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Xerox foundation invests $1.75 million in MCC
(December
2006) — The charitable arm of Xerox Corp. is giving $1.75 million to
Monroe Community College to go toward scholarships, equipment, faculty
enrichment and seed money for new programs.Xerox CEO Anne Mulcahy
announced the Xerox Foundation donation Wednesday while accepting the
MCC Foundation’s 2006 Salute to Excellence Award at Riverside
Convention Center.The donation came as a surprise to MCC’s foundation,
said Director Diane L. Shoger. The two foundations will talk further to
see if Xerox Foundation has any preferences on how the money is
used.”We are beside ourselves with admiration for a corporation that
really values public education,” she said.”We are fortunate that MCC is
a great community college that continues to transform itself,” Mulcahy
said in her acceptance speech, according to MCC. “We consider this
grant not a gift, not a donation, but an investment in our collective
future.”The money will be paid out over five years, which is typical
for major gifts, Shoger said.Xerox and MCC have ties that go back to
the community college’s start. E. Kent Damon, a founding executive of
Xerox, also was one of the founding trustees of MCC.
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