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CHANGINGLIVES

IVY TECH FOUNDATION

Annual Report2004 – 2005

Dear friends,

With 23 campuses strategically placed where students

live and work, Ivy Tech Community College has long

been Indiana's "hometown" college. During the 2005

session the Indiana General Assembly singled out Ivy

Tech for a bold and unique assignment — to be the

primary instrument for workforce development in the

state. We at Ivy Tech are leaders in the effort to raise

the educational attainment levels of citizens in Indiana.

This is a critically important task for the future of our

state. No other organization, educational, public or

private, is as poised to change the lives of Hoosiers and

help our state on its economic recovery as Ivy Tech

Community College of Indiana.

Ivy Tech’s strength has always been its capacity

to grow and change. But that capacity comes at a

price. With the past decade’s astonishing student

enrollment growth, campuses are strained to the

bursting point. Needs for space, technology and faculty

are all growing more rapidly than the College’s state

funding and student fees can support. Generous-hearted

donors make the difference, through their investment

I V Y T E C H F O U N D A T I O N A N N U A L R E P O R T

We partner with donors to investin Ivy Tech Community Collegestudents, faculty, and programsto build stronger communities anda better Indiana.

As a statewide, open-access,community college, Ivy TechCommunity College providesresidents of Indiana with pro-fessional, technical, transfer,and lifelong education for successful careers, personaldevelopment, and citizenship.Through its affordable, qualityeducation programs and services, the College strengthensIndiana’s economy and enhancesits cultural development.

IVY TECHFOUNDATION

IVY TECHCOMMUNITYCOLLEGE

Project manager, writer and editor: JOAN K. BOYER, CFRE, Director of Donor RelationsDesign and Layout: DAVE LEFFERTPhotographer: DON DISTELWriter: PAT PICKETT

2 0 0 4 – 2 0 0 5

in students and programs. The payback is great –

students realize their dreams of better jobs and better

lives and become shining examples for others and, at

the same time, Ivy Tech is meeting our communities’

needs for nurses, technicians, and business leaders.

This has been an outstanding year for charitable

giving. Under the extraordinary leadership of our

Board Chair, Mark Hagerman, more than $22 million

in private gifts has already been put to work helping

Indiana grow and prosper. Mark has been an incredible

force in his two years as Chair, and leaves a lasting

legacy of volunteer leadership and commitment.

I cannot convey the full measure of my gratitude

to our caring donors. I am simply proud to share, in

this report, a few stories that reflect what their support

means for our students. Thank you for being part of

Ivy Tech’s exciting evolution as the state’s community-

focused workforce development solution. Hang on – next

year promises to be even more exciting!

Jerry Lamkin, President

MarkF. Hagerman

Gerald I.Lamkin

I am gratified to see the overwhelming increase in

charitable contributions to Ivy Tech Foundation and to see

those gifts result in life-changing educational opportunities

for Ivy Tech students. There is true power in giving.

– Mark Hagerman

Chairperson, Ivy Tech Foundation Board of Directors President, Hagerman Construction Company

Gerald Lamkin President, Ivy Tech Foundation Board of DirectorsPresident, Ivy Tech Community College

“ “

Long before she was a member of the Evansville

Regional Advisory Committee for Ivy Tech, Linda White

knew the importance of the College. As the CEO of

Deaconess Hospital, Linda has always been dedicated

to putting well-trained nurses in positions to best care

for patients. The nursing shortage of the last decade

had made that hard to do.

A solution came through a relationship with Ivy

Tech. Deaconess Hospital already was the largest

employer of Ivy Tech Evansville’s nursing grads, but

more nurses were needed. With the hospital’s support,

the campus added a second-start nursing program to

help relieve the shortage. Deaconess established an

annual nursing scholarship fund and provided Ivy Tech

with the Deaconess Hospital Classroom and the

Deaconess Surgery Lab.

The hospital’s contribution to Ivy Tech Evansville’s

capital campaign further enhanced the campus’s ability to

train nurses and technicians who would work at Deaconess.

“Linda sets the bar in this community for

supporting nonprofit organizations,” said Dan Schenk,

chancellor. “We are very lucky to have her as part

of our team.”

