Coos Bay, OR.- Margaret Dean made a gift of $25,000 to the new Curry Campus of Southwestern Oregon Community College just a few days before Thanksgiving. The gift comes just in time because the new campus still needs donations to purchase furnishings, fixtures and equipment.
We are very thankful to Mrs. Dean who is helping to fund the final stages of the new building in Brookings. There is a funding gap just over $200,000 which needs to be raised through gifts and grants” said Karen Pringle, the Foundation Director, who accepted the gift from Margaret.
“We are very thankful to Mrs. Dean who is helping to fund the final stages of the new building in Brookings. There is a funding gap just over $200,000 which needs to be raised through gifts and grants” said Karen Pringle, the Foundation Director, who accepted the gift from Margaret.
The computer lab and the allied health classrooms will need equipment comparable to that found in workplace settings where students will be headed after graduation. The college will show their thanks by naming a room in honor of Jack and Margaret Dean.
At 101 years of age, Maggie, as many of her friends call her, attributes her long life to being happy. About the gift she recently gave she says with a smile “I can’t take it with me!” Maggie has affection for the families living on the south coast. She says she believes in education, and especially the need for a college to be close enough for students to attend.
She lived in Portland at one time and when she and her husband Jack decided to go into business in Coos Bay, it was the best decision they could have made. After a successful run in business, they invested in cranberry farming near Bandon, and moved to Floras Lake.
This isn’t the first gift Maggie has made to Southwestern. Her attorney, a financial advisor and the gift planner at Southwestern talked with Maggie in 1998 and showed her the benefits of setting up a Charitable Remainder Trust. The gift to Southwestern was invested and grows enough to compound and to offer a fixed income paid quarterly. Maggie has also gifted many of those quarterly payments back to Southwestern. When this trust matures, the remainder will continue to fund the Jack and Margaret Dean Scholarship Fund.
Doors of the Curry Campus will open January 2012, so the equipment and furnishings are on order now. The Ausland Group, the construction firm who was awarded the bid, finished construction last week, and turned over the keys to the school on Friday to Janet Pretti, the Dean of Curry Campus. Pretti says that area high school students refer to the new building as a “real college.”
The current building has limited capacity for a very long time. Enrollment is expected to grow in both the academic courses as well as community education classes. Many students will receive the bounty of Jack and Margaret Dean’s generosity.