FUTURE FOUNDATION

FUTURE FOUNDATION 2005 Annual Report

MESSAGE FROM THE BOARD

MISSION

The Future Foundation, Inc. is a non-profit 501(c)(3) corporation founded in July 2004 to advance the mission and vision of Wallace State Community College. The Foundation promotes equity, accessibility and excellence in education. We believe that education should be attainable by all, that it is vital to our community, and that the College's employees and resources determine the quality of service we provide to students and the community.

The mission of the Future Foundation, Inc. is to support the advancement of Wallace State Community College’s vision and mission by providing community members opportunities for charitable giving and service.

One of the Foundation's most important goals is to provide scholarships to students whose educational needs cannot be met by their current resources. The Foundation raised more than $29,000 at its first luncheon auction, entirely for scholarships. To date, more than 18 scholarships have been funded from this event alone. Evelyn Burrow established the Foundation's first $1 million endowed scholarship through her gift of an irrevocable charitable remainder trust. Scholarships have also been established to honor certain individuals and to support students engaged in specific areas of study. Through philanthropic giving, no matter the size or sum, you are making an investment in the future of our students, the economic development of the region and in Wallace State Community College as we become a become a distinctively world class, nationally-recognized, and technologically-advanced learning College that effectively serves the educational, cultural and social needs of our community. Because Wallace State is a state-assisted institution, we rely increasingly on contributions to reach our vision and better serve our students. Become a partner in our success. Donations may be made to The Future Foundation, Inc. at P.O. Box 568, Hanceville, Alabama 35077. For more information, call 256/352-8124.

2

GOALS • • • •

• •

To provide scholarships for deserving WSCC students To provide financial assistance to educational programs To provide for capital improvements To provide opportunity for benefactors To invest in WSCC through volunteer activities, donations, planned giving, and special events To seek grants To encourage the subsidation of WSCC faculty in individual endeavors

WALLACE STATE FUTURE FOUNDATION AUCTION RAISES $29,000 FOR SCHOLARSHIPS The Wallace State Future Foundation raised more than $29,000 for scholarships at its annual luncheon auction on July 21. That amount exceeded the organization’s goal of $25,000. “I’m very, very pleased with the results,” Wallace State President Vicki Hawsey said. “We exceeded our goals. Anytime a private fundraising effort such as this exceeds its goal, that’s something to be extremely proud of. We are grateful to our board, VIP committee and community members who made this possible.” Wallace State President Dr. Vicki Hawsey welcomes the crowd to Thursday’s Future Foundation Luncheon Auction.

Proceeds from the event will go solely to provide scholarships for Wallace State students. A pound cake made by Gracie Grissom was the top selling item auctioned, going for $1,050. A 1995 Chevy Cavalier donated by Harry Bivins Used Cars sold for $1,900. Two seven-day vacations in Gatlinburg, Tenn., from American Proteins went for $800 apiece.

A full house at Wallace State Future Foundation’s first luncheon auction raised more than $29,000 for scholarships.

Other items auctioned included dinner for two at Frank Stitt’s newest restaurant Chez Fonfon, a bracelet from Ed White Jewelers, Iroko spa package, and decorative cross from Southern Accents. A HealthFit fitness package, seven-day vacation from Midnight Properties, 27-inch TV from Wal-Mart Distribution Center, outdoor furniture from Lowe’s, trips, art and home furnishings were just a few of the items donated from other community members and friends of the College. In all, 52 local businesses and individuals donated items to the auction.

Members of the V.I.P. Committee - Front Row: Betty Hauk, Nell Creel, and Elliott Free; Second Row: Jacqueline Schendel, Melanie Dellinger, Kim Canaday, Elaine Fuller, Jo Burrow, and Mary Adams. Not Pictured: Julie Apel.

The Future Foundation’s V.I.P. Committee was responsible for planning the event. Members included Mary Adams, Julie Apel, Jo Burrow, Kim Canaday, Nell Creel, Melanie Dellinger, Elliot Free, Elaine Fuller, Betty Hauk, and Jacqueline Schendel.

