Why is a separate Foundation advantageous?
As a private, nonprofit organization, the NSCC Foundation provides investment flexibility and a separation between public and private funding, so that each can be used appropriately. All Foundation records, as well as board meetings, are open to the public.
What specific services does the Foundation provide?
The Foundation is responsible for:
- Receiving, recording, receipting, acknowledging and reporting gifts
- Investing funds
- Providing stewardship for fund disbursement
- Maintaining a data base of alumni, donors and friends
- Assisting the alumni relations and development offices in their efforts.
How is the Foundation governed?
The NSCC Foundation is governed by a volunteer board of Directors, made up of community leaders. These individuals help oversee the Foundation’s policies and procedures and monitor its finances.
Who decides how money is spent?
You decide how your gift is used. More than 100 percent of contributions to the Foundation are designated by the donor for a specific purpose or area of use.
Who decides how money is invested?
To maximize your gift, the Finance committee of the Foundation’s Board of Directors works with SJS Investment in Sylvania, Ohio. Our current portfolio stands at $4,652,393.41 (06/30/12). The Foundation’s distribution policy is currently 4.5% of a three-year rolling average of the market value of the endowed fund. This preserves the value of the Foundation’s endowment, to provide a reliable source of funds for NSCCs current and future use.
What is the Annual Fund?
The Annual Fund provides a vehicle for alumni and friends to make an immediate impact on current NSCC students. Donations to Northwest State go to work immediately, meeting the needs of our current students. It is extremely important because it helps strengthen the foundation upon which the college continues to build its future, and enables us to provide access to students seeking an affordable college education. When you give to the Annual Fund, you not only state that you believe in the goals of the College and the value of education, but you also invest in the current and future students of Northwest State.