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Macomb Community College receives pledge of $700,000 gift to support business and entrepreneurial education

– Monday, October 12, 2015 12:00AM

Anonymous donor plans estate gift that includes college’s new Center for Innovation and Entrepreneurship

The Macomb Community College Foundation has been notified of a $700,000 gift that will be funded from an anonymous donor’s estate.  The donation is part of the college’s first philanthropic campaign, Mission Macomb:  Creating Opportunities and Changing Lives, which is focused on supporting the community’s economic vitality by strengthening the region’s talent pool, fostering innovation and entrepreneurship, and enhancing cultural enrichment. 

The gift will fund a $50,000 endowed scholarship at Macomb Community College to support accounting students, a $100,000 endowed fund to support professional development opportunities for the college’s business faculty and $550,000 to support Macomb’s Center for Innovation and Entrepreneurship, a one-stop resource for both students and community members for entrepreneurship education and training, mentorship for startups and existing small business, and access to capital. 

“We are both excited and humbled by this incredibly generous gift,” said James Jacobs, president, Macomb Community College. “Our donor is not only signaling a strong confidence in the quality of Macomb Community College’s business and entrepreneurial programs, but is also investing in the future promise of our students, faculty and community.”

The donor was personally impressed by the power of the college’s Center for Innovation and Entrepreneurship after experiencing its first student pitch competition in April 2015 and seeing the impactful, hands-on educational process the competition provided.  An initial field of 50 students was winnowed down to eight finalists who vied to win up to a $5,000 award to support their business idea. The center’s second student pitch competition is being held Friday, Oct. 16, from 6 – 9 p.m. on the college’s Center Campus in Clinton Township, and is free and open to the public.  More information and registration is available at www.macomb.edu/pitch

About the Macomb Community College Foundation

Started in 1999, the Macomb Community College Foundation is a 501(c)3 organization that generates and manages private financial support for the educational purposes and objectives of the college.

About Macomb Community College

Macomb Community College (www.macomb.edu) is one of the nation’s leading community colleges, providing learning experiences to nearly 48,000 students annually.  Macomb nationally ranks in the top two percent in the number of associate degrees awarded by community colleges and is the largest grantor of associate degrees in Michigan.  The college’s comprehensive educational programming includes pre-collegiate experiences, university transfer and career preparation programs, bachelor degree completion and graduate degree programs, workforce training, professional education and certification, and continuing education and enrichment opportunities.

Media Contact: Jeanne Nicol, 586.445.7204, nicolj@macomb.edu