Deaconess Hospital could not exist without Ivy

Tech. The College is just that critical in providing the

hospital with high-quality nurses and other key patient

care staff.

– Linda White CEO, Deaconess Hospital

Linda White

“ “

SOUTHWEST REGIONEvansville


Martha Hartstern might never have become a nurse.

Wanting to enroll at Kentucky Baptist Hospital School of

Nursing 40 years ago, she didn’t have enough money

for tuition. “I wouldn’t be here without scholarships,” she

said. “I got into school with a scholarship, and worked

my way through the rest of the three-year program.”

That experience made Martha realize how hard

it is to pay for everyday expenses and pay for college,

too. When she had the opportunity to help others, she

established a scholarship through the Community

Foundation of Southern Indiana that helps cover the

cost of textbooks for non-traditional students with

financial need studying nursing at Ivy Tech. “Nursing

texts are very expensive,” she said. “There are other

sources of financial aid for tuition, but not for books.”

“Many non-traditional students don’t know about

scholarship opportunities when they return to college,”

Martha said. “I hope these scholarships help someone

who has to work while attending school.”

MarthaHartstern

SELLERSBURG REGIONSellersburg

It‘s a dream come true for me to be able to give

back – to give another individual an opportunity they

might not otherwise have had.

– Martha Hartstern, RN Southern Indiana Endoscopy

“ “

2 0 0 4 – 2 0 0 5

Eight years ago, a group of women founded Speaking

of Women’s Health, a day-long conference dedicated

to educating women to make informed decisions about

their health, well-being and personal safety.

Hanover, Indiana is the smallest town to host the

event, but it has made a big impact on Ivy Tech. Through

its Community Investment program, a scholarship fund

was established for Ivy Tech nursing students at the

neighboring Madison campus.

“One of our goals is to keep the spirit of the

conference alive throughout the year in the Madison

area,” said Chairperson Carrie Dirksen. “We carefully

select community organizations and programs that are

making a difference locally year round. Ivy Tech and its

nursing program epitomize that type of organization.”

Missy Distel is an example of an Ivy Tech

education making a difference. “I’m helping patients

every day,” she said. “Scholarships funded through

Speaking of Women’s Health will give others the

same opportunity.”

Speaking of Women's Health is about saving lives

through education. By supporting nursing scholarships

at Ivy Tech, we help to ensure that the best quality

nurses are available to serve our community.

– Carrie Dirksen Chair, Speaking of Women’s Health

Missy Distel, RNOffice of Gil Weizer, MD and Ivy Tech Graduate

Carrie Dirksen

and Missy Distel

“ “

SOUTHEAST REGIONMadison–Lawrenceburg


When Sharon Snyders received her bachelor’s degree

in management from Purdue, she took a pretty typical

career path, working in an office of a local airline.

Suddenly, an opportunity to teach a Junior Achievement

class changed her life.

“From that moment, I was hooked on teaching,”

said Sharon. “It opened the door to a career in education.”

An initial job teaching developmental reading

allowed Sharon to connect with students who, like her,

were first-generation college students working full time,

managing a family, and pursuing their educational goals.

While teaching, Sharon continued her own

education, earning both master’s and doctoral degrees.

“It was wonderful to watch her enthusiasm and expertise

grow as she took courses, incorporated the theory into

her teaching practice, and became so enamored of the

subject area that she pursued a doctoral degree,” said

Barbara Prater, General Education division chair.

Sharon now helps students raise their language

skills up to college standards and is known for

incorporating new ideas into her courses to give students

with different learning styles their best chance to

succeed. Her belief in her students inspires them to

believe and trust in themselves.

SharonSnyders

LAFAYETTE REGIONLafayette

Life does not stand still while we

pursue our goals.

– Sharon Snyders Chair, Academic Skills Advancement ProgramIvy Tech, Lafayette

Recipient, 2005 Glenn W. Sample Award for Excellence in Instruction

“

“

2 0 0 4 – 2 0 0 5

Patrick Klinger’s graduation from Ivy Tech this December

will be an achievement long in the making. After high

school he served in the Army as a military policeman

in Alabama and Germany. He worked for 10 years

in golf-course maintenance, then at a heating and

air-conditioning firm.

