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ANNUAL REPORT Message from the Chairman

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ANNUAL REPORT Message from the Chairman Creating Opportunities for Today’s Students... Tomorrow’s Leaders. 2019 ANNUAL REPORT Message from the Chairman Dear Friends: As a graduate of a Missouri Colleges Fund students are registered to vote than their institution and a father of a prospective public university colleagues. 2020 graduate of one of our members, I go out of my way to tell people about Our Executive Director, Mike Backer, calls the virtues of our 18 schools. I am a it the 5-45-65 equation (see chart below). cheerleader for small, independent Our institutions receive only 5% of the Missouri colleges. state’s tuition expenditures, but enroll 45% of the state’s undergraduates and wonderful stories about the students we But many of you reading this message produce 65% of its Bachelor’s degrees. are asking you to sponsor. may not fit the same profile. So why That’s an excellent track record of should you be advocates of the Missouri efficiency! Thank you for supporting the Missouri Colleges Fund? Colleges Fund. We’ll see you on campus! A contribution to the Missouri Colleges Well, consider the following comparisons Fund is a great way to support all 18 of of our MCF students to their public our members – who have proven that Sincerely, university counterparts: they are responsible stewards of your donation dollars. More MCF students graduate on time; Ken Theroff more MCF students receive grants to Please look through this annual report to Ken Theroff, Board Chair help them pay for higher education; MCF learn more about our organization. You members award grants that are 3x larger will find that hundreds of donors value than their competitors; and more MCF our mission. You’ll also see some 18 Member Missouri Colleges Fund Economic Impact 2019: Colleges & Universities Generates Economic Activity Undergraduate Enrollment 9,066 employees $4.6 Billion 81,933 students A Greater Proportion of Missouri’s Degrees: The 5-45-65 Equation Share of State Share of Full-Time Tuition Undergraduate Share of Bachelor’s Expenditures Enrollment Degrees Awarded State of Missouri Missouri State of 95% Colleges Missouri Fund 45% 35% Missouri State of Colleges Missouri Fund 65% 55% Missouri Colleges Fund 5% Students with financial need Overall, MCF campuses MCF campuses produces at MCF campuses receive less enroll 45 percent of all 65 percent of all bachelor’s than 5 percent of the state’s undergraduates in Missouri. degrees awarded in the state. tuition expenditures. Sources: Missouri Department of Higher Education and Missouri Colleges Fund, Inc. 2 • 2019 Annual Report Private Colleges Work Hard To Help Students Succeed. FIRST GENERATIONS STUDENTS ARE MORE LIKELY TO GRADUATE FROM PRIVATE COLLEGES graduated from private graduated from public 70% colleges within 6 years 57% universities within 6 years Avriana Daniels is a sophomore EMPLOYERS WANT LIBERAL ARTS KNOWLEDGE attending Cottey College, majoring in Health Science. of employers think every student should 80% acquire broad knowledge in the liberal arts She is a member of the Dean’s List, historian for the Pride Club, PRIVATE COLLEGE GRADUATES FINISH ON TIME Sigma Kappa Delta, and works on-campus as a receptionist. of graduates of smaller of graduates of regional “When I graduate, I would like 59% private colleges finish 38% public universities finish to attend pharmacy school within 4 years within 4 years or medical school. I plan to become either a pharmacist or a PRIVATE COLLEGES AWARD 3X LARGER GRANTS gynecologist.” $14,826 $4,765 awarded on average per student awarded on average per student at private colleges at public universities LIBERAL ARTS STUDENTS ARE ENGAGED CITIZENS of 18-24 year-old private of 18-24 year-olds who do 77% college students are 53% not attend private colleges registered to vote are registered to vote PRIVATE COLLEGES AWARD 2X MORE GRANTS of students at private of students at public 80% colleges receive grants 40% universities receive grants Nicholas Harris attends Culver- Stockton College majoring in Keely Roudebush is attending Rockhurst Health Science. Nicholas is from University, majoring in Elementary Education. Chicago, Illinois. Actively involved She is from Kansas City, Missouri, and attended on campus, Harris is a member high school at Notre Dame de Sion. “My hope of Phi Eta Sigma Honor Society, after graduating is to become an elementary President of Kappa Alpha Psi teacher or teach special needs children. Becoming Fraternity, the Men’s Football a teacher is very important for me because I want and Track teams, and the Black to be a child’s advocate if they are having difficulty Student Union. “I would like to be learning so that they are able to get the help they an orthopedic doctor. I’m not 100% need in order to succeed at school.” sure but definitely something in the medical field.” 