FOUNDATION OF WAYNE COMMUNITY COLLEGE

Introduction

"The only valid philosophy for North Carolina is the philosophy of total education..."

Dr. W. Dallas Herring

Former Chairman, State Board of Education

Working together to make it happen...

THE FOUNDATION OF WAYNE COMMUNITY COLLEGE AND YOU!

The Foundation of Wayne Community College, Inc. is a non-profit corporation organized under North Carolina and Federal laws in compliance with Section 501 (c) (3) of the Internal Revenue Code. Its purpose is to broaden the base of community support in order to promote the educational development of Wayne Community College.
 
Gifts to the Foundation are tax deductible. The Foundation accepts gifts of cash, real or personal property, or securities. It can accept donations, provisions of a will, gifts of insurance policies, or the establishment of trusts.

WHY A COLLEGE FOUNDATION?
While the college is funded by state and local tax revenues, these funds do not meet all the educational needs of the student. Increasingly, public institutions must rely upon private resources to fund new programs and to enrich the quality of existing programs. With these needs in mind, the Board of Trustees of the College established the Foundation of Wayne Community College in June, 1986.

FOUNDATION GOVERNANCE
The Foundation of Wayne Community College is governed by a 25 member board approved by the Board of Trustees of the College. Foundation Board meetings are held four times a year. Active and committed Foundation board members serve on resource development, internal affairs, community relations and finance committees that meet throughout the year.

The Foundation of Wayne Community College’s Executive Director is Jack Kannan.

FOUNDATION ENDOWMENT
The Foundation of Wayne Community College has an endowment of $2,800,000.
The Endowment fund investments are managed by the North Carolina Community Foundation.

PLANNED GIVING
Planned giving is a major component for the Foundation in providing educational opportunities for tomorrow's students. Avenues for giving have been established for current or deferred gifts through the Foundation's Planned Giving Program. Current or deferred gifts to the Foundation may include gifts of insurance policies, provisions of a will, the establishment of trusts, real or personal property, gifts of cash or securities.

Planned Giving Is The Key To Securing the Educational Future Of Tomorrow's Students!

FOUNDATION CAMPAIGN FOR FUNDS
An annual community and campus fund drive is conducted in of October. The Foundation has raised over $5,677,000 since 1988. Starting with a goal of $60,000 in 1988, the Foundation continues to increase and exceed the fund drive goals. Strong support for the Foundation from the college faculty, staff, students, and the community provides a solid basis for the Foundation's growth.