Golden West College Foundation

Transcription

Thank you for your continued support of Golden West College Studentsthrough your contributions to the GWC Foundation.GOLDEN WEST COLLEGE FOUNDATION15744 Goldenwest Street, Huntington Beach, CA 92647-3103501(c)(3) Tax ID 33-0073702714-895-8316www.gwchbfoundation.com2019 ANNUAL REPORTGOLDEN WEST COLLEGE FOUNDATION

STEMCenterGWC’sNewSTEM CenterSupport Golden West CollegeA BUSTLING HUB FOR LEARNINGWelcome to GWC’s new STEM Center, which hasevolved into a popular gathering spot for students andfaculty since it opened on the first day of the Fall 2019semester. It’s located on the ground floor of the new125,000-square-foot, three-story Math and Sciencebuilding, which houses the Mathematics, BiologicalSciences, and Physical Science Departments.“It’s fantastic,” said part-time chemistry instructor StanHiew, who was in the center grading exams on arecent Tuesday afternoon.Hiew earned his doctorate in organic chemistry fromUC Irvine last spring. “This (STEM Center) is moremodern than the one at UCI,” Hiew said.At the front counter, students can check out anatomymodels featuring removable muscle and bonesystems and organs; textbooks; chemistry models;Chrome books; microscopes, slides, and calculators –for free, and for the day or for the semester.Halle Mason and Ally Bebout sat at a table studying fora physiology quiz they would take later that day.Bebout, a sophomore majoring in nursing, neededhelp with a question so she walked over to anothertable where her professor, Nam Vu, was holdingoffice hours. Mathematics and Science Departmentprofessors frequently hold their office hours in theSTEM Center. They place a flag on their table indicatingtheir area of expertise: a yellow flag for chemistry,green for biology, blue for math.Bebout likes the STEM Center a lot. “The old one wasvery small,” she said. “The environment here is reallynice.” Added Mason, also a sophomore: “I feel pressurehere to not use my cell phone. It’s a really goodenvironment to get things done.”Bebout spent nine hours in the STEM Center the otherday. “I was here for 12,” Mason said.The new STEM Center replaces a much smallerspace in the old Math and Science building that wasconverted from a storage space.The STEM Center is open Monday through Thursdayfrom 9 a.m. to 8 p.m. and on Fridays from 9 a.m. to 4p.m. To use it, students need to sign in with a mobileapp or by punching information into a computer.practicums that are coming up,” Bouzar said.The STEM Center, which can hold up to 250 people, isaveraging between 150 and 180 users a day.“STEM is obviously a growing field,” Bouzar said. “Weneed more STEM-educated students. And so wewanted to have a space that has all the resources theyneed while they’re in school, and even come back toonce they leave; we want to start providing career andinternship opportunities.”Danielle Stene, a nursing major who works parttime at the front counter, describes the center as asanctuary for her.GWC Math Professor Pete Bouzar is faculty coordinatorfor the STEM Center, where students also can sign upfor workshops and crash courses, join a STEM club,and meet with a STEM counselor.“It’s a great space for studying and for hanging outbetween classes. It’s a place where like-mindedindividuals can meet. I can find help from potentialfriends and professors here. It’s a very welcomingenvironment. I’ve had people say, ‘Wow, we’re startingto look like a top-line, four-year university.’”“There are times where you see students in here andit’s packed because they’re all studying for exams orFor more information, visitgoldenwestcollege.edu/STEMWhether you are looking to make a gift now or planning for future giving through bequests in your will, IRA or retirementaccounts, charitable annuities or trusts, the Foundation Office at Golden West College can help. Please contact us at(714) 895-8315 or email bberman@gwc.cccd.edu for more information.Gifts of CashGifts of Life IncomeGifts of Cash (cash, checks or credit card) are always welcomeand can be designated by the Donor as to their use or can be leftup to the college to use them where most needed. These giftscan be of an endowed, temporarily restricted or unrestrictednature.There are many types of planned gifts for those interestedin making significant gifts while enjoying increased incomeand an immediate charitable deduction. This type of giftincludes Charitable Remainder Trusts, Pooled Income Funds,and Charitable Gift Annuities. Other deferred gifts include lifeinsurance and retirement plans.Gifts of Real EstateGifts of appreciated real estate provide you with an immediatetax deduction and capital gains tax savings. Real estate donationscan be made immediately or through your will or living trust.Donors can also make a tax-deductible current gift of their homewhile continuing to live in and enjoy it for their lifetimes with agift of retained life interest.Charitable Lead TrustsGifts of Personal PropertyMany employers participate in a matching gifts programthat can double, triple or quadruple your gift to GWC. Donorsreceive full credit for their matching gifts for the purposes ofrecognition and benefits. Just ask your company’s personneloffice for a matching gifts form, fill it out and send it in with yourcontribution. We’ll take it from there.Almost any form of property, such as works of art, antiques andother personal items can be a suitable charitable gift.Gifts of Intellectual PropertyGifts of intellectual property such as copyrights, patents,royalties, licenses, and technical data are welcome. The tax andlegal provisions that govern these gifts vary according to thetype of property.A Charitable Lead Trust can provide immediate cash gifts fromthe trust income to the college for a stated period of years. Afterthat time, the appreciated assets return to you, or transfer taxfree to your heirs.Matching GiftsNaming OpportunitiesFor information on how to make a gift to the Golden WestCollege Foundation through transfer of stocks or bonds, pleasecall the GWC Foundation Office at 714-895-8315. The taxablebenefits of gifting appreciated securities may be substantial.Individuals, Companies or Foundations wishing to make anenduring contribution can take advantage of the opportunity toassociate their name with a classroom, laboratory, study hall, openarea, or other feature in one of our new buildings: The CriminalJustice Center and Scenario Village, The Student Services Centeror the new Math Science Building. Please contact the GoldenWest College Foundation office for details.Gifts by Wills or Living TrustsOther types of gifts not listedGifts of Stocks or BondsGifts made by will or through a revocable living trust mayresult in estate tax savings and can be established to enhancean endowed fund that will honor the donor or loved one inperpetuity, establish a named or memorial fund, designate anarea of the college you wish to support, or leave it up to thecollege to use the gift where it is most needed.There are many additional ways to support GWC. If you havequestions about giving personal property, appreciated securities,gifts in kind, or by any other means, please contact the GWCFoundation.For more information about how to support GWC, please contact the Foundation at (714) 895-8315.To donate online now, visit www.gwchbfoundation.comGolden West College Foundation is a 501(c)(3). Contributions to the Foundation are tax deductible. Tax I.D.# 33-0073702

