MCTC Foundation Receives $300K from Thomas Wells
MCTC Foundation Receives $300,000 from Thomas Wells; Endowed Gift is Third Largest in College History
The Minneapolis Community and Technical College (MCTC) Foundation
received an endowed gift of $300,000 from the Trust of Thomas H. Wells. Tom, as he was known by friends, passed away unexpectedly in August of 2012.
Tom Wells served on the MCTC Foundation Board for over two decades, and was president of the MCTC Foundation when it embarked on its first capital campaign in the mid-1990s. “The recent endowed gift of $300,000 will ensure the continuation of Tom’s legacy for the students of MCTC,” stated Phil Davis, president of MCTC. “Nothing made Tom more proud than to meet a group of Wells Family Foundation student scholars, and learn about their incredible life stories.”
Throughout his life, Tom pursued philanthropic goals working individually and through the Wells Family Foundation. In 2006, Tom initiated and funded the Wells Family Scholarship Fund through the Wells Family Foundation and through personal contributions. More than 170 students have received Wells Family Scholarships at MCTC—many of whom are first-generation college students, low-income students or students of color. These students have demonstrated their academic success, with average GPAs of 3.5 and with retention rates that exceed college averages.
Many students have let the College and the Wells family know of their gratitude, including Nunay, who stated, “You have lightened my financial burden which allows me to focus more on learning, maintaining my GPA and completing my degree at MCTC. Your generosity has inspired me to help others and give back to the community.”
MCTC will begin offering scholarships through the Thomas B. Wells Endowed Family Scholarship Fund in fall semester of 2014.