Letter: No tax money for CMC Foundation
Recently, the administration of CMC has approached the board of trustees with bleak projections for the college’s financial stability. CMC must review the costs that the college pays in order to be accountable to you, our taxpayers. My focus is going to be on finding areas where costs can be reduced that shall not have an impact on your success as students and communities.
The CMC Foundation does incredible work helping students gain financial access to college through such programs as the Clough Fellowship and the Davenport Legacy. The people behind the foundation and the philanthropic volunteer foundation members who give freely of their time and money are terrific and never waver from their mission to provide educational financial aid and enrichment of education for Colorado Mountain College students.
However, in the fiscal year ending June 30, 2014, your taxpayer dollars exceeded the contributions made to the foundation. In fact, taxpayers funded the foundation with $892,658, and only $695,789 was used for student scholarships after administrative overhead. This means that CMC could have provided an additional $196,869 for scholarships that year if the college would have directly funded scholarships.
Seeing that CMC is facing financial restrictions, funding the foundation through taxpayer and tuition dollars is not in the best interest of CMC students and our communities. Therefore, I am going to vote not to fund the foundation this year for its annual payment of nearly $1 million.
I am hoping that you, as taxpayers of CMC’s mill levy that provides 68 percent of CMC’s budget, voice your opinion to CMC. Let them know that the nonprofit CMC Foundation needs to seek donations to fund that wonderful organization through philanthropic donors and not use taxpayer and tuition money.
Mary Ellen Denomy
CMC trustee, Battlement Mesa
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