TMCC Foundation Board Meeting Minutes
Wednesday, April 20, 2011 ♦ 7:30 a.m. ♦ TMCC Meadowood Center, room 315
I.
Welcome—Alex Willis
Willis called the meeting to order at 7:35 a.m.
II.
Recommendation for approval of the minutes—Alex Willis (Action item)
A. Executive Board Meeting—January 12, 2011
B. Foundation Board Meeting—January 19, 2011
Motion to Approve: Anita Sullivan; Second: Sue Oldham. Approved unanimously.
III.
Recommendation for approval of the March 31, 2011 Financial Report—Tara Hawkins (Action Item)
A. Approve Cash, gifts-in-kind and pledges: March 2011 (Action Item)
1. Hawkins reported that of the 111 TMCC endowments, none are currently under water
2. TMCC Foundation shows negative net ordinary income of $(283, 354.52) due to payment of
$240,000 for Brand Awareness Campaign
3. Annual Fund Income is lower, due to targeted mailing – return from 102 individuals and
organizations was 26%
4. Unrealized gain of $78,314.88 on Wells Fargo Advisors investment
5. Foundation Auxiliary Accounts – unrestricted income is $125,861.60 with TMCC Foundation
remaining frugal during the continued budget reductions
B. Major Gifts Campaign Account
1. Total Expenses are $259,941.85
2. Five pledges for planned gifts of $50,000 or more
3. To date, received $2.1 million or 6.85% of our goal
Motion to Approve: Sean French; Second: Anita Sullivan. Approved unanimously.
IV.
Special Presentations
A. Major Gifts Campaign Update—Ray Clements, The Clements Group
1. The MGC is in the preparatory phase, putting together different groups and reports
2. We have adopted J.D. Rockefeller’s process
a. Prospects want you to be brief
b. Prospects want to know amount of their fair share and their peers’ fair share
c. Prospects want to know their return on investment
d. Prospects want their donation to be greatly received and greatly appreciated
3. The MGC is following the implementation plan and is on schedule
B. Brand Awareness Campaign for Major Gifts Campaign—Dr. Kyle Dalpe and R&R Partners
1. Dr. Dalpe introduced Lisa Blauth and Tim O’Brien of R&R Partners
2. In 2008, the College conducted a Benchmark Community Awareness Study, which indicated that
TMCC was known and liked, but many participants lacked specific information about the college
provides to the community. Allied Health programs—including nursing and dental hygiene—had
some name recognition, but these numbers were low at 6% and 2% respectively.
3. As outlined in the Feasibility Study report by The Clements Group, a major branding awareness
campaign is needed in advance of the Major Gifts Campaign.
4. The TMCC branding campaign starts next week
5. Blauth and O’Brien gave a presentation that showed the creative campaign: “TMCC, You Complete
Me.”
TMCC is an EEO/AA (equal opportunity/affirmative action) institution and does not discriminate on the basis of sex, age, race, color, religion, disability,
national origin or sexual orientation in the programs or activities which it operates.
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V.
President’s Update—Dr. Maria C. Sheehan
A. TMCC still in budget reduction mode, $10.3 million cut to TMCC next biennium
B. Chancellor Klaich presents to legislators on Friday
C. TMCC has reduced 30 permanent positions, 500 part-time positions
D. 6,000 students may not be able to enroll in classes, and tuition will increase
E. Possible cuts to Allied Health programs: nursing reduced by one third; dental hygiene reduced by one
half; radiologic technology reduced by one half
VI.
Executive Director’s —Report Paula Lee Hobson
A. Hobson was excited to report new pledge of $500,000 for nursing program support and student
scholarships. We are working with donor to identify appropriate naming opportunity. This new pledge
brings total to $2.5 million in five months.
B. The Foundation is currently preparing a seven-figure proposal for Success First for a current donor who
participated in Feasibility Study
VII.
New Business
A. Paul Perkins Retirement—Alex Willis (Action Item)
1. Perkins is retiring from his business and the Foundation Board.
2. President Willis asked the board to consider Emeritus status for Perkins
3. No action taken, nomination forms will go out in the fall
B. Tonya Powell Sabbatical—Alex Willis (Action Item)
1. Powell is out of state and has asked the board to approve an absence from the board – personal time
approved.
C. Endowment Pool Administrative Assessment Fee—Paula Lee Hobson
1. An administrative fee of 1.5% would be assessed quarterly to the Endowed accounts in the NSHE
endowment pool. This is a very modest fee: nationally the fee ranges from 4 to 5.5%
2. The reason for the request is to reflect the Foundation and College’s staff time to manage the
endowments as well as to provide income for the Foundation’s operating purposes.
3. This change would provide income of $85,000 to $115,000 annually of unrestricted funds to the
Foundation.
4. Board agreed that a fee should be approved, but more information is needed.
5. Hobson will meet with NSHE representative and board member Sean French to obtain more
information and bring the information to the Board in August 2011.
Public Comment—Alex Willis
A. President Sheehan commented that all employees of TMCC will be taking a 2.5% reduction in pay in
FY12.
VIII.
VIV. Next Meeting Dates—Alex Willis
 Executive Board—August 10, 2011 at 7:30 a.m., TMCC Meadowood Center, room 315
 Foundation Board —August 17, 2011 at 7:30 a.m., TMCC Meadowood Center, room 315
X.
Adjourn—Alex Willis
Willis adjourned the meeting at 8:36 a.m.
Truckee Meadows Community College
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