3

WALLACE STATE BREAKS GROUND ON

Wallace State Community College broke ground on its new Burrow Center for the Fine and Performing Arts on August 29. The building, which will become the 42nd building on Wallace State’s expansive 214acre campus, will be located on the front of campus in the quadrant bordered by Highway 31 and College Drive. The Center is expected to open in April 2007.

Chancellor of the Alabama College System Roy Johnson, Wallace State President Vicki Hawsey, and Congressman Robert Aderholt.

The Burrow Center will house a $9.5 million collection of fine art donated to the College by Evelyn Burrow last year as well as a 300-seat theater, 200-seat recital hall, numerous classrooms and practice areas, art studios and faculty offices. This addition comes during the celebration of Wallace State’s 40th anniversary year. In her remarks at the groundbreaking Hawsey said, “Wallace State celebrates 40 years of excellence, 40 years of progress, 40 years of change. Change occurs today as we proactively pursue our vision to be a world class institution that effectively serves the educational and cultural needs of our students and our community.”

Dean of Academic Affairs Jenny Folsom, Museum Benefactor Evelyn Burrow, and Wallace State President Vicki Hawsey.

Wallace State music students perform under the direction of choir director Michael Sparks.

4

The Burrow Center for the Fine and Performing Arts is named for Ottis and Evelyn Burrow. The late Ottis Burrow was instrumental in the selection of Hanceville as the site of the George C. Wallace Trade School of Cullman County, now known as Wallace State Community College. His wife Evelyn Burrow donated their museum collection to the College last year. Congressman Robert Aderholt, Chancellor of the Alabama College System Roy Johnson, Hanceville Mayor Katie Whitley, former First Lady of Alabama Jamelle Folsom and Commissioner George Wallace, Jr. were among the dignitaries present at the groundbreaking ceremony. Members of the Cullman and Blount County legislative delegations, including Sen. Zeb Little, Rep. Neal Morrison, Rep. Ron Grantland, Rep. Jeremy Oden, and Rep. Elwyn Thomas were also present along with a host of community members, faculty, students and friends of the College.

FINE AND PERFORMING ARTS CENTER

“The Burrow Center will provide opportunities for students and the community to engage in culture in new and exciting ways,” said Congressman Robert Aderholt, emphasizing the importance of study of the arts and literature in the development of a wellrounded individual. “This first class facility will allow students to grow to be everything they can be,” said Chancellor Roy Johnson. “This college stands as a leader in the Alabama College System. The Burrow Center will help ensure that that leadership continues and that Mrs. Burrow’s legacy lives for generations to come,” he said.

Former First Lady of Alabama Jamelle Folsom.

Breaking ground on the newest addition to the campus of Wallace State Community College in Hanceville— The Burrow Center for the Fine and Performing Arts: (L-R) : Stacey Scott, Cullman Area Chamber of Commerce; Representative Elwyn Thomas; Peggy Smith, Cullman Economic Development Agency; Representative Jeremy Oden; Mack Freeman, McCauley Associates, Inc.; Senator Zeb Little; Representative Neal Morrison; Evelyn Burrow, Museum Benefactor; Congressman Robert Aderholt; Wallace State President Dr. Vicki Hawsey; Roy Johnson, Chancellor of the Alabama College System; Public Service Commissioner George Wallace, Jr.; Hanceville Mayor Katie Whitley; Tim Aho, McCauley Associates Inc.; Robert Bean, Wallace State Music Department Chair; Rob Metcalf, Wallace State Theater Department Instructor; Dale Greer, Cullman Economic Development Agency.

Commissioner George Wallace, Jr.

