Skip to Content



Merritt Hall, Room 5118
February 13, 2018, 8:00 a.m.


The Central Virginia Community College Educational Foundation Board of Directors met at 8:00 AM on Tuesday, February 13, 2018.



Fred Armstrong


Bob Leveque


Mike Shadler


Vivian Brown


Ryan McEntire


Karen Simonton


Lewis Bryant


Chet McPhatter


Georgeann Snead


John Capps


Jim Mercadante


Marjette Upshur


Tim Chatlos


Robert O’Brian


John Watts


John Doyle


Tulane Patterson


Cathy Woody


Amy Gallagher


Kim Payne


Lloyd Tannenbaum


Greg Graham


Reggie Pugh




Larry Jackson


Kathryn Pumphrey


Mike Bradford


Bif Johnson


Mitch Reaves


Catherine Rice


John Kenney


David Scott


Kingsley Chukwu

            X = in attendance



Fred Armstrong, president of the Foundation, called the meeting to order. He then asked Mike Bradford to introduce the new members to the board.  Mr. Bradford introduced Reggie Pugh who is retired from AREVA, attended CVCC and was Outstanding Alumnus at graduation a few years ago; Tim Chatlos from GP Big Island who moved to this area a year ago; Marjette Upshur Economic Development Director for the City of Lynchburg; and Bob Leveque who is retired from R.R. Donnelley and a very active community leader.



On a motion from John Watts and seconded by John Doyle, the minutes of the November 15, 2017 were approved by the Board.



In Dr. Capps’ absence, Mr. Bradford presented the college report.  He started by giving an update on enrollment at CVCC.  So far the spring semester enrollment is down 1.3% which is better than the VCCS overall decrease of 3.4% and better than 16 of the 23 colleges in the system.  As you will recall, enrollment at the Virginia community college peaked in 2011 and has been slowly coming down since that time in line with improvements in unemployment.  Because of this continuous drop in enrollment, the VCCS has created a statewide committee, headed by Dr. Capps, that is working on improving enrollment by learning what is working in Virginia and elsewhere and determining a course of improvement for the VCCS colleges.

Mr. Bradford next reminded the board of the VCCS 2021 strategic goal of tripling credentials awarded, and pointed out the local press story a couple of weeks ago in which Dr. Capps told the Local Board that CVCC had already reached its tripling goal in the first two years of the program, the only community college to do so thus far, but has no intention of slowing down. 

He informed the board that the primary focus of the VCCS’s lobbying in this general assembly session is to get another biennial budget allocation for the WCG assistance for students taking short-term classes focused on industry recognized credentials.  The VCCS used up the last allocation in 18 months, so they are also lobbying to get additional funds to use for the remainder of the current fiscal year.  Also the General Assembly is being asked to pay a year of community college tuition for high school graduates who took community college CTE classes while still in high school and need to complete their training.   

Next Mr. Bradford informed the board that two years ago Dr. Capps took it upon himself to engage an outside firm to conduct a detailed wage and salary study of the employees of CVCC to determine how their compensation compared to state and private employees performing similar jobs in Virginia.  The study determined that there was some significant underpayment of many employees, and Dr. Capps and Lewis Bryant have been working as CVCC’s budget allows to address the salaries of those below market level. Those most significantly underpaid where given raises a year ago, and in January the second most significantly underpaid group was given raises. There is one more group of those requiring smaller adjustments and it is hoped that the budget will allow the college to address their needs next fiscal year.

Mr. Bradford then asked Mr. Bryant to give an update on the construction project to renovate and update Amherst and Campbell halls.  Mr. Bryant stated that the 2016 General Assembly approved CVCC’s project and budgeted funds for the initial planning and drawings.  However, the actual funds to conduct the planning work were never allocated during the last two years. Only just recently, he said that $800,000 of the $1,000,000 needed has been allocated and if the VCCS or some other source can come up with the other $200,000 this initial stage of the project can start.  He estimated that the planning work could take two years and the following construction could take another two years.



