Community Investment Campaign Receives Largest Gift and Challenge from Robert Wood Johnson 1962 Charitable Trust
Oct 15, 2006
The Robert Wood Johnson 1962 Charitable Trust has donated $500,000 to the Middlesex County College Foundation’s Community Investment Campaign. The trust has also issued a matching challenge: for every new or increased donation made until December 31, 2006, it will match that gift up to a total of $500,000. Consequently, the potential is for a total gift of $1 million.
“I am absolutely thrilled by the Johnson family’s generosity,” said Michael David-Wilson, executive director of the Middlesex County College Foundation. “When the challenge is fulfilled, this gift will provide perpetual support for 50 more students annually and touch the lives of generations and generations of students.”
Mr. David-Wilson said he is confident that the Foundation will be able to raise $500,000 from the community to meet the challenge grant.
“Now is definitely the time for members of our community who value a quality, affordable higher education to make a difference by investing in the future of deserving students,” he said. “A challenge grant like this has the effect of inspiring other donors. They realize they can double the value and impact of their own gifts.”
The trust will also match any written pledge commitment even if a first payment is not received by year end. Likewise, the challenge will be considered met for anyone who can provide documentation of intent to make a planned gift, gift of life insurance, or name the foundation as a partial or full beneficiary in their will.
Mr. David-Wilson also said that the gift puts the Community Investment Campaign at $2.5 million, only $500,000 from its $3 million goal. “In fact, when we can raise the additional $500,000 from other sources, the Foundation challenge match will bring us over goal at $3.5 million,” he said.
The announcement of the gift was made at reception in October for donors and recipients that the Foundation holds each year.
The Community Investment Campaign, the most ambitious fundraising effort in the Foundation’s 40-year history, represents the opportunity to advance the College and transform the lives of its students.
The Foundation annually grants approximately 650 scholarships. The goal of the Community Investment Campaign is to increase that number to 1,000.
Dr. Joann La Perla-Morales, president of the College, praised the trust for its generosity.
“This campaign will give the dream of education and a better life to even more students,” she said. “We thank the Johnson family for their support. We know the need is there. This is a fabulous development for the College and the Foundation, but most importantly, the students.”
Interestingly, the Johnson family made the first major gift to the Foundation in 1984 – a $1.5 million gift given to start the Foundation’s Scholarship Endowment Fund. The College’s Johnson Learning Center was later named for the family in recognition of the gift.
Mr. David-Wilson said, “Because of the vision and historic commitment of the Johnson family, our scholarship Endowment will grow to approximately $8 million.”
The Middlesex County College Foundation was chartered in 1966 to provide educational opportunities for qualified students and those requiring financial assistance to attend Middlesex County College. By consistently growing financial aid and scholarships and raising funds for select College programs, the Middlesex County College Foundation helps students realize their academic and career dreams. Since its inception 40 years ago, the Foundation has provided more than $7 million in assistance to over 10,500 students.
For more information on the Community Investment Campaign, visit www.mcc-foundation.orgor call the Foundation Office at (732) 906-2564.