Dear Friends Tim McGrathPresident, Golden West CollegeBruce BermanDirector, Golden West College FoundationI’m proud of the impact Golden West College (GWC)has in our community. Last year, we awarded moredegrees and certificates than any other CaliforniaCommunity College.We’ve had an incredible year at GWC and I’m excitedto share more about how, with your support, we aremaking a mark.Just like our more than 18,000 GWC students, myeducational path started at a community college.Community college gave me a solid foundation —along with the excellent faculty that invested in myeducation.I have attended four-year institutions and two differentgraduate programs, but I can honestly say that thebest instruction I received was at the communitycollege level.The strides we are making at GWC today truly reflectour community approach to education, which willhave a lasting impact for years to come. I am trulyprivileged to work alongside you and am grateful thatyou’re on this journey with us.For more than 50 years, GWC has been your neighborand steadfast community partner. We continue toreceive overwhelming support from our donorsand partners who want to make a difference in ourstudents’ lives.In this Annual Report, you’ll read about Leo, a hearingimpaired student who is getting a head start in collegeby taking dual-credit high school/college courses;Paul Motenko, GWC Foundation President and majordonor; and Julie Nguyen, a successful Alumni andpast ESL student.You’ll also see how your contributions are hard atwork — offering scholarships and support to thosewe are so privileged to serve, and an overview of whatwe have done this past year.Thank you for your ongoing commitment to GoldenWest College.

