Foundation for California Community Colleges
Encyclopedia
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. 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. This is believed to be the largest donation to a public two-year college system in US history.
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.
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.
Nonprofit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...
based in Sacramento, California
Sacramento, California
Sacramento is the capital city of the U.S. state of California and the county seat of Sacramento County. It is located at the confluence of the Sacramento River and the American River in the northern portion of California's expansive Central Valley. With a population of 466,488 at the 2010 census,...
. 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. 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
Governor of California
The Governor of California is the chief executive of the California state government, whose responsibilities include making annual State of the State addresses to the California State Legislature, submitting the budget, and ensuring that state laws are enforced...
announced a $50 million commitment to California's community college students from The Bernard Osher
Bernard Osher
Bernard Osher is an American businessman, best known for his work as a philanthropist.-Life and career:A native of Biddeford, Maine, Osher studied at Bowdoin College, where he graduated in 1948...
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. This is believed to be the largest donation to a public two-year college system in US history.
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.
On August 20, 2010, the Foundation announced a $10.9 million award from the United States Department of Commerce
United States Department of Commerce
The United States Department of Commerce is the Cabinet department of the United States government concerned with promoting economic growth. It was originally created as the United States Department of Commerce and Labor on February 14, 1903...
’s National Telecommunications and Information Administration
National Telecommunications and Information Administration
The National Telecommunications and Information Administration is an agency of the United States Department of Commerce that serves as the President's principal adviser on telecommunications policies pertaining to the United States' economic and technological advancement and to regulation of the...
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.