NJC Foundation

The Foundation at Northeastern is perhaps one of the most active and involved of its kind for two-year colleges in Colorado if not the nation. Established in 1977, the Foundation has worked diligently over the years to recruit and manage endowments that provide dollars for scholarships and other much-needed equipment and/or services not funded by the college?s annual budget. Managed by a group of dedicated volunteers, the Foundation currently manages assets in excess of $1 million. Each year it oversee the distribution of approximately $60,000 in scholarship awards.

Ways you can give to the Foundation

Monies are generated through annual fundraising, planned gifts, cash donations, life insurance/401K benefaction, will bequests, appreciated property benefaction, closely held stock, gift annuities and charitable remainder trusts.
Cash gifts-- NJC gratefully accepts gash gifts in any amount. Undesignated gifts to the Foundation are especially appreciated. Cash gifts may also be designated for special projecs, college departments, or named scholarship funds.
Life Insurance/401K--A life insurance or 401K policy may list the NJC as beneficiary. This avoids the loss of large portions of these accounts to taxes if funded with pre-tax dollars. The cash value of the policy is a donation.
Will bequests--A bequest through your will can be a living testimony of your support of the Foundation and NJC. An attorney should be consulted to assure that your will is properly executed.
Appreciated Property--A gift of stocks, bonds or other appreciated property is another way to invest in the future of the Foundation. Capital gains taxes may be avoided, and the full market value of the gift is deductible.
Closely Held Stock--The owner of a closely held corporation may be able to give stock with tremendous tax benefits. The owner may be able to receive an income tax deducation, avoid capital gains tax, and retire the stock for a new result of virtually no-cost giving.
Gift Annuities--These poplar vehicles involved the gift or cash or property by donor in exchange for a guaranteed fixed income for the life of one or two beneficiaries.
Charitable Reminder Trusts--This gift invovles an irrevocable transfer of property to a trust. The trust continues to pay income annually for the life of one or two beneficiaries or for an otherwise specified time period. The income is based on a fixed percentage of the fair market value of the property held in trust, and is re-evaluated on an annual basis. The percentage is set by the donor, but cannot be less than five percent.

We're working to raise dollars from donors

Annual fundraising - The Foundation hosts some very popular events each year designed to raise money and awareness.
NJC Foundation Golf Tournament - next scheduled date is May, 2008

In 2001 the Foundation purchased a residential property adjacent to the college campus which is now used as a home for participants in the college's Honors Program. To learn more about the Hoffman Honors House click here.

To contact the director of the Foundation or to learn more about how you can leave a legacy at Northeastern, contact Pat Fox.

Find out more about the NJC Foundation Board Members