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In Brief... Harper College Students Highlight the Importance of Scholarships Leaving a Legacy Through Planned Giving Page 4

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In Brief... Harper College Students Highlight the Importance of Scholarships Leaving a Legacy Through Planned Giving Page 4 “Noble are they who plant the seeds that grow the trees that provide the shade for generations to come.” – Anonymous Winter 2011 In Brief... Harper College Students Highlight the Importance of Scholarships Leaving a Legacy Through Planned Giving Page 4 Drs. Shirley and Lester Lansky Endowed Scholarship Page 5 Cody Zimmer Maria Sanchez Recipient of the Jeffery and Marcia Bowden Recipient of the Jim McGuire Endowment Fund and the Dr. Ernest B. and Memorial Scholarship Mrs. D. Kris Howard Endowment for Community Service Scholarship Glenn A. Reich In an age of declining public support and rising costs, private philanthropy is essential to ensure Scholarship that Harper College continues to provide an affordable and quality education for those for whom Page 6 college is their only chance — and our community’s best hope — to build prosperity. There are many ways to support the Harper College Educational Foundation. Whether your gift qualifies as an annual, endowed or planned gift, Harper College Educational Foundation staff will work with you to ensure that your gift meets your personal goals and financial needs while also benefiting students and programs at the College. The Foundation is the College’s tax-exempt, Foundation President’s 501(c)(3) direct support organization which serves as the recipient and trustee of all charitable Look into the Future donations to the College. The Foundation certifies that all gifts are maintained as a charitable contribution deduction under Internal Revenue Code sections. Page 8 Through donations to the Annual Fund and designated scholarships, the Harper College Educational Foundation makes a difference in the lives of students today. The Foundation allocates support each year that directly assists students in pursuit of their educational goals. Spotlight on Harper Annually there are more than 130 educational scholarships available to qualifying students. These Educational scholarships provide resources without creating future debt and stress for students. Often they Foundation Board enable a student to focus on their academic goals. Many of these scholarships are established by family members or friends, current and/or former Harper College faculty and staff or area Page 12 corporations. FRQWLQXHGRQSDJH Executive Director’s Column Resource for Excellence College’s directions for student completion, contemporary fine art pieces from local Funds raised through the Resource for Excellence Campaign come from inspiration, partnership and accountability. well-known artists. In addition, artists will employee contributions, individual donors, sponsored events and This plan will create the basis for future fund be available to meet and discuss art related community donors. All these funds support innovative and creative raising efforts. Our plan alignment is intended questions. We are fortunate to have an programs that enhance student academic and cultural experiences. to more dramatically impact student success internationally recognized guest auctioneer, at Harper College. Robert (Bob) O’Connell. He is known in the In 2010/2011 more than $95,000 was granted to programs throughout art community as the “Art Detective”. the College for the Resource for Excellence projects. These funded In continuing to highlight student success, I Proceeds from this event will support the projects included Choice Scholars Institute; The Tribute to Leaders was pleased to be a part of the third annual Harper College art collection as a vehicle Symposium: Engaging African American High School Students; Harper College Distinguished Alumni Awards, for art instruction, art appreciation and Computer Skills Jump Start; College Access for Special Populations; honoring seven very deserving individuals. educational inspiration for all students and Entrepreneurial Success: The Fuel for Economic Growth and As I listened to the honorees bestow their community members. Join us and make Development; Career Stimulus and Students First Discretionary Funds. accomplishments and success in their ART MATTER to you! professional careers to specific faculty of Ana Flores and Rosa Vasquez, recent GED graduates looking forward to Harper College, I was exceptionally proud Thank you for making education your priority! continuing their education at Harper. of the difference Harper makes in individual lives. One honoree cited it simply, “It is Harper that I owe my best.” The RESOURCE FOR EXCELLENCE I am pleased to update you on exciting events and directions for the Educational Foundation New this February, the Educational is an opportunity for everyone to give. Join over the past quarter. In