Now, at age 38, the proud father of a 10-year-old

and the first in his family to attend college, Patrick is

focused on success as a student. His GPA of 3.94 earned

him membership in Phi Theta Kappa, an international

honor society, where he serves as an officer. A Zollner

Foundation scholarship helped him meet the first of

his current goals: completing his Associate of Applied

Science degree in Construction Technology.

Next he plans to complete a bachelor’s degree in

Construction Technology at Texas A & M in preparation

for starting his own heating, ventilation and air condi-

tioning company. “Ivy Tech has been a life-altering

opportunity for me. I had never truly applied myself

before,” said Patrick.

Not forgetting his working-class roots, Patrick

also plans to begin buying and refurbishing homes to

resell at an affordable price, making a difference for

others as Ivy Tech has made a difference for him.

Ivy Tech has given me a chance to make

something of myself.

– Patrick Klinger Zollner Foundation Scholarship Recipient

Patrick Klinger

“

“

NORTHEAST REGIONFort Wayne


In 1947 Gene and Marilyn Glick set out on a mission

to create quality, affordable, livable housing for

everyone. Since then their company has built more

than 19,000 apartments in 11 states. Through their

philanthropy, the Glicks have helped to build far more

– strong communities with opportunities for people

of all means to fulfill their dreams.

With a gift to enhance Ivy Tech’s Indianapolis

campus, Gene and Marilyn are building again – but

this time they’re building futures, not homes. Their

$1 million gift is providing the foundation for an

empowered workforce and a strong economy for our

state. To show its appreciation, Ivy Tech has renamed

the building the Eugene and Marilyn Glick Family

Technology Center.

“We are honored that the Glick family chose to

entrust this legacy to Ivy Tech,” said Carol D’Amico,

executive vice president, Ivy Tech Community College.

“Within the building that now bears the Glicks’

name, countless students will learn, grow, and discover

as they gain the knowledge they need to succeed in

the next phase of their lives, whether it is continued

education or a good job.”

Eugene and

MarilynGlick

CENTRAL INDIANA REGIONIndianapolis

As a builder and developer, I know the value of

a workforce well trained in technical as well as

professional disciplines. Marilyn and I are pleased to

help open the door to education for students who

otherwise might not have had the opportunity.

– Gene Glick Eugene and Marilyn Glick Foundation

“ “

2 0 0 4 – 2 0 0 5

How did this Hoosier from the small town of Abington,

Indiana end up in Burbank, California as the city’s

network operations manager? The 36-year-old subject

of the riddle, Perry Jarvis, credits Ivy Tech’s Richmond

campus with launching his career.

Perry’s relationship with Indiana’s Community

College began in 1994 when he enrolled in accounting

classes to enhance his career. A year later he was hired

by the College to work as a computer lab technician,

and in 1996 he received his Associate of Applied

Science degree in Computer Information Systems. That

accreditation led him to California where he originally

accepted a position with the City of Burbank on a

nine-month contract. After six months the city bought

out his contract and moved him into his current position

of network operations manager.

Despite his achievements, Perry continues to

upgrade his education in the technology field; he currently

has more than 25 different technical certifications.

“If you choose technology, you have a good

career in front of you,” Perry said. “You have to keep

current. If you do, guaranteed employment is its own

reward. You will always find work.”

A technology degree ensures a good career

now and into the future. Every profession uses

information technology because the whole world is

computerized. My Ivy Tech degree has allowed

me to experience new places and new people

and to flourish professionally.

– Perry Jarvis Network Operations Manager, City of Burbank, California

and Ivy Tech graduate

Perry Jarvis

“

“

WHITEWATER REGIONRichmond


As head of a national corporation, Bob Haddad interacts

with workers throughout the country. He has seen

many who have graduated from high school, but still

don’t have basic skills. “Without a strong foundation,

workers are at high risk of being stuck in low-end

jobs,” he said.

