Spartanburg Community College creates new endowment fund with The Spartanburg County Foundation
July 3, 2017
The Spartanburg Community College Foundation has established a new endowment fund with The Spartanburg County Foundation which will support the needs of Spartanburg Community College. In a presentation held on Thursday, June 29, SCC officials presented seed funding for the endowment to Troy Hanna, president and CEO of The Spartanburg County Foundation.
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“This new endowment was established with many years of generous donations from supporters of SCC,” said Bea Walters Smith, SCC’s executive director of Advancement and the Foundation. “Marrying these funds into one account will provide unending support to the College and reinforces the mission of the SCC Foundation, which is to seek private and public resources to support the needs of students, faculty and staff of Spartanburg Community College.”
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The purpose of the endowment is to work toward investing funds in perpetuity, unlike expendable funds typically used for immediate needs, so that the SCC Foundation has a permanent, self-sustaining source of funding.
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“We at The Spartanburg County Foundation are honored to continue our long-standing partnership with Spartanburg Community College,” said Troy Hanna, president and CEO of The Spartanburg County Foundation.
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About the Spartanburg Community College Foundation.
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The SCC Foundation exists to provide assistance to Spartanburg Community College through the provisions of scholarships, curriculum resources, equipment, facilities and grants that help students, faculty and the community achieve educational excellence thereby contributing to a vibrant, local economy. For more information, visit www.sccsc.edu/foundation.
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About the Spartanburg County Foundation.
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The Spartanburg County Foundation is committed to improving the lives of Spartanburg County residents by promoting philanthropy, encouraging community engagement and responding to community needs. Established in 1943, the Foundation is the oldest community foundation in South Carolina. It is governed by a volunteer board of respected community leaders and managed by professionals with knowledge of the community and its most pressing needs. For more information, visit www.spcf.org.
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