The Northwest Mississippi Community College Foundation Board of Directors held its first quarterly meeting on Feb. 18. Sybil Canon, associate vice president of development and special projects presented a report on the contributions and endowment earnings for 2013. She reported that contributions exceeded $800,000, which reflected a 30 percent increase in giving over contributions in 2012.
Kelly Bolton of Cook and Bolton Wealth Management Group gave the board an extensive look at the endowment earnings as of Feb. 14. She reported that the value of the endowment, including contributions and earnings, was $8,286,393. Bolton stated that the overall rate of return for 2013 was 10.94 percent.
“This is an exciting report,” said James Dunn, board president. “All of this means that the Foundation will be able to help more students, both in the number of scholarships awarded and in the amount of money going directly to the students.”
The board also welcomed a new member, Sterling Withers of Tunica. He is a Northwest alumnus and longtime supporter of the college. “I am excited to be able to serve this college. I have fond memories of being a student here, and I hope that I can give back in the same measure that I received,” Withers said.
Canon reported that the Foundation had provided funds for championship rings for the 2012 football team and for the Northwest Singers trip to sing at Carnegie hall in January. “In addition, we are able to assist students with textbook assistance and students who are in unexpected crisis situations. We are grateful to all those who contribute to the Northwest Foundation. It is a wonderful testament to the level of compassion for our students and to the belief in the excellence of Northwest,” Canon said.
For more information about the Northwest Foundation, contact Canon at 662-560-1103 or e-mail email@example.com.
Story by LaJuan Tallo, Communications Assistant
Pictured: Sybil Canon, associate vice president of development and special projects at Northwest Mississippi Community College, left, and James Dunn, president of the Northwest Foundation Board of Directors, right welcomed new Foundation board member Sterling Withers of Tunica at their quarterly meeting on Feb. 18. The Foundation reported a 30 percent increase in giving in 2013, when contributions exceeded $800,000. (Photo by Sarah Sapp)