Bob and his wife, Helen, believe that higher

education is the key to advancement, and that two-year

colleges are the lifeline for under-educated workers and

the U.S. economy. That belief and their commitment to

making accessible, affordable education available to

all led them to make one of the largest gifts ever

received by Ivy Tech’s Columbus campus. In recognition,

the campus dedicated the Bob & Helen Haddad Design

Technology Lab. “Ivy Tech gives students a second

chance to gain the critical thinking skills they need to

be successful,” said Bob.

“Bob and Helen believe strongly in the power

of education,” said Chancellor John Hogan. “Their

gift will provide many students with an open door to

future success through an Ivy Tech education.”

Bob andHelen

Haddad

COLUMBUS REGIONColumbus

While working in the new world economy and

with manufacturing in America, I have seen first-hand

what a lack of education and motivation can do to

the workforce.

– Bob Haddad Bob and Helen Haddad, founders of Columbus Container

“ “

2 0 0 4 – 2 0 0 5

The Terre Haute Medical Laboratory (THML) is an

outstanding example of a company that has established

a long-term partnership with Ivy Tech. In 1985, the

lab’s CEO, Dr. M. Bashar Kashlan, actually originated

Ivy Tech’s Medical Laboratory Technology program and

remains its medical director. A THML supervisor

provides expertise as an instructor, and the laboratory

provides paid lab assistant jobs to students during

clinical training – a real boon to many who must rely

on outside jobs to make ends meet.

THML hires many of the program’s graduates,

allowing area residents to obtain well-paying, satisfying

jobs and remain in their hometown. “Because of the

Ivy Tech program, there are no shortages of techs in

Terre Haute,” said Mary Lou Albert, THML’s business

manager. “Most of the grads are local and want

to stay here.”

Besides being a clinical partner, during the last

decade THML has donated nearly $40,000 to the

program for equipment. In addition, the company

has initiated two scholarships each year for medical

technology students.

Ivy Tech is indispensible to us. We are able to hire

students part time during their clinical training, then full

time when they graduate. The Medical Laboratory

Technology program is an excellent way to ensure we

have skilled employees for our lab. The program serves

both the community and our business.

– M. Bashar Kashlan, M.D., CEO

Mary Lou Albert, Business Manager Terre Haute Medical Laboratory

“

“

WABASH VALLEY REGIONTerre Haute

Dr.M.Bashar

Kashlan & Mary

LouAlbert


Darcy Burthay, president of St. Joseph Hospital in Kokomo,

realizes Ivy Tech’s role in workforce development.

During her 20 years at the hospital, she has weathered

many challenges in finding well-trained employees.

Despite nursing shortages, St. Joseph is well-

supplied with quality RNs – graduates of Ivy Tech. In

fact, many received training right in the hospital,

where Darcy assigned two patient rooms for students

to receive real-life, bedside instruction.

She also devised a system to provide donated

medical equipment for the campus that has resulted in

approximately $80,000 in in-kind gifts. In addition, as

a member of Ivy Tech’s Region 5 Development Council,

Darcy has helped to raise private support for the College.

In recognition of her leadership and commitment

to her profession, Darcy’s staff arranged for St. Joseph’s

Ivy Tech nursing scholarship fund to bear her name.

“Through the years, Darcy has been a strong

leader in the healthcare community, setting a positive

example for our students and working tirelessly on

their behalf,” said Chancellor Steve Daily. “We are

fortunate to count her among the friends of the College

who truly make a difference in our students’ lives.”

Darcy Burthay

KOKOMO REGIONKokomo–Logansport

We love Ivy Tech and love working

with the team there.

– Darcy Burthay, RN, MSN President, St. Joseph Hospital

“

“

2 0 0 4 – 2 0 0 5

“If you build it, they will come” proves true not just in

movies. When Ivy Tech Bloomington built a new $24

million campus just three years ago, College leaders

projected enrollment there would grow to 4,000 by

2011. This fall’s enrollment of 3,900 students

approaches that number six years early! This surge in

enrollment creates an urgent need for further growth.

“Grow Ivy Tech – the Campaign for our

Community” was launched this summer with a goal of

raising $3 million. Lending assistance as honorary

chairs are Bloomington civic and business leaders Joan

Olcott, Lee Marchant and Bill C. Brown.

