PCC Foundation adopts new $600K financial agreement

By BRIANNA HERNANDEZ

A $600,000 agreement was signed on Oct. 11 between Pima Community College and the PCC Foundation that clarifies the expectations of each group.

For the past several months, PCC and the foundation have been in talks to refine the working relationship between the parties, PCC spokeswoman Libby Howell said.

“The agreement reflects the foundation’s expanded goals for support of the college,” Howell said.

“Those expanded goals will require additional personnel and infrastructure, and the agreement makes more formal the financial support that will come from PCC.”

Three financial options were explored during study sessions prior to the board’s selection of option two.

“The three options were for Fiscal Year support meaning from July 1 through June 30,” said Rachel Shamming, PCC Foundation executive director  said.

“Since we are four months into Fiscal Year 2017-2018, the middle option seemed the best choice since we only have eight months remaining.”

The Middle Option

The second option calls for spending $600,000 for new fundraising programs, donor management software and services, additional staffing resources, and the services of a professional fundraising consultant.

“With the $600,000 option, we will begin the new foundation services as described in the Board of Governors’ meeting materials,” Shamming said.     “We wanted to be realistic about the fundraising programs the foundation could initiate within the balance of the Fiscal Year.”

A total of $74,000 would be dispersed for community events, campus development and college meetings.

This approach calls for additional fundraising programs, such as corporate giving, alumni programs and donor stewardship.

“The $600,000 provides additional fundraising programs that the foundation historically could not support,” Shamming said.

The New Reality

The plan is to expand the scope of the foundation’s reach.

Previously, the foundation solely focused its efforts on raising money to put toward scholarships for PCC students.

Since 2013, the foundation has given more than $4 million in scholarships. The foundation will continue its support for scholarships but explore new ways it can assist students.

Aside from scholarships and community events, the foundation will focus on gift programs like matching gifts and internal gifting program to raise money.

Shamming cited the elimination of state funding for PCC as a reason for the foundation’s shift.

“This has necessitated community colleges to turn to the private sector to raise money from private companies and individuals,” she said.

Shamming said the foundation hasn’t done enough to connect with alumni and corporations.

The foundation, which was established in ’77, is considered a 501c3 nonprofit organization as designated by the IRS.

“A 501c3 can receive monies from individuals and corporations that are tax deductible to donors,” Shamming said.

“We haven’t really connected in depth with corporations. We know a lot of corporations will do funding,” she added.

Within the last six months, the foundation has also added new board members.

The new members have industry and philanthropy backgrounds.

One of the members includes Lowell Rothschild, former attorney and father of Tucson Mayor Jonathan Rothschild.

Shaming specified at the Oct. 11 board meeting that the reason Rothschild is an asset is because of his deep connections in Tucson.

“The reason is to escalate philanthropy and fundraising in the Southern Arizona community,” Shamming said.“All of the new board members are either wealthy themselves or have access to wealthy friends and acquaintances. They know thousands of people in our community.

“These contacts will speed our fundraising efforts as the foundation adds more services in support of the college.”

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