5

BURROW RECOGNIZED AS ALABAMA’S BENEFACTOR OF THE YEAR Evelyn Burrow was recognized as Alabama’s Benefactor of the Year at the Council for Resource Development’s 2005 Region IV Benefactor’s Reception and Awards Banquet held in Nashville, Tenn. Burrow was honored for the generosity of her recent $10.5 million gift to Wallace State Community College. She donated the contents of her North Alabama Museum of History and Fine Arts with an appraised value of $9.5 million to WSCC last year, and subsequently established a $1 million trust for the Wallace State Future Foundation to advance the College’s educational mission and support cultural arts in Cullman County.

Pictured L-R: Lisa McWherter, CRD Region IV Director; Wallace State President Dr. Vicki Hawsey; Benefactor Award winner Evelyn Burrow; and Jim Chitwood, CRD President.

The Alabama Symphony Orchestra performed at Wallace State during Cultural Arts Week 2005. (The Conductor does not appear to be in this photo).

FOUNDATION HOSTS MEET THE CONDUCTOR RECEPTION FOR ASO The Alabama Symphony Orchestra performed a free concert for the finale of Wallace State’s Cultural Arts Week on Sunday, April 10 in the Student Center Theater. Prior to the concert, the Wallace State Future Foundation hosted a Meet the Conductor dessert reception to provide guests with an opportunity to meet ASO Conductor Christopher Confessore.

6

Pictured L-R: Foundation Secretary-Treasurer Janice Morgan, Vice-President Dr. Jenny Folsom, ASO Conductor Confessore, and Foundation Director Betty Leeth Haynes.

OPPORTUNITIES FOR GIVING SCHOLARSHIP A contribution may be made to the general scholarship fund. Award is based on need. ENDOWED SCHOLARSHIP A minimum gift of $10,000 will endow a perpetual scholarship that will support WSCC students for years to come. CAPITAL PROJECTS Gifts may be made in any amount toward capital projects or programs. UNDESIGNATED A donor may wish to provide support in any amount, allowing the College and Foundation to utilize the gift where needed. WILLS, TRUSTS, AND ESTATE GIVING Establish a legacy by including the Future Foundation in your will. WALL OF HONOR Donors are recognized on the Wall of Honor. Faculty, staff, and administration of the College are encouraged to become a part of the Wall of Honor. PRESIDENT’S CIRCLE Platinum......$10,000 Patrons................500 Gold ................5,000 Friends ................100 Silver ..............1,000 LEGACY SOCIETY Gold Patron....................$500,000 or greater Silver Patron ....................100,000 Bronze Patron ....................50,000

FINANCIAL SUMMARY BALANCE SHEET AS OF SEPTEMBER 30, 2005

ASSETS Current Assets Checking/Savings SouthTrust Bank Total Checking/Savings

$44,400.78 $44,400.78

Accounts Receivable Pledge Receivable – Mrs. Burrow Total Accounts Receivable

$1,000,000.00 $1,000,000.00

Total Current Assets TOTAL ASSETS

$1,044,400.78 $1,044,400.78

LIABILITIES & EQUITY Equity 3010 – Unrestricted (retained earnings) $6,450.00 $1,037,950.78 Net Income Total Equity $1,044,400.78 TOTAL LIBABILITIES & EQUITY

