THEATER ENDOWMENT OK'D $2 MILLION PACT MET WITH COLLEGE OF CANYONS DELAYS.Byline: Carol Rock Staff Writer VALENCIA - A $2 million endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. pledged by a local company nearly a year ago for the theater at College of the Canyons College of the Canyons is one of the fastest-growing community colleges in the state. According to the National Junior College Research Association, College of the Canyons consistently ranks in the top 50 community colleges in the nation. was finalized See finalization. Wednesday. The delay came as the college failed to come up with a contract with locally owned Vital Express delivery service, said Lisa Boaz, who owns the company with husband Dan Boaz. Boaz said she tried to submit the first check for the donation to the Valencia college in January, but was turned away. Since then, as many as six lawyers on the college's side have been working on a contract. The couple didn't receive a draft contract until April, seven months after their initial pledge. ``I came to pay the first installment and they wouldn't take the money because we had no contract,'' she said. ``I told them I wasn't worried about legal formalities for·mal·i·ty n. pl. for·mal·i·ties 1. The quality or condition of being formal. 2. Rigorous or ceremonious adherence to established forms, rules, or customs. 3. , but they wouldn't accept the check.'' The contract gives the company the right to name the new facility. Signs reading ``Vital Express Center for the Performing Arts'' were among the details that needed to be worked out. Barry Gribbons, vice president of institutional development for the college, said the college district accepted the Boaz' letter of intent in October outlining the $2 million donation payment plan of $16,666.66 a month for 120 months. Expectations outlined in the letter of intent included the naming of the center; prominent exterior signs facing east and south and inclusion on the electronic marquee; prominent signs on the donor The party conferring a power. One who makes a gift. One who creates a trust. donor n. a person or entity making a gift or donation. DONOR. He who makes a gift. (q.v.) wall; blocks of advanced-purchase seats for regular season events; complimentary seats for instructional events; name and company logo on all printed materials; a theater Web site to be named ``Vital Express Center'' with a link to their company; a minimum of five private uses of the facility for company meetings or speaking engagements, and private-party rights for the upstairs cocktail cocktail, short mixed drink originating in the United States and served as an appetizer. It generally has a basis of gin, whisky, rum, or brandy combined with vermouth or fruit juices and often flavored with bitters or grenadine. area. When the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. Community College District, which runs the college, approved the donation last Oct. 13, Gribbons said the College of the Canyons Foundation - the fundraising
``Our intention was to get sample copies of naming agreements from other colleges, but we quickly found out that donations of this nature on college campuses are quite rare,'' he said. ``The task became to create the agreement from the ground up. We simply didn't want to accept the check without an agreement.'' Mike Fehrs, executive director of development for Citrus College According to the Public Policy Institute of California, Citrus College had 632 students who transferred to universities during the 2005-2006 academic year, ranking seventh in the area. Citrus College students are represented by ASCC the Associated Students of Citrus College. in Glendora, echoed Gribbons' frustration. ``There are very few resources out there for these kinds of opportunities,'' he said, adding that he hoped to find an agreement that would accommodate an endowment and naming of his campus library. The Haugh Performing Arts Center The Haugh Performing Arts Center (HPAC) is a 1440-seat Theater located on the campus of Citrus College. Citrus College is also home to the Citrus Singers. To see what is currently playing, please visit the the web site: Haugh Performing Arts Center References on campus is named for a past college president with no endowment attached. ``I don't think we should have moved forward with the naming until contracts were in place because it's not fair to either side,'' said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Fortine, a College of the Canyons board member. ``From a business standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the , before you enter into a contract that's worth $2 million, every point needs to be addressed. This was the first time for a contract of this type, but there was action or lack of action taken on both sides that contributed to the problem.'' Joan McGregor, president of the college trustees and a member of the foundation board, has asked for updates during board meetings on a regular basis. ``Has it taken too long? Absolutely,'' McGregor said. ``Whether it was our staff, the holidays or different attorneys involved, it's definitely gone on much longer than the board or anyone wanted it to go. ``In the past, when we've named buildings, they've been honorary or in memory of someone. In this day and age, we'd prefer not to commercialize ourselves, but the ability to raise an amount like $2 million is difficult. The idea seemed very positive. With the endowment, we could provide sets, curriculum, musical scores and future maintenance. It was a great start for our grand opening.'' Dan Boaz said part of Wednesday's agreement was that three signs will go up immediately. ``We wanted control of the signs; we're not leaving that up to the college. If we do it, we know they'll go up,'' he said. Carol Rock, (661) 257-5252 carol.rock(at)dailynews.com CAPTION(S): photo Photo: (color) Vital Express signs will go up on and around College of the Canyons' theater. David Crane/Staff Photographer |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion