Northwest College Foundation

 
Northwest College Foundation

 

Northwest College » Foundation » Financials

Financials

 

By the close of 2007, the Foundation's assets amounted to nearly $17.1 million. Major holdings include a gift annuity fund, an endowment including general and scholarship funds, 76 acres of land adjacent to the college and other investments.

 

Click here to view the Financial Statement for the year ended December 31, 2007.

 

2007 flow of dollars from NWC Foundation to Northwest College

Money received by the Foundation doesn't automatically flow to the college for use at its discretion.

  • Donor-designated Annual Campaign funds are transferred directly to specific programs.
  • General scholarship gifts are held for a short while and then passed on to student recipients.
  • Generally, larger gifts to the Foundation are permanently endowed; the principal balance of these funds will never be used. They are invested so the income from them will provide ongoing support to the institution.
  • Unrestricted donations to the Foundation are used in two ways: to cover the Foundation's operating expenses, and to provide Foundation Directors with the flexibility and resources needed to fund grants which build and improve Northwest College.

 

Foundation funds provided to Northwest College during 2007

Amounts are in US Dollars ($)

General scholarships

181,835

Endowment Income

276,811

Academic/Program support

168,473

Paul Stock Foundation funds

42,200

Field Station Building Projects

17,189

Grants to NWC

7,223

College Promotion/PR

3,194

Total

$696,925

 

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