Foundation

Goal

The Foundation encourages alumni, friends, and businesses to be supportive of the higher education mission on an annual basis. It is important to build long-term friendships, which help individuals feel more involved with the College, to feel a growing sense of ownership of it, as well as its extension centers and auxiliary endeavors.

The goal of the Foundation is to accomplish:

  1. support of the College, which will be firmly grounded in need and not want,
  2. a sense of involvement by alumni, friends, and businesses within the College and its development plans,
  3. a sense of ownership in the plans among our constituents - so they begin to share and advance their individual ideas and goals,
  4. the charge of recruiting and enlisting leadership for our fiscal growth,
  5. the growth of the College as an institution that listens and responds to the community, and
  6. the people-base which is necessary for long-range development programming.

The Foundation has three areas of financial need: operational, capital, and endowment. Operational, or unrestricted funds, are utilized everyday to address the maintenance of our office, grants, postage and printing. Unrestricted funds also allow the Foundation to designate revenue over expense to the investment portfolio or transfer assets into the College for scholarships and programs.

Capital funds involve changes in the institution's physical plant such as renovation, construction, and major acquisitions. These needs occur periodically and the College cannot always depend upon its major sources of income (government: state, local and federal; and tuition), a millage or its current funds to support these needs.

The purpose of an Endowment may be to establish a permanent scholarship fund, to benefit the operation of the College, or support a vital program.