Foundation Announces Approval of Strategic Plan
2008-20013
BUILDING THE FUTURE ONE STUDENT AT A TIME
The Bates Technical College Foundation was established as a 501c3 organization in 1992 and incorporated on July 16, 1993. The mission of the Bates Technical College is to attract and provide resources through community partnerships to serve the College and its students.
In order to help realize our mission and purpose, we must have a roadmap. To that end, the board held a retreat in February 2008 to identify strengths, weaknesses and our top funding priorities for the future. The Foundation be a key participant in helping the college achieve its mission, vision and goals.
At our retreat, the Foundation Board re-affirmed its commitment and belief in scholarships for students as well as support for faculty and staff. The Foundation also realizes the need to engage alumni and to develop an alumni relations program. To that end, the Board of Directors approved an ambitious 5-year strategic plan in June 2008 which directly aligns with our mission to attract and provide resources to serve the College. Over the next five years, the Bates Technical College Foundation will work toward accomplishing these goals:
Support the college in achieving its vision.
Objective 1: Increase scholarship support to students.
1.1.1 Increase scholarship support to students from $50,000/year to over $90,000/year by the end of 2013.
1.1.2 Raise $250,000 in endowed scholarships.
1.1.3 Raise $1.5 million for the Henry T. Schatz Endowed Scholarship, a scholarship which serves 10 career-training programs.
1.1.4 Provide funding for the College’s first study abroad pilot project for a group of students and faculty beginning in 2008-2009.
Objective 2: Increase support to faculty and employees.
1.2.1 Increase mini-grants from $10,000 to $25,000 in 2008-2009. Award $40,000 in mini-grants by the end of 2013.
1.2.2 Continue to fund the Exceptional Faculty Award endowment until it reaches a value of $90,000+ by the end of 2013.
Objective 3: Help advance the college through the strategic planning and fundraising for capital projects or other identified needs.
1.3.1 Raise $250,000 to be used towards the construction of a fire services tower at South Campus.
Create life-long relationships with alumni of Bates Technical College.
Objective 1: Create a dynamic and active alumni association which helps set the tone and direction of alumni affairs.
Objective 2: Develop effective communication with alumni and offer alumni opportunities to re-connect with Bates Technical College.