Northeastern Junior College Foundation Magazine Online

On behalf of the Northeastern Junior College Foundation Officers and Board of Trustees, I invite you to use this magazine as an update on what is happening with the foundation, the NJC Development Team, and the college in general. Gail Laforce

Our initial launch is scheduled for mid-summer 2014. Meanwhile, the Volume 1, Issue 1 articles and statistics will begin to show up on this site for your perusal. At present we plan for this to be a quarterly publication: July 10th, October 10th, January 10th, and April 10th.

If you have any questions or comments, please contact me by e-mail: gail.laforce@njc.edu

Meanwhile, thank you for your support of the NJC Foundation!

Gail LaForce, Executive Director
NJC Foundation and Development

 

Tell me about the NJC Foundation

Established in 1977, the Northeastern Junior College Foundation endows the future of NJC, its students, and faculty through solicitation, management, and recognition of donations, while promoting NJC throughout the state, region, and nation.

The foundation is a tax-exempt entity under Section 501(c)(3) of the IRS Code. As such, the United States Internal Revenue Service has ruled that gifts to the NJC Foundation are deductible for federal income tax purposes and for federal estate and gift purposes.

Therefore, the NJC Foundation works to recruit and manage endowments that provide dollars for scholarships and other much needed equipment or services not funded by other sources. Gifts may include cash, life insurance or 401k policies, bequests, appreciated property, closely held stock, gift annuities and charitable remainder trusts.

The articles of incorporation state the foundation is to promote the general welfare, development, growth, and well-being of Northeastern. They further define that as engaging in public service and other activities to promote the development and growth of NJC. In particular, that includes seeking financial support for the benefit of the college and providing broader educational opportunities for and services to students of the college.

The Foundation acts as a fiduciary on behalf of the donor of a gift and the Northeastern program to be funded by the gift. A Board of Directors administers the affairs of the Foundation.