Below are frequently asked questions about Whatcom Community College's Foundation. If you have additional questions, please contact us at email@example.com or 360.383.3320. We would be happy to hear from you.
2018 Investment RFP Submissions
Mill Creek Capital Advisors, LLC
Prince Financial Services
Time Value Investments
Waycross Investment Management Company
Wells Fargo Advisors
WCC Foundation Board Resources
WCCF Board Director's Resource Guide
1.2 WCC Foundation Staff
1.3 Advancement Org Chart
1.4 Whatcom Celebrates 50 Years - College Timeline
2.1 Foundation Funding
2.2 What does the Fund for Excellence support
3. Board Member Job Description
4. Articles of Incorporation
5. WCCF 501 (c) 3 Letter
6. 2017 WCCF Bylaws
7.1 Endow Policy
7.2 Endow Investment Policy
7.3 Endow Spending Policy
8. D&O coverage documents available upon request
9. WCCF Audited Financials ending June 30 2017
10. Committee Descriptions
What role does WCC play in our community?Whatcom Community College is a comprehensive two-year college serving 10,980 students in the 2014-15 academic year. WCC provides quality education in academic transfer, professional-technical and lifelong learning, preparing students for active citizenship in a global society. WCC is crucial to sustaining our local economy and, for many students, it is one of the few educational options they have to help improve their lives and those of their families.
WCC is a state-funded institution. Why do you need more money?WCC is a government-supported institution with funding from Washington State now making up less than half of its operating budget. The recent economic recession placed an enormous financial strain on both the College and our students. Increasing numbers of students are facing economic difficulties and struggling to afford tuition. The Foundation received a record number of scholarship applications last year. Private funding is critical to ensuring that WCC continues to be widely accessible to students from all economic backgrounds.
Why don't you just raise tuition and fees?We have. But community colleges are founded on the principle of access for all, and we want to stay true to that commitment. WCC's tuition is as much as three times less than major in-state universities, and for many students, Whatcom's affordable tuition makes higher education possible. However, tuition rates have increased substantially over the past few years, as they have at all state colleges and universities. While WCC strives to maintain high quality academic programs, it is also important to keep education affordable and accessible to a range of students. Tuition hikes of even a few hundred dollars each year per student may not sound like much, especially compared to tuition costs at traditional four-year universities, but for many individuals who are struggling financially, even that amount can push the goal of a college education out of reach.
Why is private support important?The deep cuts in state funding and the increase in students who need financial assistance have resulted in declining revenue for WCC. Private contributions are essential to maintain an outstanding learning environment and to fund special programs that would not otherwise be offered. Excellence in education requires investment beyond the minimum amount necessary to sustain the College. Private charitable gifts to WCC are increasingly important to the future of the College, its students and the community.
Where does the money go?
Contributions fund key College programs, including scholarships, tutoring, veterans services, intercultural and diversity initiatives, emergency funds for textbooks and tuition, and other student services.
How is the Foundation related to the College?The Foundation is a non-profit 501(c)3 organization that exists to help meet the needs of the College and its students, enhancing educational opportunities through a number of programs and initiatives. The Foundation secures private funding for WCC so the College can focus on its mission: contributing to the vitality of our communities by providing quality education in academic transfer, professional-technical and life-long learning, and preparing students for active citizenship in a global society.
What are the tax benefits of making a gift to WCCF?Because the Foundation is registered as a non-profit organization, all gifts are tax-deductible. Planned gifts such as bequests, trusts and securities may carry additional tax benefits. Consult your accountant for specific details.
How can I contact the Foundation?
By phone: 360.383.3320, email: firstname.lastname@example.org, mail: 237 West Kellogg Road, Bellingham, WA 98226, or visit us Monday - Friday from 8 a.m. to 5 p.m. at 333 Calluna Court, Bellingham, WA 98226. We're located on the 2nd floor of the Foundation Building just south of the main WCC campus.