The 2012-2013 campaign year for the Cleveland State Community College Foundation ended on several high notes.
“We had a great year on both fronts,” said J. Adam Lowe, the executive director of the Foundation. “We averaged over 10% in growth with our market investments and, thanks to our faithful donors, we raised over $365,000 toward scholarships and projects.”
Mr. Lowe said that such growth could not have come at a better time. Tuition continues to rise for community college students, and unemployment in the surrounding area has been hovering around 8% for some time. The CSCC Foundation has responded by finding ways to subsidize tuition and job-readiness training.
“This past year, we helped over 200 students with close to a quarter of a million dollars in tuition assistance,” said Mr. Lowe. “All the while, we were able to raise more than $100,000 to launch OneSource, a workforce readiness and assessment center that stands to help the unemployed develop to become job-ready.”
Support for the Workforce Development Fund has been made possible in part due to contributions from the Tucker Foundation and the Bank of Cleveland. Since securing private funding, Mr. Lowe said he has leveraged it toward securing as much as $1.2 million in state funds.
“It’s a testimony to how private support can do something transformative and lead public dollars in the right direction,” Mr. Lowe said of the pending state investments in workforce readiness. “We are proud to be pioneers in that arena.”
Workforce Development Director Rick Creasy said that OneSource is off to a great start. “We have been working with our area employers in assessing employee potential,” stated Creasy. “We feel that our efforts in workforce readiness bridge the gap and will positively impact employment in our service area.”
As for the Foundation, Mr. Lowe said that the student and campus needs are ever present. He said, “For the coming campaign year, we will maintain our focus of providing educational and professional opportunities for our students. Recent gifts such as the Miller Family Math Lab endowment, will be helping bring recent graduates up to college readiness. Developments like this make attending college possible for so many.”