2019 Annual Report • 3 Profile of the Missouri Colleges Fund, Inc. Mission Diversity Statement The Mission of the Missouri Colleges Fund is to acquire The MCF is committed to a policy of non-discrimination resources to help educate students in member and equal opportunity in hiring and in administration independent/private, four year, liberal-arts colleges and of all its programs. The fund does not discriminate on universities. the basis of race, religion, color, national origin, gender, sexual orientation, age, disability or on any other basis History and Purpose that would be in violation of any applicable federal or The Missouri Colleges Fund (MCF) was incorporated state law. in 1952 as a partnership of private enterprise, entrepreneurs, and the member independent colleges Operating Budget and universities in the Show-Me State. For 67 years, MCF The Board of Directors approves a budget which is has been a leader in building communications among its underwritten by equal assessments paid by each member institutions and partners with businesses and member institutions. Gifts to the fund are not used for foundations that mobilize collaboration and financial the administration of the fund. support. It enables these institutions to accomplish more through this joint effort than they might acting Annual Audit individually. Our fiscal year is January 1 through December 31. The financial records are audited annually by Graves and Gifts Go Directly to Support Students Associates, CPA’s, of Jefferson City. All unrestricted support the member institutions receive from the MCF is used for need-based financial aid for qualified students unless otherwise directed by the National Affiliation donor. Recipients of these scholarships are selected by The MCF is affiliated with the Council of Independent the member colleges, not by the Fund. Colleges which is a national partner in a network of member state and regional associations that represent Membership more than 650 private colleges and universities. The member schools are independent baccalaureate degree-granting liberal arts and comprehensive colleges and universities in the State of Missouri, accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools. Erika Jernigan is a freshman from Distribution of Funds Ozark, Missouri, Undesignated funds are distributed equally to member attending Columbia institutions. The MCF accepts contributions designated College studying for one or more institutions and distributes gifts in Business and accordance with the donor’s wishes. Marketing. Erika was a member Legal and Tax Status of Columbia The MCF was formed in 1952 as a non-profit corporation. College’s Dean’s The fund is classified as a public charity under section List and inducted 509(a) (2) of the Internal Revenue Code and is a 501(c) (3) into Alpha Sigma tax-exempt organization. All contributions to the fund are tax-deductible up to the limits prescribed by the law. Lambda Honor Society. She has helped study groups and Our Federal ID Number is 43-0680952. participates in activities at Columbia College’s Springfield campus. “My plan after Columbia College is to stay and Solicitors grow in my current career field. I work for Tripster; we are Business members of the Board, college presidents and an online reservation company in the tourism industry. I chief development officers make solicitation calls on know with my Marketing degree, it will help me grow and behalf of the MCF without compensation from the Fund. move up in the company.” 4 • 2019 Annual Report GIVING OPPORTUNITIES Unrestricted Gifts STEM Scholars Program Unrestricted gifts have played an essential role for our Studies reveal that most eighth and tenth-grade students colleges and universities since the founding of the in Missouri score lower than proficient in math and Missouri Colleges Fund in 1952. These important gifts science. have a profound impact on the ability of our institutions to meet their changing needs. The goal of the Missouri Math and Science Scholars Coalition is to make Missouri a national leader in math, All undesignated funds are used by member colleges engineering, technology and science education. Since and universities to provide need-based financial aid for World War II, math, science and technology have been students. responsible for more than half of America’s economic growth. The STEM Scholars Program raises financial aid to Teachers First Scholars Program underwrite math, technology, engineering and science scholarships at our member institutions. For the past twenty years, many school districts in Missouri have been faced with a critical teacher shortage due primarily to record retirements of experienced First Opportunity Scholars Program teachers. The independent member colleges of the Missouri Colleges Fund are excelling in their efforts to During the next several decades, the United States will respond by graduating properly certified teachers ready experience a major demographic shift affecting college to take their place in the elementary and secondary enrollments and corporate employment. By 2050, the schools in Missouri. population will reach nearly 400 million people, with new immigrants and their children accounting for Since 1998, the TEACHERS FIRST Scholars Program has approximately 80 percent of that growth.
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