the transfer of PFF LEVY funds from matured CD’s to an investment portfolio. Capital assets decreased by $161,012, attributable to assets being depreciated. Non-current assets, including the Foundation’s investment accounts, increased by almost $9.7 million (17.2%) as a result of contributions added and strong investment earnings on endowments.” (Source)

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Top College of Central Florida Foundation, Inc. Endowment Fund Headlines:

1) College of Central Florida Foundation’s mission is to identify, solicit, and acquire restricted and unrestricted resources to support the college in providing educational services to Citrus, Levy and Marion counties. Our major direction is to create public awareness of the college and foundation, to provide funds for restricted scholarships/chairs, to provide unrestricted funds for the college, to prudently manage the assets of the foundation for the college and to secure foundation operational funds to ultimately support the college. (Source)

2) The College of Central Florida Foundation has been named the recipient of a $1 million bequest from Cory Pool, chair of the CF District Board of Trustees. The future gift has been designated to support the CF Foundation STEPS — Scholarships Taking Elementary Promising Students to CF — and Promise for the Future Fund.

“Cory’s dedication to CF is apparent in his commitment to serving the college, professionalism as chairman and also the financial support he has given the college during and prior to being appointed as college trustee,” said Dr. James Harvey, interim CF president.

Pool became a member of the CF Foundation Board of Directors in 2008 and soon after was appointed the CF District Board of Trustees. He is the vice president/chief financial officer of Jenkins Auto Group. Pool feels strongly about giving back to the community where he grew up. He is the namesake of a STEPS scholarship at South Ocala Elementary School, which he attended. (Source)

3) The College of Central Florida Foundation recently announced that it reached its goal of securing two $4,000 endowed scholarships for every eligible elementary school in Citrus, Levy and Marion counties. Each school year, Scholarships Taking Elementary Promising Students to CF gives one male and one female fifth-grader from each school a $4,000 scholarship to attend CF upon high school graduation.

The foundation established STEPS to CF in 2005, after retired local businessman and former CF Foundation board member Bernard Little Jr. presented the concept. Little went on to personally fund the first three scholarships, one in each county served by the college. Over the next few years, he funded many scholarships naming most for community leaders.

This year, all funds raised from the foundation’s signature event, Taste of Ocala, will benefit STEPS to CF. When Chris Knife joined the CF Foundation in 2014 as its new executive director, he challenged the CF Foundation board and Taste of Ocala committee to reach the program goal of securing two scholarships for all 47 eligible elementary schools in Citrus, Marion and Levy counties before the end of the year. (Source)

4) College of Central Florida provides access to high quality, high value baccalaureate degrees, associate degrees, certificates and diplomas, and promotes the economic, social and cultural development of our community. (Source)

5) STEPS to CF, a program of the College of Central Florida Foundation, awards scholarships to deserving fifth-grade students who have excelled academically and can benefit from the incentive of having a college scholarship at an early age. The students must maintain good grades and remain drug and crime free through their high school years. In return, each receives $4,000 toward an education at CF, according to a news release.

“The success of this scholarship program is due to the generosity of our donors,” said Joan Stearns, vice president of Institutional Advancement at CF in the release. “This honor from the Citrus County Board of Commissioners recognizes the commitment of our community to education. We all benefit when we invest in the future of our children.”
In Citrus County, there are 15 STEPS to CF endowments in place; 45 scholarships have been awarded since the program began in 2005. (Source)

About Richard C. Wilson