Connie Ferguson, Ivy Tech Regional Board of

Trustees chairperson; Mayer Maloney, Bloomington

Herald Times publisher; and Bloomington pediatrician Dr.

Carol Litten Touloukian are campaign cabinet tri-chairs.

Funds raised will be used to address the serious

shortage of technically trained workers in life sciences

and healthcare, scholarships for all students, the Center

for Civic Engagement, and future campus expansion.

“The campaign isn’t only about economic

development,” said Chancellor John Whikehart. “It’s

about changing lives, breaking cycles and giving people

a chance they might not have otherwise.”

The Grow Ivy Tech campaign is essential to the

economic and workforce development growth of

our community.

– Lee Marchant

Bill C. Brown, Owner, Bill C. Brown AssociatesJoan Olcott, Community Volunteer

Lee Marchant, President and CEO, L JM Enterprises

Bill C.Brown,

Lee Marchant

and JoanOlcott

“ “

BLOOMINGTON REGIONBloomington


When John and Camille Murphy moved to Indiana in

1992 with their children, Allison and Tom, they soon

realized they had made their last move. “Indiana is a

great place for families,” said Camille. “After several

career and family moves – this is the place for us.”

When both children entered college, John and

Camille began thinking about retirement, even at their

young age. They also started thinking about the legacy

they wanted to leave at Ivy Tech. “We needed to plan

for retirement income, but we also really wanted to

help Ivy Tech students continue to have a chance to

succeed and excel,” said John.

The Murphys decided on a charitable gift annuity,

which will provide quarterly income for both for life and

fund a permanent scholarship endowment for business

students when it matures. “I have been on the Foundation

board of directors 13 years now, and know first-hand

what a great place Ivy Tech is,” John reminisced. “For

us, the charitable gift annuity was a perfect match.”

“This is a real win-win situation. John and Camille

have a guaranteed source of retirement income, and

will leave a remarkable legacy to Ivy Tech students

through their generosity,” said Chuck Harris, Ivy Tech

vice president for Development.

John and Camille

Murphy

CORNERSTONE SOCIETYCHARTER MEMBERS

Indiana is a great place to live. Ivy Tech

makes it even better, by changing lives and building

businesses. I am so proud to be part of this

incredible college.

– John Murphy

John and Camille MurphyIvy Tech Foundation Volunteers

“ “

2 0 0 4 – 2 0 0 5

In 2002, the Indiana Dental Association Foundation for

Dental Health was mobilized to address the growing

shortage of qualified dental staff in Indiana. Their

mission: raise funds to help recruit, educate and retain

allied dental team members for dentists in Indiana.

When the Dental Assisting program launched at

Ivy Tech’s Anderson Campus in January 2005, it became

the perfect target for the IDA’s efforts. Subsequently,

the organization gifted a total of $30,000 in grant

monies to the program for start-up costs and equipment

over the last year.

“Anderson is experiencing a shortage of dental

assistants for area practices,” said Teresa Macauley,

Dental Assisting program chair. “Our students will be

qualified to sit for the national certification exam and

begin working as soon as they graduate.”

The 14 students of this first class finish their

course work and begin internships this fall. In the

future, the Ivy Tech program will provide expanded

functions for the dental assisting students. A weekend

continuing education component for dental assistants

will launch this fall, as well.

The Indiana Dental Association Foundation is committed

to helping training programs get up and running to address

the shortage of dental assistants throughout the state. Ivy

Tech’s dental assisting program at Anderson gives

East Central Indiana residents an opportunity to enter this

well-paying profession.

– Dr. Raymond Maddox President, Indiana Dental Association Foundation

Ray Maddox,DDS

“

“

EAST CENTRAL REGIONMuncie–Anderson–Marion


As a developer, Pete Peuquet envisions what is yet to be

and then helps create it. In his role as tri-chair of Ivy

Tech’s Capital Campaign for Northwest Indiana, Pete

sees educated workers powering economic growth for

Northwest Indiana and is helping raise $2 million for a

campus expansion where that education will take place.

“Programs and training at the new Ivy Tech

Valparaiso campus will help attract and retain businesses

critical to the area,” he said. “Employees of those

businesses will benefit greatly from the educational

options available at this wonderful new facility.”

