FREQUENTLY ASKED QUESTIONS
What are the true costs of a Martin Methodist College education versus the price of tuition?
The average amount of financial aid received for the full year by first-time, full-time students atMMC is 48% discount off the price of tuition.
How does Martin Methodist College’s tuition compare to that of comparable colleges?
The Martin 2010 Plan included a comprehensive analysis of MMC with both paradigm and peer institutions. Among peer institutions, MMC tuition rates are in the median range.
What is the current endowment and how is it managed?
The endowment for Martin Methodist College is valued at $10 million and is currently managed by Smith Barney.
What is the College’s endowment spending policy?
Endowment spending is not to exceed 5% of a3-year rolling average in any given year.
How does Martin Methodist College’s faculty compensation compare to that of other area colleges?
The Martin 2010 Plan includes an evaluation of faculty compensation among peer institutions in the Southeast. Although historical data indicates MMC faculty compensation to be below the mean, salary increases implemented in the past three years have brought Martin’s faculty compensation near the average among comparable institutions.
Is the Board of Trustees fully supportive of this campaign?
The Board of Trustees at Martin Methodist College has committed their time and financial resources to ensure the success of this campaign. By way of a matching gift challenge, the board has committed to provide $5 million of the total campaign goal.
What has been the recent history of Martin Methodist College fundraising?
Since January 2002, the college has received pledges or gifts totaling $16 million toward this campaign. In addition to major leadership pledges from Martin trustees, the Advancement Office has been cultivating major gifts for several major campaign projects.
Is the Advancement Office staffed to support raising $32 million?
With the approval of the Martin Board of Trustees in July of 2005, the advancement office has developed an internal campaign team of ten members. Three new advancement positions were created in July of 2005 to complete this team: Campaign Director, Annual Fund Director, and Major Gifts Officer.
|
