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Cadiz Rotary Presents $50K Gift to HCC Foundation, KCTCS

rotary 300HOPKINSVILLE, Ky. (1/22/13) – For years, the Cadiz Rotary Club has supported local students with its scholarship and loan programs. Their Radio Auction raised $208,000 in 2012. In 2010, the club voted to endow a scholarship program with Hopkinsville Community College Foundation, Inc., and the $50,000 gift was matched with monies from the Kentucky Community and Technical College Office of Institutional Advancement, pushing the endowment principal to $100,000. Since the initial investment, the value of the account has grown to almost $120,000.00.
Today, the club announced they are adding another $50,000.00 to their endowment. HCC Foundation Executive Director Yvette Eastham stated that the Foundation has asked KCTCS to match this most recent gift with $50,000.00. Until the match is made, the local college will pay interest on the monies to the Foundation.
“Cadiz Rotary’s generosity to the students of Trigg County is exceptional,” said HCC Foundation President Jo Glover. “We appreciate their gift, and the generosity of the state funding that the local Foundation has been able to leverage to its advantage with match monies from the KCTCS Endowment Trust,” Glover continued.
Cadiz Rotary was organized May 22, 1966 with approximately twenty-five members. The mission then, as it is today is to provide “Service Above Self.” Today, forty-seven years later, Cadiz Rotary is fifty members strong and is famous for conducting the largest fund raiser per capita in Western Kentucky among Rotary clubs, and boasts one of the newest INTERACT clubs in Kentucky. For over forty years, funds have been raised through a partnership with local radio station WKDZ 106.5 FM through the Cadiz Rotary Radio Auction. In six years, Cadiz Rotary has raised over a half million dollars, and invested more than a quarter of a million of those dollars in educational opportunities for the youth of its community.
“Our goal is to nurture the young people of Trigg County to reach their own personal potential, and to help make their aspirations attainable,” said Sandra Myers, President of Cadiz Rotary. “The opportunity for all of our students to attend Hopkinsville Community College with assistance from our club enables everyone to strive toward their goals,” Myers stated.
The Cadiz Rotary Scholars program is scheduled to be fully operational in fall of 2014, and will provide up to $500 per year for every student from Trigg County to attend Hopkinsville Community College.
HCC President Jim Selbe concluded, “We are grateful for the Pennyrile community and its advocacy of the mission and value of Hopkinsville Community College. The Cadiz and Trigg County community is an excellent partner for us, and we value the confidence Cadiz Rotary has placed in us.”
SurfKY News
Information provided by Rena Young

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