Enrollment at the Valparaiso campus has increased

by more than 550 students in just the past three years,

outgrowing the existing space and prompting the Indiana

General Assembly to approve a $38 million expansion.

Funds raised in the capital campaign will complement

the increased physical space with state-of-the-art

equipment and expanded academic programming.

As an advocate for economic development, Pete

believes strongly that investment in the campus expansion

today will reap rewards years from now as graduates

enter the workforce. “It’s not only what we look at today,

it’s what we try to preserve for future generations,”

he said, paraphrasing Henry David Thoreau.

Pete Peuquet

NORTHWEST REGIONGary–East Chicago–Valparaiso–Michigan City

I think we can look at the new Ivy Tech campus

and what it will provide for the success of students

now, but more importantly, we will see what it can

provide for future generations.

– Pete Peuquet Chairman and CEO, Chester, Inc.

“ “

2 0 0 4 – 2 0 0 5


FINANCIAL OVERVIEWFor the fiscal year ended June 30, 2005

EXPENDABLE REVENUEExpendable Contributions ......................................................$19,728,906Charitable Grants ........................................................................$304,755Investment Return ......................................................................$912,205Real Estate Rental ......................................................................$414,394Realized Gain on Sale of Property ..............................................$117,153Vending & Royalties ....................................................................$544,293Miscellaneous ..............................................................................$195,860

Total Expendable Revenue..........................................................$22,217,566

EXPENSESFinancial Aid ............................................................................$1,471,141Equipment & Technology ..........................................................$5,014,781Staff & Volunteer Training & Recognition ......................................$64,483Special Programs......................................................................$1,985,892Community Outreach & Promotion ..............................................$301,077Assistance to the College..............................................................$279,590Annuity Obligations ........................................................................$4,115Real Estate Rental ......................................................................$221,178Administration ............................................................................$328,658Fundraising ..................................................................................$30,457

Total Expenses ............................................................................$9,701,372

Change to Expendable Fund Balance ..........................................$12,516,194Contributions to Endowed Accounts ..................................................$676,039

FUND BALANCES AND ASSETSExpendable Fund Balance ......................................................$32,208,389Nonexpendable Fund Balance ................................................$10,311,881Board-designated Endowment......................................................$183,581Investments at Cost ................................................................$32,543,242Investments at Market Value ..................................................$33,645,762

Fund balance figures do not include more than $5.5 million in assets held inIndiana community foundations restricted to Ivy Tech Foundation.

Ivy Tech Foundation operates on the cash basis of accounting and, therefore,does not recognize gifts of property in its statements of assets, liabilities andfund balance. Property donated in 2004-05 was valued at $1,173,032.

Total Charitable Contributions for FY 2004-05, per IRS guidelines ......................................................................$21,866,736

2 0 0 4 – 2 0 0 5

SOURCES OF CONTRIBUTIONS

USES OF CONTRIBUTIONS

TOTAL CHARITABLEGIVING TO IVY TECHFOUNDATION

2005$21,866,736

2004$16,037,542

2003$5,622,049

2002$6,808,000

2001$4,432,555

LILLY ENDOWMENT57%

FOUNDATIONS AND ORGANIZATIONS

22%

CORPORATIONS10%

PLANNED AND DEFERRED GIFTS: 7%

INDIVIDUALS: 4%

INSTRUCTIONAL EQUIPMENT52%

GRANT-FUNDED PROGRAMS20%

STUDENT FINANCIAL AID15%

ADMINISTRATION AND FUNDRAISING: 4%

OUTREACH: 3%

OTHER PROGRAMS: 6%

lthough Ivy Tech Community College of

Indiana is one of seven state-assisted

colleges and universities in Indiana,

only two-thirds of the College’s total

funding is appropriated by the General

Assembly. To

make college

affordable, Ivy

Tech keeps

tuition as low

as possible.The

College counts

on private, charitable support through

Ivy Tech Foundation to help students get

the training they need and the quality

they deserve.

To learn more about giving to Ivy Tech

Foundation, please contact the campus

nearest you or call the College

Development office at (317)921-4850

or (800) 732-1470, ext. 4850.

