Farm Credit Illinois, based in Mahomet, recently gifted the Lake Land College Foundation $50,000 as the inaugural gift for a newly established Agricultural Division Endowment. The company has also committed an additional gift in the amount of $25,000 to establish the Farm Credit Illinois Endowment, and has committed $5,000 each year for the next five years to the Foundation.
According to Dave Cox, director of the foundation and alumni, these gifts will be used to support the agriculture programs at the college in addition to supporting scholarships for agriculture students.
“We are very appreciative of the commitment that Farm Credit Illinois has shown to the agriculture industry and particularly our agriculture program and students at Lake Land College,” said Cox. “It will serve as a model for others to partner with Lake Land College and provide the resources needed for a first-class college experience training our students for the workforce in a variety of programs. We anticipate a long, productive partnership and look forward to seeing our students utilize the Farm Credit Illinois Learning Laboratory.”
In exchange for the donation, Lake Land has agreed to name room 123 in the West Building the Farm Credit Illinois Learning Laboratory. The naming rights will be in effect from January 2014 through December 2025.
“We’ve moved our company’s focus from how we can be successful, to how we can be significant,” said Dave Owens, president and CEO of Farm Credit Illinois. “We wondered how we could be significant to our agriculture community. So, we decided that there would be no better way to make a difference than with our youth in agriculture.”
To learn more about the Lake Land College Foundation, visit: www.lakeland.cc.il.us/dv/fd/index. For more information about the Agriculture Division at Lake Land College, visit: www.lakeland.cc.il.us/as/ag/index.