Funding Overview
Charitable Gift Fund - MacKenzie Scott
Last update: August 21, 2024
Auxiliary Fund - Source 1489
As of June 30, 2024
| Original MacKenzie Scott Gift 2020-21 | $ 25,000,000 |
|---|---|
| Net Investment Income | $ 2,105,493 |
| Total Available | $ 27,105,493 |
| Director of Social Wellness and Behavioral Support Salaries & Benefits 2022‐23 |
$ (191,433) |
|---|---|
| Facilitation of 'Men of Color” (21‐22)* |
$ (50,000) |
| Campus Climate (21‐22)* |
$ (34,000) |
| Overcoming Barriers (Chaffey College Foundation 2022‐23) Community Partnerships Student Success Incentive Fueling Students Through |
$ (100,000) $ (600,000) $ (300,000) |
| Student Services & Strategic Communications 2023‐24 Student Survey Incentive |
$ (1,886) |
|
Net expenses Total Available After Expenses |
$ (1,277,320) $ 25,828,173 |
| Earmarked Funds Pending Auxiliary Board Approval: UndocuSuccess Student Fellowship Academic Senate Endowment From Enrollment to Employment Endowment Building FIERCE Spaces Chaffey College Trust |
$ 1,000,000 $ 1,000,000 $ 2,000,000 $ 1,000,000 $ 20,000,000 |
|---|---|
| Remaining Balance | $ 828,173 |
*Charitable Gift Fund ‐ MacKenzie Scott were originally identified as the funding source for the facilitation of "Men of Color" and Campus Climate surveys; however, these funds were inadvertently charged to Student Equity Funds. The payments for these costs have since been corrected.
As of May 31, 2024
| Original MacKenzie Scott Gift 2021 | $ 25,000,000 |
|---|---|
| Investment Income | $ 1,940,248 |
| Investment Fees | $ (249,766) |
| Gift Balance | $ 26,690,482 |
College Allocations/Disbursements
| Men of Color/Climate Study 2021-22 |
$ (35,500) |
|---|---|
| Student Survey Incentive 2022-23 |
$ (1,040) |
| Director of Social Wellness and Behavioral Support 2022-23 |
$ (191,433) |
| Overcoming Barriers (Foundation) 2022-23 |
$ (1,000,000) |
| UndocuSuccess Fellowship Endowment 2024-25 |
$ (1,000,000) |
| Academic Senate Endowment 2024-25 |
$ (1,000,000) |
| From Enrollment to Employment Endowment 2024-25 |
$ (2,000,000) |
|
Building FIERCE Spaces |
$ (1,000,000) |
| Chaffey College Trust 2024-25 |
$ (20,000,000) |
| Summary of Allocations/Disbursements | $ 26,227,973 |
