SUNY ORANGE FOUNDATION'S NET ASSETS, SCHOLARSHIP SUPPORT AT ALL-TIME HIGHS

9/30/2014

SUNY Orange Foundation Ends 2013-14 Fiscal Year With More Than $14 Million in Net Assets

MIDDLETOWN, N.Y. -- The SUNY Orange Foundation closed its 2013-14 fiscal year with $14.04 million in net assets, marking the highest year-end total in the Foundation’s 27-year history, while it also awarded an unprecedented $277,000 in scholarships to deserving SUNY Orange students over the past year.

Thanks in large part to the recent successful completion of its “Defining Moments” capital campaign, the Foundation has seen its net assets grow by 17 percent--from $11,564,338 to $14,040,412--over the past five years. In that same span, the Foundation has increased its scholarship support by more than 52.2 percent, from 182,000 to $277,407.

“The Foundation is grateful to the entire community for another record-breaking year of fundraising,” says Rich Rowley, chair of the Foundation’s Board of Directors. “There is no silver bullet that promises to sustain the success of the Foundation and the positive impact we are having in supporting the College and its students.

“Rather, the answer is a combination of always being mindful of how incredibly important the College is to Orange County, the unyielding dedication, commitment and hard work of a group of talented volunteers who comprise the Foundation Board and the remarkable support and generosity of our community,” Rowley adds. “It is the continuation of the spirit and work of a small group of civic-minded leaders that had a vision and the determination to establish the community’s college 65 years ago.”

In addition to its scholarship program, the Foundation supported the technological upgrades of 10 classrooms on the College’s Middletown campus in 2013-14. At its recent September meeting, the Board established the Rowley Center Opportunity Fund that will provide scholarships to students pursuing degrees in architecture, biology, engineering and the sciences. The fund will also offer potential assistance for innovative program design, educational initiatives, equipment requests, student support and faculty/staff development opportunities.

The SUNY Orange Foundation, established as a non-profit corporation in 1987, was created to solicit, receive, hold, invest, administer and make expenditures of gifts to or for the benefit of the College. For more information on the Foundation, contact Vinnie Cazzetta at (845) 341-4726.


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Mike Albright
Communications Officer
115 South Street
Middletown, NY 10940
845-341-4728
Email