$1,044,400.78

DONOR LIST Sara F. Carden Ann Caretti Bonnie Caretti Cleveland Pharmacy Evelyn Burrow Coca-Cola Bottling Company United, Inc. Mary Collins PRESIDENT’S Susan Copeland CIRCLE Becky Corley Platinum Rene Cornelius Nancy Counts Corser Weems Drywall, Inc. Brenda F. Cowman Gold Martha Cox Nell Creel Cullman-Jefferson Counties Croft Construction Gas District Cullman Economic American Proteins, Inc. Development Agency Silver Industrial Development Board Compass Bank Cullman Lioness Club Betty S. Bryan Cullman Oil, Inc. Joyce Deweetor Cullman Times R. Mack Freeman Robin Cummings Douglas Frye Deals Nashville Warehouse Ernest Godfrey Tire Co. Vicki Hawsey Deason Foods, Inc. Betty Leeth Haynes Anthony J. Dipiazza Barry McGriff Doug Doggett Jewelers Richard Newman Melinda Edwards C. Dowd Ritter Eidson & Associates Wachovia Denise Elliott Patrons Eva Bank Donna Farmer ACCESS Group, LLC First Baptist Church of AmSouth Bank Gardendale Norris Atchley A.D. Freeman Donna Cheatham Coca-Cola Bottling Company Chester Freeman Ruby Freeman Cullman Regional Medical Elizabeth Fuller Center Fuller Music House Doug Dahl Melanie Glasscock Estate of Amanda J. Wolf Steven R. Glasscock Jenny Folsom Marcia Moulton Glover Guardian Angel Gift Shop Kimberly Goodwin Harry Bivins Used Cars Stabler Gray Knight, Griffith, McKenzie, Knight, McLeroy and Little Stephen K. Griffith Gracie Grissom McCauley Associates, Inc. Donna Guthrie Merchants Bank Fred Halstead People's Bank Hanceville Drug Company Allison Rice Suzanne Harbin Traditions Bank Lynn H. Harris Gloria Williams Sharon Harris Ed Hart Friends A & B Pump and Supply, Inc. Gaylyn Hawkins Earnie H. Haynes Alina Adams Joe Hendrix Tim Aho Sue J. Hill Connie Allen Ozelle & Doris Hinkle LaDonna N. Allen Darlene Huff Lori Allen Independent Medical Pat Allison Services, Inc. Matthew Andrews Jimmy Watson Machine Co., John Apel Inc. #2 Tavie Armstrong Beth Johnson Donna B. Attaway Mell Johnson Sid Borden Mary Jones Marsha Bradford Shelia Keedy Frank Brunner James H. Kerby Stacey Hooper Brunner L & L Laundry Staci Bryan Floyd Lawson Kathy Buckelew Lee's Veterinary Hospital, Inc. Martha Burchell C F Thompson Management Robbin Leeth Virginia Leigeber Trust Campbell Transportation, Inc. Bert Mackentepe

LEGACY SOCIETY Gold Patron

Angelo Mancini Debbie Maner Wayne Manord Ron & Carolyn Mann Marcy Manning Carol Martin Conny M. Martin Ramonia Matthews Bobbie Maury Mary Mayo Sheridan McGee Larry Means Mitch Smith Chevrolet, Inc. Janet Money Janice Apel Morgan Martha Morgan Neal Morrison Sheila Mosley Malcolm William Moss David W. Naumann Cindy Neal Theresa Neason Thomas Nielsen North Alabama Museum of History Christine O'Leary Dale Palmer William Peinhardt Lucille Powell Dave Pylant Quick, Renee Shannon Quick Wesley Rakestraw Rehau Incorporated Regions Bank Reliance Bank Joyce M. Rodgers Shree Akshar, Inc. Kathryn Sides Jennifer Sims Sandra W. Smaltz Smith Family Tire, Inc. Susan B. Smith Tomesa Smith Deborah Spann Michael Sparks Maria S. Stanford Donna Stanley Susan Stephens Aurelia G. Taylor Lavell Thrasher Tim Thorton Jane Tolbert Randy Tucker Sharon Turner Martin Warren Susan D. Wells, DMD Linda Wesley Westpack Banking Brenda Wheeler Adrian D. White Wilma White Tracy Whitt Judy Williamson Donnie Wilson Judy D. Wood WSCC Dental Hygiene Department WSCC Human Services Club WSCC Wellness Department Kenneth D. Yakopcic Stephen Yoder

7

BOARD OF DIRECTORS

Dr. Vicki Hawsey Foundation President

Betty Leeth Haynes Foundation Director

Dr. Jenny Folsom Foundation Vice-President

Evelyn Burrow Foundation Director

Janice Morgan Foundation Secretary-Treasurer

Vince Cheatham Foundation Director

Don Hubbard Foundation Director

WALLACE STATE FUTURE FOUNDATION P.O. Box 568 • Hanceville, AL 35077 www.wallacestate.edu 256.352.8000