ADVANCEMENT
THE 2017 FISCAL YEAR CLOSED ON JUNE 30, 2017. A total of 2,137 alumni,
parents, friends, corporations, and foundations made MMA a philanthropic
priority and helped the academy to raise $3,927,056. Of that total, the
Annual Fund received $711,776 and gifts to capital projects totaled $895,076.
Contributions to the school's endowment reached $2,017,173 boosted by a
large bequest from an alumnus. Another $303,032 was received for various
projects around campus. In addition, this year saw the completion of two capital
fundraising initiatives.
The Bowdoin Centennial Campaign raised $1,260,046 in gifts and pledges to
fund the replacement of Bowdoin's 30-year-old deck, a rebuild of the Cummins
Marine NTA 855 engine, a new refrigeration system, electrical system, and
generator.
The Men's Locker Room project raised $400,000 in gifts and pledges to update
HVAC, flooring, and new lockers.
Funding Priorities
ANNUAL FUND VISION 20 | 20
Maine Maritime Academy's vision is to provide the best marine-related
education of any smal college. But, it's clear: to achieve our vision, we must
increase fundraising capacity by 2020 in order to keep tuition and fees
affordable for al students and to assure the MMA of tomorrow is economical y
sound and sustainable. To help us in this quest, the Harold Alfond Foundation
has challenged Maine Maritime Academy to raise a cumulative total of $2.25
million over the next three fiscal years (July 1, 2017 - June 30, 2020) and
increase our alumni participation rate to 20% in 2020. When we meet that
challenge, we wil receive $750,000 from the Harold Alfond Foundation toward
scholarships for MMA students.
SCHOLARSHIP SUPPORT
Awarding deserving students with financial support has never been more
important. Endowed scholarships can be set up for a minimum of $25,000 and
the initial gift amount is preserved so the scholarship award can last indefinitely;
interest earned supports students on an annual basis. For an immediate impact
on MMA students, a donor can create a pass-through scholarship with a
minimum annual gift of $1,250. The scholarship is active as long as the donor
makes annual contributions.
ENDOWED AND PASS-THROUGH SCHOLARSHIPS ESTABLISHED SINCE 2016
Endowed: The Kirsten J. Freiberg Memorial Scholarship Fund; The Frederick J.
Harris Regimental Scholarship Fund; The Frederick J. Grondin, Sr. Regimental
Scholarship Fund; The Joseph L. L'Italien '52 Scholarship Fund; The Doria
Millett Scholarship Fund. Pass-Through: The Dirigo Regimental Pass-Through
Scholarship Fund; The MMA Regimental Wedge Scholarship Fund
CAPITAL PROJECTS
As fiscal year 2018 begins, MMA is seeking to raise $300,000 to renovate the
Margaret Chase Smith Gymnasium floor and bleachers, which have been in use
for more than 50 years. Naming rights are available for the court, bleachers, and
72 court-side seats.
A special thank-you to our generous donors for making MMA students a
priority in giving! To view a comprehensive, up-to-date list of al MMA donors,
please visit: mainemaritime.edu/support-mma/annual-giving-report

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