District President Pledges to Raise $1 Million for Scholarships
Sylvania – Portland Community College district president Preston Pulliams announced he’ll be personally responsible for raising a million dollars in funds for students this academic year.
Pulliams gave his promise to college staff at the district in-service on September 17.
During the event, he recounted the financial challenges of his youth and told staff about scholarships launching his career.
Dr. Pulliams told colleagues that the best way for him to close out his career would be by “paying back” those who helped him, by creating more scholarships for others.
Since his start in 2004, the college’s endowment grew from $1.3 million dollars in 2004 to $4.9 million last year.
During that same period, PCC’s annual fund was raised from $600,000 to $2.5 million.
Typically, endowment funds are invested for long-term growth, while annual funds are for more immediate needs.
According to the PCC Foundation’s annual report, the group awarded more than $800,000 in scholarships for the fiscal year ending 2011.
Neither the PCC Foundation nor Dr. Pulliams has yet to outline his fundraising efforts or how that money will be allocated.