In a significant milestone, the Alamo Colleges Foundation is poised to achieve an unprecedented philanthropic feat this year by raising an anticipated total of $8 million in community-based support. This achievement not only sets a new record for the foundation but also underscores its unwavering commitment to empowering students for success within the district.
Barton T. Simpson, Executive Director of the Alamo Colleges Foundation, expressed excitement about this milestone. "We are thrilled to share this momentous news. The Alamo Colleges Foundation has reached new heights in philanthropy, reinforcing our commitment to providing accessible and quality education for all."
The foundation's dedication and the generous support of donors and community partners have played a pivotal role in this extraordinary success. Last month, the Alamo Colleges Foundation received the 2023 Nonprofit Award from the San Antonio Business Journal, recognizing its mission to champion education and effect transformative change in students' lives. The award is part of the Nonprofit and Corporate Philanthropy Awards program, which acknowledges the spirit of generosity prevalent in the community.
The Alamo Colleges Foundation extends heartfelt gratitude to all supporters who have contributed to these achievements, emphasizing the integral role played by donors, volunteers, faculty, staff, and the collaborative spirit of the community.
Looking forward, the Alamo Colleges Foundation remains steadfast in its commitment to educational excellence, ensuring that students have the necessary resources and support to achieve their academic and career goals.
"While we are honored to be the recipient of so much generosity in 2023, additional philanthropic support will be critical moving forward to sustain key initiatives like AlamoPROMISE and student advocacy programs, which help our students succeed," added Mr. Simpson.
Key highlights of the Alamo Colleges Foundation include raising over $15 million to support the AlamoPROMISE initiative, significantly increasing access to higher education and workforce training for eligible students. Additionally, the foundation annually awards $2 million in scholarships to approximately 2,000 students enrolled at one of the five Alamo Colleges.
The remarkable growth of the Alamo Colleges Foundation's net assets, from $18 million in 2013 to $74 million as of December 2023, serves as a testament to its resilience and effective financial management.