GOLDEN WEST COLLEGEFOUNDATION2019ANNUAL REPORTSTEM Center. . . . . . . . . . . . . . . . . . . . . . . Inside CoverPresident’s Message. . . . . . . . . . . . . . . . . . . . . . . . . . . 1Executive Director’s Message. . . . . . . . . . . . . . . . . . 1Board Member Spotlight. . . . . . . . . . . . . . . . . . . . . . 4Highlights of the Year. . . . . . . . . . . . . . . . . . . . . . . . . 6Foundation Auxiliaries . . . . . . . . . . . . . . . . . . . . . . . . 7Alumni Spotlight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Student Spotlight. . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Courtyard of Honor. . . . . . . . . . . . . . . . . . . . . . . . . . 12Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . 14Donors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Scholarships and Awards. . . . . . . . . . . . . . . . . . . . . 19Board of Directors. . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Ways to Support GWC. . . . . . . . . . . . . . . . . . . . . . . . 21“To see thegratitude fromthese youngpeople is veryspecial.”

GOLDEN WEST COLLEGE FOUNDATION MISSION STATEMENTThe Golden West College Foundation’s mission is to provide resources to support GoldenWest College and the community, by advancing education and opportunity for all students.3

Board Member SpotlightA PARTNERSHIP WELL BUILTPaul Motenko, who co-developed BJ’s Restaurant andBrewhouse into a national chain, always seeks to forge strongties to the communities in which he opens his restaurants.“I realized thiswas somethingI wanted to getmore and moreinvolved with.”Motenko’s latest venture is STACKED: Food Well Built, which was apioneer in restaurant technology when he launched it in January2009 with longtime business partner Jerry Hennessy. Guestsuse tabletop touchscreens to order fully customized meals atSTACKED, which is famous for its mac and cheese and burgers.SCHOLARSHIP FOR STUDENTS CLOSE TO HOMEThe latest STACKED location, in Huntington Beach, opened in2016. It was pretty much a no-brainer, Motenko says, to selectGolden West College as the recipient of funds raised at severalpre-opening parties.Motenko has become a generous donor to GWC and currentlyis president of the Board of Directors of the Golden WestCollege Foundation. In that capacity, he recently helped handout awards at the college’s annual scholarship ceremony.“When we decided to open a restaurant in Huntington Beach,we looked around for a community organization to support,and the college being so close to the restaurant, it was a naturalthing,” he says. “We love to support education, and it just madea lot of sense.”One of the recipients was Hailey Bonillas, 22, who is working ona degree in ASL (American Sign Language) at GWC.AN ENTHUSIASTIC RESPONSEMotenko reached out to Bruce Berman, executive director ofthe Golden West College Foundation. “He was so gracious andso enthusiastic,” Motenko recalls. “But instead of him just saying,‘Well, sure, we’ll take your money,’ he said. ‘Let me show youaround this place.’”Bonillas also happens to be a three-year employee at STACKEDin Huntington Beach. Motenko estimates that about 25 percentof his employees at STACKED in Huntington Beach are GWCstudents.On May 7, 2019, Motenko presented Bonillas with twogifts: the Herman R. Tate Memorial Scholarship in SpeechCommunications, and the Roughton Hopkins CommunicationScholarship.Berman gave Motenko a tour of GWC and talked about all thethings that were happening at the college and the impact ithas on the community of Huntington Beach and beyond.“The staff and faculty at Golden West College are amazing,”Bonillas says. “And I love working at STACKED. It’s so familyoriented. Everything is built around teamwork and togetherness,and they have given me so many opportunities.”“I was hooked,” Motenko says. “The more I know about thethings that happen at the college and all the students thatget their start there, the more I realized this was something Iwanted to get more and more involved with.”“Hailey is one of our best team members, and a superiorstudent at Golden West College,” says Motenko, who also saidhe loves handing out scholarships. “To see the gratitude fromthese young people is very special.”4

