Founder(s) | Dr. Larry Toy |
---|---|
Type | 501(c)(3) tax-exempt |
Founded | 1998 |
Location | Sacramento, California. (Headquarters) Los Angeles, California |
Key people | Paul I. Lanning, Ed.D., CFRE, President and CEO Keetha Mills, CFO Kerry Wood, CFRE, Vice President, Resource Development Vanessa Whang, General Counsel |
Area served | California and 12 other states |
Revenue | $35.3 million |
Endowment | $50 million |
Volunteers | The Foundation's Board of Directors is currently composed of nine individuals, each serving six-year terms |
Employees | 112 full-time FCCC employees; 458 FCCC student assistants working for a variety of state agencies |
Motto | Benefiting, supporting, and enhancing the California Community Colleges |
Website | http://www.foundationccc.org |
The Foundation for California Community Colleges is a 501(c)(3) tax-exempt nonprofit organization based in Sacramento, California. It was incorporated in 1998 by Dr. Larry Toy, the founding president and chief executive officer of the organization. Upon Dr. Toy's retirement in 2007, Dr. Paul I. Lanning assumed the role of president and chief executive officer.[1] The organization has annual operating revenue of over $35 million. The Foundation's mission is to benefit, support, and enhance the California Community Colleges. It is the official foundation to the California Community Colleges Chancellor's Office and Board of Governors.
On May 6, 2008, California Governor Arnold Schwarzenegger announced a $50 million commitment to California's community college students from The Bernard Osher Foundation to establish the California Community Colleges Scholarship Endowment, which is managed by the Foundation for California Community Colleges and benefits students at all 112 California Community Colleges.[2] This is believed to be the largest donation to a public two-year college system in US history.[3]
On February 16, 2010, the Foundation announced a grant award of up to $20 million arising from the Reformulated Gasoline Settlement Fund. This fund was created as a result of an antitrust class action. The purpose of the fund is to achieve a clean air or fuel efficiency benefit for California consumers. With these funds, the Foundation is launching the Vehicle Repair, Retirement and Replacement for Motorists (VRRRM) program.[4]
On August 20, 2010, the Foundation announced a $10.9 million award from the United States Department of Commerce’s National Telecommunications and Information Administration for Broadband Technology Opportunities Program (BTOP) to create the California Connects program, designed to increase digital literacy and Internet usage in underserved California communities by working with the 33 Mathematics, Engineering, Science Achievement (MESA) programs in California Community Colleges.[5]