The Foundation is a separate, not-for-profit, IRS approved 501©(3) corporation chartered to provide a vehicle for acquiring and receiving gifts. These contributions provide support for educational programs and help to provide financially for the educational needs of North Florida Community College students. The Foundation is managed by a voluntary eighteen member Board of Directors made up of college personnel, business and civic leaders from all six counties served by NFCC. The Board roster, the corporate charter, bylaws, policies and procedures are located in the office of the Foundation Director.
What type of donations are accepted?
Contributions to the Foundation can be made by cash, check, securities, gifts of property or other saleable assets, trusts, annuities, or by bequest. We welcome your response or questions at (850) 973-9414 or by mail: Gina Rutherford, North Florida Community College Foundation, Inc. 325 NW Turner Davis Drive, Madison, FL 32340, or e-mail to: RutherfordG@nfcc.edu.
How are donations used?
Donations can be made to set up a new scholarship at NFCC, to contribute to an existing scholarship or to support the NFCC Foundation in a variety of areas. The Foundation maintains 17 named scholarships (8 endowed), an academic support account, the athletic boosters account, a library support account, a vocational fund, an alumni fund, the Take Stock in Children Fund, the Wardlaw-Smith-Goza Conference account and other miscellaneous accounts. For most endowment accounts, contributions are eligible for state matching monies through the Florida Academic Improvement Trust Fund (60/40) or the Scholarship Matching Program (50/50). In addition, we participate in the Health Care/Nursing Education Challenge Grant Fund, which also matches 60/40 for nursing donations. Also, new this year is the opportunity to match donations designated for equipment. There is no minimum or maximum contribution for these matching programs. An amount of $22,000 establishes a named endowment account. With state matching through the AITF and Nursing Grants, this means a $13,200 private donation would usually be eligible for a $8,800 state match. The Scholarship Matching Program requires a sum of $11,000 that can be matched equally. Endowments may be established with a one-time gift or by a pledge with payments made over several years. Interest earned on the endowed scholarship will allow for a full tuition scholarship each year and will be used according to the donor’s intent. Typically, endowment earnings in excess of scholarship demands are credited to the named endowed account as principle to be available in the future to support the scholarship, thereby, helping keep pace with inflation and preventing erosion of the account’s purchasing power.
How can I make a donation?
For more information or to make a donation, please contact:
NFCC Foundation, Inc.
325 NW Turner Davis Drive
Madison, Florida 32340
Telephone: (850) 973-9423
Fax: (850) 973-9414