Paul Motenko and Hailey Bonillas atSTACKED restaurant in Huntington Beach.5

Highlights of the Year21st Annual GalaApril 13The Golden West College Foundationheld its 21st Annual Gala at the WaterfrontBeach Resort by Hilton in HuntingtonBeach on Saturday, April 13, 2019.This Gala was the most successful to datewith the most attendees and moneyraised. The Foundation raised in excessof 146,000 in support of Golden WestCollege students.A special scholarship fund dedicated toHuntington Beach Union High SchoolDistrict students was established and 40,000 was raised to fund its first year.The Opportunity Drawing Grand Prize — anew Jeep Renegade Latitude, donated byHB Jeep — was won by Jo Ann Anthony.Donor ReceptionMay 2The GWC Foundation and TheaterArts Department teamed up thisyear to show ourappreciation to ourdonors with a socialreception followedby a performanceof Gilbert andSullivan’s ThePirates of Penzancein the MainstageTheater.MAYScholarshipsand AwardsCeremonyMay 7See story onpage 19.APRIL6MAY2019Chefs for ScholarshipsSeptember 29Golden West College’s Patrons hostedtheir 14th annual “Chefs for Scholarships–Taste at Golden West” on Sunday, Sept.29. Over 250 people attended this year’sevent, and enjoyed sampling food andbeverages from 25 local eateries. ThePatrons awarded GWC student JimmiArroyo with the “Golden Chef Award” anda 500 scholarship for his philanthropicefforts on campus. Over 30,000 wasraised during the event, with proceedsbenefiting the students of Golden WestCollege.SEPTEMBER

Foundation AuxiliariesGWC Foundation Auxiliaries offer excellent opportunities for individuals to contribute their valuable time, energy andcreativity while making a positive impacton students’ lives.Math & Science BuildingGrand Opening CeremonyThe Golden West College PatronsOctober 8The Golden West College Patrons is avolunteer organization comprised ofcurrent and retired GWC staff, faulty,alumni and community members.Organized in 1973, the Patrons’ mainobjective is to raise funds for scholarshipsthrough the Chefs for Scholarships eventeach fall. The members also volunteercountless hours each year in support ofother events such as the Gala, Art Gallery,Scholarships & Awards, and Graduationceremonies.The ceremony was hosted in the newSTEM Center, and featured a one-manplay about Nikola Tesla, “the man whoinvented the 20th century,” performed toa standing-room-only audience by actorIan Ruskin.OCTOBERBest of HB AwardOctober 11Golden West College was named“Best of HB” for a second straightyear by the Huntington BeachChamber of Commerce.Hens & Chickens Quilt AuxiliaryOCTOBERThe Hens & Chickens Quilt Fellowships ofGolden West College began in 1989 andnow has members ranging in age from12–80.Courtyard ofHonorOctober 17Each year they make a beautiful quiltfor an opportunity drawing and donatethe proceeds to Golden West Collegescholarships.See story onpage 12.OCTOBERHBUSHDScholarshipsOctober 24See story onpage 19.OCTOBERWe look forward to seeing you atthese events in 2020:April 4 22nd Annual GWC Foundation GalaMay 5 Scholarships and Awards CeremonySept. 27 Chefs for ScholarshipsFall TBA Groundbreaking for NewLanguage Arts Building7