You may also e-mail Chuck Harris at

[email protected] or Perry Hammock at

[email protected].

GIVING TO IVY TECHFOUNDATION

HOW TO MAKE ADIFFERENCE

A Making a difference in the lives of Ivy Tech students is the greatest benefit

our donors experience. Yet there are many ways to give that provide

immediate or deferred tax benefits, allowing donors to make a greater

impact with each dollar.

CASH GIFTSCash contributions to Ivy Tech Foundation are tax deductible to the extent

allowed by federal law. Indiana taxpayers also qualify for a state tax

credit of up to $200 for a joint return or $100 for an individual return.

Some corporations can also qualify for a state tax credit.

CORPORATE MATCHES OF INDIVIDUAL GIFTSMany companies provide matching gifts for higher education. They match

or exceed the gifts of employees and often those of spouses, retirees and

board members. Please ask your employer’s human resources office

whether matching funds are available.

OUTRIGHT GIFTS OF APPRECIATED LONG-TERM CAPITAL GAIN PROPERTYInstead of selling appreciated capital gain property (stocks, bonds, real

estate, etc.) you have held for more than one year and donating the cash

proceeds, consider transferring ownership of the asset to Ivy Tech

Foundation. This way, your deduction is based on the fair market value of

the asset at the time of the gift, and you avoid income taxes you would

owe if you were to sell the property (before donating the proceeds).

LOSS PROPERTYAvoid making an in-kind donation of property that would generate a

tax-deductible loss if you sold it. Instead, it is best to sell the asset and give

the proceeds to Ivy Tech Foundation. This allows two deductions — one

for your loss on the sale and the other for your donation.

GIFTS BY WILL OR LIVING TRUSTA simple way to provide for Ivy Tech is through a bequest in a will or

living trust. Any part, percentage or component of estate or trust assets

can be left to Ivy Tech Foundation. It is important that appropriate naming

language be used in the will or trust, such as: “I hereby leave (amount,


uch of what Ivy Tech will be in years

to come hinges on the generosity of

Hoosiers who see the College as a vital

resource for workforce and economic

development and a caring place to

help people from all ages and back-

grounds reach their potential.

Ivy Tech Foundation created the

Cornerstone Society to show apprecia-

tion to donors who benefit the College

through a deferred gift. The society

honors individuals who have made

gifts through wills, bequests, trusts and

other planned giving arrangements.

Please consider our invitation to join the

Cornerstone Society. A planned gift of

any size qualifies you for lifetime mem-

bership and will create an unending

legacy of opportunity for students.

THE CORNERSTONESOCIETY

Mpercentage, asset or remainder) to Ivy Tech

Foundation, Inc., an Indiana nonprofit corpo-

ration with principal offices in Indianapolis,

Indiana, for the (specific program, fund,

endowment or general benefit of a specific

campus).” While a bequest is a wonderful way to give and help reduce

estate and inheritance taxes, it provides no immediate income tax

advantages.

RETAINING A STREAM OF INCOMEIf you want to donate an asset to Ivy Tech Foundation, but need to retain

or enhance the income that you have been receiving from it, consider

establishing a charitable remainder trust or a charitable gift annuity. These

deferred-giving tools can help you meet your income objectives and provide

a charitable deduction equal to the value of the Foundation’s irrevocable

remainder interest.

FARM OR PERSONAL RESIDENCEYou can qualify for a charitable deduction for the calendar year in which you

make an irrevocable gift to Ivy Tech Foundation of a remainder interest in

a farm or personal residence, and you may retain use of the property for

the lifetime of yourself, your spouse, or your heirs. Gifts of vacation or

summer homes, as well as primary residences, qualify for the deduction.

ENDOWING A FUND AT IVY TECH FOUNDATIONEndowments are gifts that keep on giving. An endowed fund can support

scholarships, programs of study, faculty development or campus operations.

The principal of an endowment is invested to provide annual support for a

desired project and to build value so the distribution retains its buying power

over time. A minimum contribution of $10,000 is required to establish a

named endowed account. Additional gifts can be made at any time.

