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There are several key areas that we will want to focus on for the immediate future. One of the great benefits of planned giving is that we can work together as partners to focus your support on our needs that are most important to you. Please contact us if you have any questions or would like to learn more about our plans for the future of Linn-Benton.
Gifts to scholarships provide hard working students the ability to attend college. Scholarship can assist with tuition, books, and living expenses. They provide many students with the opportunity to attend college, to reach for a dream, to change their lives and to positively impact their family and the community. Scholarships can help students immediately. Endowed scholarships, where only the interest in used, start at $15,000 and can expect to provide a payout of 5% annually to students. Endowments are permanent and the interest payments (benefits to students) will continue forever.
Supporting additions to programs are a wonderful way to positively influence the academic or technical area of your choice. Program endowments only use the interest from the gift provided. These funds can be essential in providing needed equipment to expand training -- the margin of excellence that makes such a difference in each area. Endowments begin at $15,000 and only spend the interest generated annually. Endowments continue forever.
The Foundation general fund provides scholarships, program enhancement grants, capital construction funds, and in general provides the margin of excellence that meets the needs of students. This fund is highly flexible, and able to respond to opportunities as they arise. Undesignated gifts to the LBCC Foundation, allow the Foundation Board of Trustees, leading business and civic leaders, to put your gift to work where it is needed most, and can create the greatest impact.
Baseball Field Renovation
The first phase of this effort will provide quality spectator seating, press box and additional amenities that will make the facility attractive to LBCC fans and players. The estimated cost of this portion of the project is $93,000. The second phase adds lights that will encourage other baseball groups to rent the facility, which would bring additional people to the campus and strengthen our connection to the community. Estimated cost for phase two is $225,000.
Culinary Arts: Wood-Fired Oven and Facility Enhancements
The LBCC Culinary Arts Program needs a wood-fired oven to provide instruction on the creation and presentation of artisan breads.. Experience in this unique form of baking will improve the marketability of culinary graduates. Oven cost, is $12,500 + installation.
Science and Health Project
This $10 million dollar project will provide lab space allowing us to serve an additional 3700 students. Construction of a new science building and renovation of the current science labs are planned to meet the needs of both students in health care, high tech, engineering as well as local workforce demands. Private gifts are an essential part of this major project. With $9 million committed from private gifts, the college and state allocations, this project will change the face of science and health education on the LBCC campus, making a difference to both students and the local economy.
Please consult with your personal financial and estate planning advisors in order to determine how a gift to the LBCC Foundation can fit your objectives. We look forward to hearing from you!
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