Alumni Spotlight8Julie Nguyen

THE LANGUAGE OF SUCCESSSHE PRAYED THAT THE PHONE WOULDN’T RING.It was 1996, and Julie Nguyen was working the first of whatwould turn out to be her many jobs at Golden West College,where she currently serves as a full-time online instructionalassociate.But 23 years ago, Nguyen, an immigrant from Vietnam, hadless than a year under her belt as a student in the English as aSecond Language (ESL) Department, and her English still wasvery poor.A single mother of a 2-year-old daughter at the time, Nguyenapplied for a job in GWC’s computer lab, thinking she wouldn’thave to speak much English if she got it.Instead, the dean of the department hired her to help heradministrative assistant. And when the dean and assistantboth were out of the office, Nguyen was in charge ofanswering the phone.“I was very shy, and I didn’t want to use my English because Iwas very uncomfortable with it,” she recalls. “I was scared todeath. I would be sitting there praying, ‘God, please don’t letthe phone ring.’”But Nguyen managed to get through it. “It was hard, but Isurvived,” she says. “It’s always in me to push myself out of mycomfort zone.”AN IMPRESSIVE CAREERThat drive has led to a long and successful career at GWC forNguyen, whose daughter, now 25, graduated from GWC in2014 and earned bachelor’s and master’s degrees in Englishat UC Irvine.Nguyen credits GWC’s ESL classes for giving her the criticaltools she needed to succeed. “Every student that I meet, I tell“Whenever Ido something,I do my best —even in the littlethings.”them, ‘You’ve got to learn English properly. If you want to besuccessful, you need to take learning English seriously.’”Initially, Nguyen enrolled at GWC to get a two-year certificatein accounting with the hopes of landing a low-level secretarialposition. But she fell in love with education, which launchedher long career as a Coast Community Colleges employee.After GWC, Nguyen transferred to Cal State Fullerton andearned a bachelor’s degree in management informationsystems in 2000.CONTINUED ACCOMPLISHMENTSOver the years, she has held positions at the Criminal JusticeTraining Center, as an admissions and records technician, as asystems analyst, and as a staff aide for the Academic SenateOffice. She also worked for IBM full time for almost three yearsas a field technician.Since 2014, Nguyen has served as one of GWC’s two onlineinstructional associates, who essentially serve as the help deskfor faculty and students teaching and taking classes digitally.Among the many items on Nguyen’s desk is a book oftraditional folktales in Vietnamese and English. For her, honingher English continues to be a lifelong passion. “I think it’s alwaysin me that whenever I do something,” Nguyen says, “I do mybest — even in the little things.”9

Student Spotlight“Dual Enrollmentstudents tend toperform betteracademically inboth high schooland college,”DYNAMIC DUALLEO GRUBER WAS IN A QUANDARY.When it came time for the Ocean View High Schoolsophomore to take a required foreign language class, hedidn’t know what to do.Because Leo is hard of hearing, taking a foreign languageclass pretty much would have been impossible.Luckily for him, Golden West College had just launched aDual Enrollment program, a concept that has been aroundfor more than two decades nationally, but only recently hastaken root in Orange County and throughout the state.The idea is simple: In California, a college district and highschool district share an agreement known as CCAP, for College& Career Access Pathways Partnership Agreement.High school students who participate in the Dual Enrollmentprogram can take several college courses and earn both highschool and college credit — and it’s all free, including books.If a student were to take two college classes each semester inhigh school and another course each summer, they could earn60 college credits for free before they finish high school. Thisequates to the first two years of a four-year degree program.Leo took American Sign Language (ASL) 1 in Spring 2018 andASL 2 in Spring 2019 — and he aced both classes.“I liked that Golden West gave me the opportunity to take aforeign language that I really need for life that my high schooldidn’t offer,” said Leo. He plans to attend GWC and eventuallybecome a teacher of deaf and hard-of-hearing children.Leo said he especially enjoyed having a deaf instructor in ASL 2.“It made the class more realistic,” he said. “These classesoffered me a great way to sample a college experience andhelped me keep focused on my future.”Jessica Wyman, Leo’s mother, a kindergarten teacher at OakView Elementary in Huntington Beach, learned about GWC’sDual Enrollment program from her daughter, Claire, who alsois hard of hearing and has a learning disability.By comparison, a student who studies full time for two yearsat a Cal State University campus would pay about 15,000 justin tuition and fees, while a student at a UC campus would paynearly 30,000 in tuition and fees.Claire, 23, who now attends Cal State Long Beach, had takenASL classes at Golden West and had praised the quality ofthe program and its instructors. She brought home materialsto her mother and brother about GWC’s Dual Enrollmentprogram when the college announced its launch.The many benefits of Dual Enrollment have caused it to growin popularity in California in recent years.Wyman was thrilled.Classes are taught at the high schools, and students cantake the college credits they earn and apply them toward abachelor’s degree at a four-year university.10“I was jumping for joy, because it gave Leo a chance to take aclass that Ocean View didn’t offer,” she said.Leo was the only student from Ocean View to participate inthe Dual Enrollment Program that Spring 2018 semester.

