About Us
Meet the Team
Staff & Advisors
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Laura Rice
Administrator
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Debra Dalton
Legal
Laura Rice
Administrator
Board of Directors
Leta Gullette-Comer
President
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Lori Higginbotham
Treasurer
Dr. Mark Kilcollin
Vice President
Don Sibold
Board Member
Caroline Sparks
Secretary
John Terry
Board Member
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Debra Dalton
Legal
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Laura Rice
Administrator
Our Financial Approach
Over the last few years MCEF, with the guidance of the board of directors and advisors, has invested funds with local banks and in the stock market. Interest and gains made through these investments fund named scholarships. We do not distribute principal funds for scholarships.
Our fiscal year operates July 1 to June 30. Earnings are distributed to each fund based on the permanent principal balance. We withhold 1% of earnings to reinvest in funds allowing them grow over time. An additional 1% is retained to cover MCEF administrative fees. Remaining returns are distributed as scholarships.
Recent Investment Performance
28.60%
Fiscal Year Ending June 30, 2021
5.40%
Fiscal Year Ending June 30, 2020
7.73%
Fiscal Year Ending June 30, 2019