Lakeshore Technical College Foundation Inc.

“The ltc foundation has several working committees, and all committee members are on the foundation's board of directors. The five committees are finance, strategy, development, executive, and governance. The executive committee is the chairs of each of the other committees plus the president and the vice president of the board. The development committee strengthens fundraising capabilities and tracks effectiveness, engages board members to drive achievement of fundraising goals and develops a communication plan to effectively inform donors about goals, campaigns, and impact of their giving. The finance committee links foundations mission, annual plans, and capabilities with the college's strategies and priorities and identifies, prioritizes, and communicates targeted financial goals for development and use. The governance committee ids roles and responsibilities of board members and committees and builds a pipeline for new board members, onboarding as needed. The strategy committee reviews and assess strategic initiatives annually and gathers kpis and report outcomes to the full board.”

“The lakeshore technical college foundation delegates certain management functions to the college.”

“A copy of this form 990 was sent electronically to all board members prior to submission.”

“The purpose of the conflict-of-interest policy is to protect the interest of the foundation when it is entering into transactions or arrangements that might benefit the private interest of a manager or director of the foundation. The policy applies to all members of the foundation board of directors and management. Each member is responsible for examining their own activities and disclosing those that may create a potential or actual conflict of interest situation. These issues may involve direct or indirect benefit to relatives, close friends, personal associates, business associates, or personal business holdings. If the board member or manager knowingly fails to disclose a real or potential conflict of interest, or knowingly engages in conduct which results in a breach of their fiduciary duty of trust, the full board of directors shall review the circumstances and facts with said member. After a complete review, the board of directors shall determine what course of action, if any, is necessary to effectively remedy the situation. The conflict will be recorded within the board minutes or within the individual's file. All officers and directors review and sign a copy of the policy at an annual board meeting.”

“The foundation's form 990, governing documents, conflict of interest policy, and financial statements can be obtained through lakeshore technical college foundation, inc. 1290 north avenue, cleveland, wi 53015”

“Support of instructional programs/services: this program is to provide additional support to the instructional programs and/or services of lakeshore technical college, including project grill. The center for healthcare excellence building expansion was the focus for fy22-23 with a total of $2,400,000.”

“Student scholarships: provided scholarship support to students at lakeshore technical college to encourage enrollment and retention in associate degree and technical diploma programs at the college. Award disbursements are coordinated with financial aid. Scholarships were awarded to 585 students.”

“Property donations to the college: the donor-assigned value of equipment received and transferred to the college. This program allows the college to upgrade or obtain equipment for instruction and to reduce the college budget required for such expenses.”