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Foundation Announces Over $15 Million in Net Assets at Annual Meeting
The late Ruth Stokely and John H. Stokely Jr. of Cocke County (shown in portraits) were honored during the annual meeting of the Walters State Foundation Board of Trustees. Second from left, Robert Lee is the son of Ruth Stokely and Virginia Stokely, second from right, is the wife of John H. Stokely Jr. Also pictured are Dr. Mark Hurst, associate vice president for college advancement at Walters State, and Linda Ogle, foundation president.
The late Vivian Litz Merhoff and Henry C. Merhoff of Morristown (shown in portrait) were honored during the annual meeting of the Walters State Foundation Board of Trustees. Holding the portrait is Elizabeth Merhoff Hughes, the daughter of the Merhoffs. Also pictured are Dr. Mark Hurst, associate vice president for college advancement at Walters State, and Linda Ogle, foundation president.
Ronnie Sartain (left) of Jefferson City was honored during the annual meeting of the Walters State Foundation Board of Trustees. Pictured with Sartain is Linda Ogle, foundation president.
During the annual meeting of the Walters State Foundation Board of Trustees on Monday, May 20, at the college's Sevier County Campus, it was reported that the foundation's net asset balance is just over $15 million, representing the organization's highest balance since 2006.
Of this amount, the foundation recently received over $1.4 million from the estate of the late Wilma Maples of Gatlinburg to establish endowed scholarships for students attending the Walters State Sevier County Campus. Maples, a businesswoman who owned the Gatlinburg Inn, was a major donor and supporter in the development of the Walters State Sevier County Campus.
"Mrs. Maples was an amazing, selfless individual who is greatly missed by the Walters State family," said Walters State vice president for academic affairs Dr. Lori Campbell in her remarks to trustees.
It was also reported that 227 students attending Walters State received Walters State foundation scholarships for the 2012-13 academic year. A total of $1.9 million in scholarship assistance has been provided by the foundation for students attending Walters State during the last five years.
Several individuals were recognized during the meeting with the unveiling of their portraits: Ronnie E. Sartain of Jefferson City; the late Vivian Litz Merhoff and Henry Merhoff of Morristown, and the late Ruth Stokely and John H. Stokely Jr. of Cocke County. Their portraits will be hung in the President's Trust Gallery at Walters State's Morristown campus.
In other foundation business, new officers were elected. Linda Ogle, businesswoman from Pigeon Forge, will remain as president of the foundation for 2013-14. Other elected foundation officers include Glenn B. Thompson, a certified public accountant from Morristown, as vice president; H. Scott Reams, an attorney from Morristown, as secretary, and Dr. Mark Hurst, associate vice president for college advancement at Walters State, as treasurer.
Also during the meeting, Campbell thanked trustees for their support of Walters State.
"As a trustee, you are instrumental in the college's ability to meet its mission to provide affordable higher education opportunities to residents of this community," said Campbell.
"Walters State is truly blessed to have the support of such a visionary and generous board of trustees," she also said.
Fishman Elected Foundation President
R. Michael Fishman (left), editor and publisher of the Citizen Tribune, was elected president of the Walters State Community College Foundation during the annual meeting of the organization's trustees on Monday at the college's Sevier County Campus. Fishman replaces Eleanor Yoakum (center) of Tazewell, who was honored during the meeting by Walters State president Dr. Wade McCamey (right) for her tenure as foundation president.
Johnstons Honored for Generous Support
Buddy and Vicki Johnston of Kingsport were honored for their generous support of the Walters State Community College Foundation during the annual meeting of the organization's trustees at the college's Sevier County Campus. They were recognized with the unveiling of their portrait, which will be hung in the President's Trust Gallery at the college's Morristown campus. The Johnstons established a memorial endowment in honor of their late son, Doug, who attended Walters State as a paramedic student. Pictured at left with the Johnstons is Walters State president Dr. Wade McCamey.