A little planning can result in big tax savings and provide a lasting tribute

to a donor’s good works. Ivy Tech Foundation’s professionals will work with

you and your financial advisors to meet your own charitable and financial

goals. All discussions are held in strict confidence.

2 0 0 4 – 2 0 0 5

evelopment Councils build local

partnerships to meet specific campus

needs and help students succeed. The

following individuals provided leadership

as council chairs during the past year.

Northwest RegionMIKE ARREDONDOCity of East Chicago, East Chicago

North Central RegionTHOMAS LOWERWells Fargo Bank, South Bend

Northeast RegionWILLIAM L. SWEET JR.Beckman Lawson Attorneys at Law,LLP,Fort Wayne

Lafayette RegionJACQUELINE CHOSNEKChosnek & Hopson, PC, Lafayette

Kokomo RegionGARRY ROBERTSONKokomo Chrysler-Plymouth, Kokomo

Columbus RegionH.E. “BILL” WHISMANArvinMeritor, Columbus

Southwest RegionALAN NEWMANJJB Hilliard, WL Lyons, Inc., Evansville

Sellersburg RegionALICE SCHLEICHERKFC Franchise, Inc., Sellersburg

RESOURCE DEVELOPMENT COUNCILCHAIRS

BOARD OF DIRECTORS

CASPER J. ALESSI JR.National AFL-CIOIndianapolis

TERRY BOWENIndianapolis

BILL C. BROWNBill C. Brown AssociatesBloomington

MAJ. GENERAL GEORGE A. BUSKIRK JR.AttorneyZionsville

RONALD K. FAUQUHEROntario Systems LLCMuncie

WILLIAM R. GOINSVisteon Automotive SystemsRushville

JOHN P. GRIFFINCentral Indiana Building Trades CouncilIndianapolis

WALTER F. GROTE JR.Grote Industries, Inc.Madison

WILLIAM R. GUTZWILLERBruns-Gutzwiller, Inc.Batesville

JOHN L. HARTSTERNClark Memorial FoundationSellersburg

KATHRYN E. HEIDWest Lafayette

ROBERT C. HOLMESIvy Tech Community CollegeIndianapolis

ROBERT A. HOLTMuncie

MERVIN D. LUNGMervin D. Lung Building Company, Inc.Mishawaka

MARK T. MAASSELNIPSCOMerrillville

D


ChairpersonMARK F. HAGERMAN

Hagerman Construction CorporationFort Wayne

PresidentGERALD I. LAMKIN

Ivy Tech Community CollegeIndianapolis

First Vice ChairpersonCORNELIA A. BROWN

Creative Communications, Inc.Munster

Second Vice ChairpersonDONALD G. THOMAS

Kokomo

TreasurerFRED P. RUBEY

Terre Haute

SecretaryLEIGH M. ALLEN

Greendale

LEE J. MARCHANTL JM Enterprises, Inc.Bloomington

JOAN B. MCNAGNYFort Wayne

WILLIAM F. MORRISIvy Tech Community

CollegeIndianapolis

RICHARD P. MORRISONSouth Bend

JOHN M. MURPHYAcordia, Inc.Indianapolis

LU B. PORTERIntegra Bank, NAEvansville

PATRICK R. RALSTONFirst Financial BankTerre Haute

JOSEPH E. REEDLogansport

WILLIAM F. RITZMANNUnited Community BankLawrenceburg

PHILIP B. ROBYThe National Bank of Indianapolis CorporationIndianapolis

A. H. SCHUMAKER IICoca-Cola Bottling CompanyColumbus

JOSEPH H. SEAMANBank One, NALafayette

THOMAS H. TAYLORIndianapolis

TERRY L. WALKERMuncie Power Products, Inc.Muncie

RICHARD M. WEBSTERDesignplan, Inc.Indianapolis

FOUNDATION BOARDEXECUTIVE COMMITTEE

2 0 0 4 – 2 0 0 5

50 West Fall Creek Parkway North Drive Indianapolis, IN 46208-5752 317•921•4850

PERRY T. HAMMOCK, CFREExecutive [email protected]

www.ivytech.edu1•800•IVYLINE

IVY TECHFOUNDATION

IVY TECHCOMMUNITYCOLLEGE

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