MCC Foundation Receives $1 Million Gift from Johnson Foundation
The Middlesex County College Foundation has received a $1 million gift from the Willard T.C. Johnson Foundation. The gift is structured in two parts: an outright gift of $500,000 as well as a challenge grant of $500,000.
"We are most grateful to the Willard T.C. Johnson Foundation, Inc. for this exceedingly generous gift commitment," said Foundation Board Chairman Brian Daugherty. "A gift of this magnitude is extraordinary in the best of times, but at this critical juncture it means so much more."
In order to earn the full $500,000 challenge match, the Foundation's supporters must make new scholarship gifts or pledges, which, when added together, equal $500,000 or more. Every dollar received in response to this challenge will be matched dollar-for-dollar up to a total of $500,000. At the end of this campaign, which ends on June 30, 2010, the Foundation will have raised $1.5 million to provide scholarship assistance to deserving Middlesex County College students for years to come. As a result, approximately 75 more students will receive scholarships each year.
"The officers of the Willard T.C. Johnson Foundation, Inc. understand the importance of this College and are pleased to support the Scholarship Endowment Fund," said Betty W. Johnson, chairman of the Board of Directors.
Michael David-Wilson, executive director of the Middlesex County College Foundation, expressed his gratitude, saying, "We are honored to have been chosen from the many charities seeking the Johnson family's support in this year of great need and limited philanthropic resources."
Mr. David-Wilson said there are many ways the public can help the Foundation earn the full $500,000 match.
"Any new scholarship gift commitment received before June 30, 2010 will have twice the impact," Mr. David-Wilson said. "Gift commitments may be in the form of cash, check, stock, multi-year pledge, intellectual property rights, real estate and more. You may also name the Middlesex County College Foundation as either a beneficiary of an insurance policy or beneficiary in your Last Will and Testament."
College President Joann La Perla-Morales said the need for scholarship support is greater than ever.
"Many of our students are the first in their family to attend college," she said. "They are hard working but need some financial assistance; the need is very real. This gift will allow our students to live their dreams. It is also an investment in central New Jersey. We need more talented people contributing to the economy of New Jersey and this gift will make that happen. It also shows faith in Middlesex County College and the work that we are doing. We are so grateful."