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Published 5/12/03
KeyBank and Walter E. Terhune Memorial Fund Contributes $100,000 To Support Owens Community College Academic Programs

James A. Hoffman, President of KeyBank's Northwest Ohio District, presents A donation worth $100,000 earlier today was awarded to Owens State Community College Foundation by the KeyBank National Association, on behalf of the Walter E. Terhune Memorial Fund, to support the continued advancement of academic program offerings and activities in the new Center for Fine and Performing Arts. The contribution is the single largest ever received by the College Foundation.

James A. Hoffman, President of KeyBank's Northwest Ohio District, presented the check to Owens President Christa Adams, Ph.D., and Gary Dettling, the Foundation's President and Chief Executive Officer, following a tour of the new Center for Fine and Performing Arts building. Established in 1926, the Walter E. Terhune Memorial Fund was created by Mr. Terhune's daughter, Alice Crosby Terhune, to honor her father who was a longtime Toledo businessman and philanthropist. Mr. Terhune was an owner and officer of Clark and Terhune Lumber Merchants, a successful lumber company in the 1800s. The Memorial Fund, for which KeyBank manages and directs, provides financial support to educational, literary, scientific and other charitable causes throughout the surrounding area.

On Tuesday, May 20, the College's Naming Review Committee will recommend to the Board of Trustees that the new Art Exhibition Gallery be named in honor of Walter E. Terhune.

"A gift of this magnitude, on behalf of KeyBank and the Terhune Memorial Fund, warrants significant recognition by the College and is a direct reflection on their vision of supporting enriched learning opportunities for the Northwest Ohio community," said Gary Dettling, Owens Foundation President and Chief Executive Officer. "Collaborative efforts, through the continued cultivation of partnerships among business and industry, are crucial in helping Owens provide current and future students with the resources to achieve academic excellence in higher education."

Opening Fall Semester 2003, Owens' new $10 million Center for Fine and Performing Arts will house 19 new degree and certificate program areas. Among the new academic program offerings available to students are Commercial Art, Dance, Fine Art, Interior Design, Music, Photography and Theatre.

The 74,396 square-foot, state-of-the-art facility also will feature a 522-seat theatre, 50-seat music and lecture hall, student exhibit galleries, art and design studios for graphic design, commercial art, painting, ceramics and sculpture, as well as acoustic laboratories for the instruction of dance, piano, vocal and instrumental music, and practice rooms.

"KeyBank is happy to provide this support to the Center for Fine and Performing Arts," said President Hoffman. "This new center is another example of the strong commitment that Owens Community College has for the community and students, providing a venue for Northwest Ohio's artists and performers. KeyBank continues to support projects that enhance the lives of our community."

KeyBank is a subsidiary of KeyCorp, which is headquartered in Cleveland. A Fortune 500 company, KeyCorp is recognized as one of the nation's largest bank-based financial services organizations with assets of approximately $86 billion. In Northwest Ohio and Southeast Michigan, Key has over 60 branches and investment offices through its McDonald Financial Group. Among the many services offered by Key companies include providing investment management, retail and commercial banking, retirement, consumer finance and investment banking products to individuals and businesses nationwide.

The Owens State Community College Foundation was incorporated in April 2002 and has nearly $1 million in assets. The Foundation Board of Directors currently is comprised of 19 community leaders from Lucas, Wood and Hancock counties.

The mission of the Owens Foundation and its Board of Directors is cultivating gift initiatives, targeting successful alumni, business and industry members who are committed to investing and supporting the educational needs of current and future Owens students. The Foundation's focus allows Owens to continue offering affordable tuition, ensuring the College's academic position as the best investment in Northwest Ohio. Over $81,500 in Foundation scholarships was awarded to Owens students exemplifying academic excellence and leadership during the 2002-2003 academic year.

Owens, this past year, also has awarded over $38 million in grants, scholarships, loans and federal work-study to support the educational needs of students. In addition, the College's Board of Trustees provides more than $92,000 in scholarships to 92 students through its Academic Excellence Program.

Owens Community College is the fastest-growing higher educational institution in Northwest Ohio with 24 consecutive semesters of enrollment increases. On the Toledo-area and Findlay-area campuses, Owens serves more than 38,000 credit and non-credit students making it the number one choice for new college students. Owens is committed to providing small classes, personal attention and unmatched affordability. Owens Community College offers over 130 program areas in Agriculture, Business, Fine and Performing Arts, Health, Public Service, Skilled Trades, Industrial and Engineering Technologies. Owens students also can earn the first two years of a bachelor 's degree with a smooth transfer to any area four-year college or university.


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