Lewis Bryant stated that cash for the quarter was $605,574. He let the board know that once scholarships and equipment have been paid the balance should be closer to $450,000.  The dividends year-to-date are $28,395.  Investment Management Fees for Wells Fargo are $8,086 with Investment Account Fees at $3,218.  Total revenue year-to-date was $400,870 with $319,579 representing private donations.  Total expenses year-to-date was $299,107 with $283,294 representing program services (i.e. scholarships, equipment and grants).  The one major expenditure for the quarter was for the payment of scholarships.  He directed the board members attention to the balance sheet where investments at cost totaled $2,790,215.  Total market value at the quarter-end was $3,109,035.

A motion to approve the quarterly report was made by Kim Payne, seconded by Kathryn Pumphrey, and approved by the board.



Ms. Gallagher presented items that the Finance Committee discussed at their meeting on February 1, 2018 meeting.

She noted that investments were up 13.7% for 2017 and moving in the right direction.  She stated that with the Foundation having $500,000 in cash the committee recommended that $250,000 or more be moved to where it could earn a greater return.  Ms. Gallagher informed the board that the small endowed funds are being reviewed for consolidation.  Everything seems to be moving forward and looking good.



John Watts asked Mr. Bradford to present items that the Resource Development Committee discussed at their meeting on January 31, 2018.

He informed the board that total contributions through Dec. 31st of $225,088 is up compared to last year’s $139,497, which is unusual since the second half of the Foundation’s fiscall year is historically when the larger contributions are received.  There were two reasons for the increase.  One was a $75,000 grant from the Stroobants Foundation to fund two-year full scholarships for nine students starting the machining program.  The other was funding from AREVA due to a sharp increase in the number of employees sent through their Nuclear Technology program.  He stated he budgeted $28,000 for the year and AREVA has far exceeded that amount already.  In other areas, he noted that Great Expectations shows $15,000, but there is an invoice out to Banker Steel for a matching donation of $15,000. In unrestricted corporate gifts he had hoped to increase that substantially, but is behind and will have to focus on that in the next few months. He pointed several of the larger budgeted items which are all fourth quarter gifts.  Mr. Armstrong asked if there would be a donor event this year, and Mr. Bradford stated that it is currently on his to-do list. 



Greg Graham presented items that the Scholarship Committee discussed at their meeting on February 1, 2018.  He informed the board that the new members to the committee were given a review of the purpose of the committee.  The Tobacco Commission funding was discussed.  Mr. Graham stated that the Commission reduced its funds to the college from $450,000 to $350,000 last year.  As of right now, no decision has been made by the Commission as to when or if there will be scholarship funds available for next year.  He instructed the board to look at the chart and awards for this year and how much the tobacco money represents compared to the other funds for scholarships. If that is not received changes will have to be made in how scholarships are awarded.

Mr. Graham informed the board that the committee approved a faculty and staff grant request for $1,314 to sponsor an all-day professional development training session for all local high school counselors. 

Mr. Bradford added that the Tobacco Commission has been in a 10 year decline in the funds they spend annually due to overspending in their early years and the much smaller remainder in their assets. He stated that all 8 community colleges in the tobacco region expected the scholarship grants to go down again this year, and to perhaps be more restricted to certain programs.  However, the grant application due date for scholarship funds has been postponed from July to October to January and now is uncertain even to occur. If the commission does not award any funds this year, the Plan B is to move more quickly to build an access fund from the local municipalities as Virginia Western has done in the Roanoke service area. Dr. Capps has already been talking to Amherst County and Lynchburg about the need to support local high school graduates.



The Governance Committee did not meet this quarter.



Mr. Bradford informed the board that although scholarship grants from the Tobacco Commission may diminish, the Foundation is still applying for equipment grants from them.  This year the Foundation will apply for funds to expand the Mechatronics program which was designed by local manufacturers to meet their needs.   


He stated that Employee Campaign is still in process and that there have been two new $1,000 donors this year. 



There was no old business to report.



There was no new business to report.



There being no further business, the meeting adjourned at 8:41 a.m.  The next meeting is scheduled for Wednesday, May 16, 2018.

Back to top