“The program since has grown rapidly and continues toexpand,” said Matt Valerius, Director of Guided Pathways &Dual Enrollment at GWC.“The high schools are becoming much more interested in it,”Valerius said. “They’re starting to see the benefits, and GoldenWest is putting the necessary resources behind it.”“Numerous studies from across the country have shownthe benefits of participating in Dual Enrollment programs,with Dual Enrollment students tending to perform betteracademically in both high school and college,” Valerius said.For more details about the program, visitgoldenwestcollege.edu/dualenrollment.GWC began its Dual Enrollment partnership with theHuntington Beach Union High School District (HBUSD) andlast fall, GWC began offering courses at five high schools inthe Garden Grove Unified School District (GGUSD).Leo Gruber11

Courtyard of HonorHONORING EXCEPTIONAL BENEFACTORS ANDDISTINGUISHED ALUMNI.Michael GatesOn Thursday, October 17, the Golden West College Foundationhosted its Courtyard of Honor Ceremony in the President’sCourtyard. The annual event allows the Foundation toexpress gratitude and appreciation to those individuals andorganizations who have contributed significant financialresources to the college over the years.The event is also an opportunity to recognize alumni whohave distinguished themselves in their careers and lives afterattending GWC.Chief Mark LauderbackALUMNI PILLARS OF ACHIEVEMENTAlumni Pillar of Achievement recipients have completed 30or more units at Golden West College and achieved notablerecognition in their field of endeavor. Alumni are eligible forPillar nomination 10 years or more after leaving GWC.Tony LeeMichael Gates became the City Attorney for the City ofHuntington Beach in November of 2014 and was recently reelected in 2018. He earned his Juris Doctor from ChapmanUniversity School of Law and is admitted as a member of theU.S. Supreme Court, the California Supreme Court, the NinthCircuit Court of Appeals, and the United States District Court.Chief Mark Lauderback started his career with theWestminster Police Department in 1994. His outstandingachievements and leadership have enabled him to him risethrough the ranks of the department until early 2019 whenwas selected as the department’s Chief.Christine MassasEric Warren12Tony Lee is a technical leader and product manager at theBoeing Company, where he has been recognized for hisexcellence as both a leader and mentor. Lee is a NationalScience Foundation Scholar, a member of the AmericanScholars National Honor Society, and is currently completingwork on his fifth master’s degree.

Christine Massas credits the quality of the education shereceived at the GWC School of Nursing as being instrumentalin shaping her successful career as a critical care nurse.Eric Warren started his career in public relations by serving onthe student government at GWC while he was also employedas an aide to a member of the U.S. House of Representatives.He has emerged as a public relations leader in the space andintelligence industry and is currently director of public relationsat Utah State University’s Space Dynamics Laboratory.Bonnie CastreyGOLDEN SOCIETYMembership in the Golden Society is an honor bestowedupon individuals or businesses whose cumulative cash giftsto GWC range from 10,000 to 24,999. Four new GoldenSociety members were inducted this year: The HuntingtonBeach Automobile Dealers Association; Ron Kupferstein;Dr. Lorraine Prinsky; and Joe Jr. and Valerie Venegas.Al and Patricia CorfieldPILLARS OF SUPPORTPillars of Support are identified by a plaque installed on oneof the many concrete pillars located throughout the campus.Just as the concrete pillars support the physical buildings,our donors support the educational needs of our students.A Pillar of Support represents a cash gift from an individualor business of 25,000 or higher. Pillar of Support inducteesthis year were: American Legion of Inglewood; Ralph andCharlene Bauer; Bonnie and Robert Castrey; and Al andPatricia Corfield (on behalf of GWC’s Dan Corfield.)Cheryl and Tom GravelineRalph and Charlene BauerThe Huntington Beach AutomobileDealers Association was representedby Dave Garofalo.The American Legion of Inglewoodwas represented by Cheryl and TomGraveline.Dave GarofaloJoe Jr. and Valerie VenegasDr. Lorraine Prinsky13

