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About NCTC Foundation
Our mission is to inspire student success by raising funds to support NCTC’s institutional priorities. The Foundation works to change lives through scholarships and quality instructional programs by building relationships with our donors, fundraising and investment management.
Providing Scholarships, Supporting Programs and Building Our Communities
North Central Texas College Foundation impacts students’ lives every day by reducing the financial barriers to obtaining a quality education. The Foundation has assisted over 23,000 students through scholarships valued at over $12 million since its’ inception in 1984.
Through scholarships for tuition and fees, emergency aid funds, or textbook funds, we encourage you to partner with the Foundation to make a difference in the lives of our students. North Central Texas College enrolls over 15,000 students annually to provide high quality academic transfer and career training to equip tomorrow’s workforce.
Form 990
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Financial Statement
Audited 2022 Fiscal Year Financial Statement
Strategic Plan 2020-2025
Vision
Positively impacting students’ lives.
Mission
The NCTC Foundation inspires student success by raising funds to support NCTC’s institutional priorities.
Goals
Goal 1: Fundraising
Provide funding for NCTC scholarships, program support, and facility needs that align with NCTC strategic goals and priorities.
Objective 1.1
Increase the NCTC Foundation assets by 25% by 2025. (Benchmark: $11.2 million in2019 to $14 million in 2025)
Objective 1.2
Annually raise $25,000 for the Emergency Fund over the next five years. (Benchmark: $33, 772 since 2016)
Objective 1.3
Increase the percentage of NCTC students receiving scholarships from 10% to 15%.
Goal 2: Donor Relationships
Effectively build strong relationships with existing and potential donors to attain new and increased giving levels.
Objective 2.1
Initiate relationship with 200 new potential donors over the next five years in an increase of 25% in individual giving. ($577,011 — 2019 Baseline)
Cooke County Board: Initiate relationship with 60 new potential donors over the next five years resulting in an increase of 25% in individual giving. (275 individual donors — $312,635 donations — 2019 Baseline)
Denton County Board: Initiate relationship with 75 new potential donors over the next five years resulting in an increase of 25% in individual giving. (248 individual donors — $92,656 donations — 2019 Baseline)
Montague County Board: Initiate relationship with 30 new potential donors over the next five years resulting in an increase of 20% in individual giving. (20 individual donors — $5,860 donations — 2019 Baseline)
Cooke County Board: Initiate relationship with 35 new potential donors over the next five years resulting in an increase of 25% in individual giving. (19 individual donors — $3,914 donations — 2019 Baseline)
Objective 2.2
Develop stewardship plans for current donors who have given $5,000 or more and achieve a 10% increase in their annual giving.
Objective 2.3
Implement Donor Perfect CRM to establish a database for tracking current and prospective donors.
Objective 2.4
100% of donors will receive an annual statement from NCTC Foundation.
Goal 3: Marketing
Create and implement strategic marketing plan which encourages support and communicates impact of funds.
Objective 3.1
Create an influential marketing piece and presentation designed to encourage support and validate impact.
Objective 3.2
Develop video clips that capture inspiring stories of donors and their impact on scholarship recipients.
Objective 3.3
Annually make 30 number of presentations in the communities to promote the college, the foundation, and giving.
Cooke County: 8 number of presentations
Denton County: 12 number of presentations
Montague County: 5 number of presentations
Graham County: 5 number of presentations
Goal 4: Board Engagement
Engage enthusiastic board members as NCTC Ambassadors with clear fundraising objectives in their respective service area.
Objective 4.1
100% of NCTC Foundation Board members will make an annual contribution to the Foundation.
Objective 4.2
NCTC Foundation Board members will attend at least 70% of the regular board meeting.
Objective 4.3
NCTC Foundation Board members will initiate contact with three potential donors annually.
Goal 5: Fiduciary Responsibilities
Maintain sound financial position demonstrating accountability and transparency and manage invested funds prudently to increase endowed corpus and meet spending objectives.
Manage investment portfolio to achieve annual investment returns to support spending rate of 3% to 5%
Evaluate and select the best investment manager
Update and maintain investment policy
Provide annual financial statements which receive an unqualified audit opinion
Report quarterly financial position to the Board and the Board of Regents.