The Blinn College Foundation manages many different types and sizes of gifts. Gifts received by the Foundation are either invested or disbursed to different areas based on donor designation. In this way, endowments remain forever, benefiting generation after generation of students and faculty. Whereas, one-time gifts go towards funding current projects.
FY13-14 Financial Statistics; as of August 31, 2014
Net Assets - $10,242,579
Long-term Investment Pool - $7,796,558
Payment to/for Blinn College - $439,003
Numerous checks and balances are in place to ensure the integrity of Foundation:
Board of Trustees
Our Board of Trustees consists of twenty members, each with extensive business and communty experience. These individuals determine our investment and fundraising policies/priorities, along with approving our annual budget.
An external auditor annually audits the Foundation. Findings from this audit are published along with our financial statements in our annual report and copies are available to the public upon request.
Fiscal Year 2013-2014 Audit (As of August 31, 2014)
Most Current IRS 990 (September 1, 2012 - August 31, 2013)
We regulate the use of gifts through numerous internal and external controls. Foundation and college administrators must sign off on every disbursement.
Partnership with the College
To ensure the Foundation focuses on the university’s funding priorities, we maintain an open line of communication with Blinn College's president, the deans of the colleges, the Blinn College Board of Trustees.