Financial StatementsSTATEMENT OF FINANCIAL POSITION For the Fiscal Year Ended June 30, 2019With Comparative Totals as of June 30, 2018ASSETSCurrent AssetsCash and cash equivalentsTotal Current AssetsNon-Current AssetsOperating investments, at fair valueInvestments, at fair valueInvestments with FCCCTotal Non-Current AssetsTotal AssetsLIABILITIES AND NET ASSETSCurrent LiabilitiesAccounts payableDesignated scholarshipsDue to DistrictTotal Current LiabilitiesNet AssetsWithout donor restrictionsWith donor restrictionsTotal Net AssetsTotal Liabilities and Net AssetsJune 30, 2019June 30, 2018 1,631,8461,631,846 ,5189,284,1289,914,646 9,974,147560,1389,024,9059,585,043 9,696,643STATEMENT OF CASH FLOWS For the Fiscal Year Ended June 30, 2019With Comparative Totals for the Fiscal Year Ended June 30, 2018Cash Flows from Operating ActivitiesContributions, grants and special eventsVending machine commissionsReimbursements to Coast Community College District on behalf ofemployeesPayments for college supportPayments to suppliersPayments to/on behalf of employees for scholarshipsNet Cash Used by Operating ActivitiesCash Flows from Investing ActivitiesReinvested interest and dividends, net of expenseProceeds from sale and (purchase) of investments, netProceeds from sale and (purchase) of investments, netNet Cash Provided (Used) by Investing ActivitiesNet Decrease in Cash and Cash EquivalentsCash and cash equivalents, beginning of yearCash and cash equivalents, end of yearJune 30, 2019 818,4984,317(109,985) 49,812)2,263,97412,349(86,558)1,718,404 859)2,286,263 1,718,404Reconciliation of Change in Net Assets to Cash Provided (Used) by Operating ActivitiesChange in net assets 329,603Adjustments to reconcile change in net assets to cash provided (used) by operating activitiesNet investment income(375,432)Change in value, FCCC Investment(979)Change in assets – (increase) decrease:Contributions receivable–Change in liabilities – (increase) decrease:Accounts payable(39,974)Designated scholarships(1,849)Due to Coast Community College District(10,276)Net Cash (Used) by Operating Activities (98,907)14June 30, 2018 317,734(421,638)(3,257)38,70827,41810,5698,719 (21,747)

STATEMENT OF ACTIVITIES For the Fiscal Year Ended June 30, 2019With Comparative Totals for the Fiscal Year Ended June 30, 2018June 30, 2019Without DonorRestrictionsREVENUESSupport and RevenueContributions and giftsGrant revenueSpecial eventsAdministration feeDonated servicesDonated facilitiesTotal Support –OPERATING EXPENSESProgram servicesStudent and campus supportSupporting servicesManagement and generalFundraisingTotal Expense

GOLDEN WEST COLLEGE FOUNDATION 2019 ANNUAL REPORT Thank you for your continued support of Golden West College Students through your contributions to the GWC Foundation. GOLDEN WEST COLLEGE FOUNDATION 15744 Goldenwest Street, Huntington Beach, CA 92647-3103 501(c)(3) Tax ID 33-0073702 714-895-8316 www.gwchbfoundation.com