December we Foundation and Harper College liberal arts Catherine M. Brod the Campaign and give today. Chief Advancement Officer, conducted an Educational Foundation Board department have joined together to offer Harper College I gave so: Retreat focusing on the creation of a strategic ART MATTERS! This event will be held on Executive Director, operational plan which will coincide with the Saturday, February 26, 2011 and will include Harper College Educational Foundation • a student can attend college. • an adult can advance their professional career. • a single parent can build an opportunity for the future. • a retiree can continue learning. • a family can achieve their dreams. • a community can have a lifetime of Kathy Millin, Executive Director of the Palatine educational opportunities. Opportunity Center and Harper College Faculty member (ESL/GED) Harper College Educational Foundation upcoming events Spotlight on a Funded Program — The Choice Scholars Institute (CSI) Art Matters Small Works Fine Arts Auction Art Show Reception February 26, 2011 April 14, 2011 The Choice Scholars Institute is an interdisciplinary and interdivisional cutoff for college readiness. In the summer of 2010, the CSI approach initiative dedicated to promoting college readiness by providing an enabled 22 students to enter Harper in the fall semester without taking Evita Theater Reception Harper 23rd Annual academic enrichment program for at-risk students, partnering with remedial classes. College completion success rates are also increased. March 18, 2011 Golf Outing fellow educators and introducing students to learning strategies that Without these programs many of these students would not attempt to June 13, 2011 ensure they are able to meet the challenges of the college environment. enter college or would be required to lengthen their overall college The support provided for the program in the academic year 2010-2011 requirement by taking remedial classes before they are able to take the is to expand the pilot program and offer the summer enrichment required college level course. n program. The program helps students gain the necessary skills and curricula required to gain entrance into college without having to take developmental courses. This program focuses on three basic areas (math, reading and English) and provides concentrated multidisciplinary programs to high school graduates who have scored just below the 2 3 Planned Giving: The Gift That Continues Giving New Educational Foundation Scholarship Pays Tribute Drs. Shirley and Lester Lansky Endowed Scholarship for Health Careers and Science Why retirement benefits make Examples of other IRD, or dual-taxed assets Leaving a legacy on the importance of master’s or doctoral degrees in the areas of excellent charitable gifts include: education prompted Maggi Franks, healthcare, business or education. As you contemplate which assets you • U.S. savings bonds account executive for Harper College might use to fulfill charitable intentions, it The Drs. Lansky spent their careers in • Accounts receivable of a professional or for Businesses, to establish a scholarship is important to recognize that some assets academic medicine (teaching hospitals business owner honoring her parents. carry income tax liability to beneficiaries. specializing in pediatric psychiatry and These items will produce so-called ‘income • Deferred compensation Drs. Shirley and Lester Lansky met at the neurology) because they felt there should be in respect of a decent’ (IRD) and will cost University of Minnesota while Shirley was in access to quality care regardless of one’s • Last salary check your heirs both income taxes and inheritance medical school and Lester was working on ability to pay. After retiring from the University taxes. Because of our tax-exempt status, by • Bonuses and distributions from employee his master’s degree in business (he then was of Illinois Medical Center, the Drs. Lansky gifting these types of assets to a charitable benefit plans convinced by Shirley to go to medical school). continued working parttime at a regional organization like the Harper College They completed their medical degrees and medical center in Minnesota. In their • A partner’s distributive share of partnership Educational Foundation, no income taxes or residencies while raising four children. Maggi remembrance, Maggi and her family are income up to date of death Katherine Sawyer, Associate Executive inheritance taxes are paid and 100 percent Director of the Harper College Educational of the value of these items will benefit the • Payments on installment notes such as Foundation and Director of Major Gifts Educational Foundation for the purpose you land sale contracts shares some insight on charitable designate. Another beneficiary might end up • Commercial annuities planned giving. with only 20 to 40 cents on the dollar after What plans have you made for 2011? With
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