By the close of 2009, the Foundation’s assets had amounted to nearly $23.5 million. Major holdings include a gift annuity fund, an endowment supporting scholarships and program funds, 69 acres of land adjacent to the College and other investments.
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 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 is not expended, but invested so the income will provide ongoing support to the institution.
- Unrestricted donations are used to support Foundation operations and provide Foundation Directors with the flexibility and resources to address Northwest College’s greatest needs.
For detailed financial information, click on the links below.
2008 990 Form - Link temporary unavailable