“Paying it forward” through an endowed gift allows for ongoing giving. Endowments are established when gifts are invested, and the interested earnings provide support in perpetuity. Funds are invested according to the Foundation’s Investment Policy and investment growth is spent according to the Foundation’s Endowment Expenditure Policy.
Minimum level requirement: $30,000 this can be paid over time or through deferred giving. Often these types of funds are established through cash, appreciated assets (e.g. stock, real estate, etc.), charitable trust, or a simple will.
The Foundation Office is ready to assist you in establishing an endowed fund.
Current Endowed Funds
Established in 2012. Funds culinary scholarships and program enhancements.
Pauline Burton Memorial
Established in 2011 by Laboratory Corporation of America ( LabCorp)/Dynacare Northwest Inc., a wholly owned subsidiary of Laboratory Corporation of America. Honors Pauline Burton’s long-standing and dedicated service in providing students enrolled in the Histology Program with hands on training in a clinical setting. She served as an Advisory Committee member for the Clover Park Technical College Histology program. . “I will be thinking of all of you and how very much I am loved. That is where my thoughts will be. I am blessed,” Pauline Burton. Funds scholarships for histology students.
Classical Glass Corvette Club
Established in 2007. Funds scholarships to students in automotive programs.
Clover Park/LeMay Vehicle Restoration Funded by the Collectors Foundation
Established in 2008 by the Collectors Foundation. Funds scholarships in automotive programs.
Established in 2010 with gifts from Rotary Club of Tacoma South and the Muckleshoot Indian Tribe and matched by the CPTC Foundation. Funds help students meet emergency needs that would prevent them from continuing their education.
Exceptional Faculty Award
Established using matching funds from the Washington State Community and Technical College Board. Funds faculty awards that support professional development, including classes and seminars.
Lovina Goranson Memorial Endowment
Established in 2004 by former CPTC President, Dr. Sharon McGavick, in memory of her mother. Funds scholarships for full-time students.
Jim and Dorothy Harkness Memorial
Established in 2001 by the Harkness family to honor Jim and Dorothy founders of Harkness Furniture. Funds scholarships for students in business and interior design.
Hamilton Family Endowment
Established in 1996 to honor the Hamilton family. Funds scholarships and other needs as determined by the Foundation Board of Directors.
Established in 2010 with funds from the former CPTC Radio Broadcasting Program which operated the KVTI radio station from 1955 until 2010. Funds scholarships to students in media communications programs.
Leila Bushiti Lee Memorial
Established in 2005 in memory of a beloved faculty member in early childhood education. Funds scholarships for students in the Early Care and Education program.
Dr. Sharon McGavick
Established in 2004 by former CPTC President, Dr. Sharon McGavick. The earnings from this endowment are used to provide scholarships to full-time students, with preference to single-parent mothers.
James McGranahan Memorial
Established in 2010 in memory of James McGranahan. Funds scholarships to students in architectural and interior design programs as well as to support program enhancements.
Chef Charlie McManus and Phyllis McGavick Brioch (McGavick Winery)
Established in 2007. Funds scholarships in the Culinary Arts program.
Rainier Pacific Bank
Established in 2005. Funds full-time students demonstrating financial need.
Rotary Club of Clover Park
Established in 2005. The earnings from the endowment are used to fund scholarships to students in the Aviation or Professional Pilot programs.
Rotary Club of Tacoma South
Established in 2006. Funds scholarships for students enrolled in any full-time program.
Avon and Cecil Sharpe Memorial
Established in 2003.
Established in 2006. This endowment honors the memory of Father and son, Dick and Jack Sonntag. Dick was very active in the Pierce County community and Jack was passionate about the automotive industry. Earnings from this endowment are used to fund scholarships for students in automotive programs.
Washington Restaurant Association
Established in 2005. Funds scholarships for students in Culinary Arts programs.
Senator Shirley Winsley
Established in 2004 in honor of Senator Winsley’s retirement from the Washington State Senate. Funds scholarships to students enrolled in any full-time program.
Established in 2002. Interest earnings are used to fund scholarships for all students.