Do you have questions about the Foundation? Here are some that we receive frequently. If what you need to know isn't found here, please try the Ways to Support section of our website, or feel free to contact us.
Barton is tax assisted rather than tax supported. Local taxes and state aid accounts for supplementing the College's general fund, which pays for salaries, supplies, maintenance and general upkeep. The remainder comes from tuition, fees and grants. However, these sources cover only the most basic of services.
Private support goes above and beyond daily operations, giving students a margin of excellence that incidental fees and tax appropriations alone cannot.
An endowment is a sum of money set aside for a specific purpose - say, to fund a scholarship - and invested in such a way that it should continue to generate funds for that purpose in perpetuity. In a sense, endowments are trust funds for the College. An amount of principal is invested for both immediate income and long-term growth.
As such, endowments offer steady, reliable income. Endowments can fund a scholarship, the Shafer Gallery, an academic project or an entire program. Endowment earnings might also be used to purchase academic equipment or strengthen library holdings.
Endowment moneys are always spent in whatever way the donor specifies.
Maintaining the public and private trust is central to the Foundation's mission, and its highest priority. Information about Foundation policies, activities, and financial statements are openly disclosed, while the obligation to maintain donor confidentiality is met.
In addition to the external oversight provided by the Board of Directors, the Foundation meets and exceeds a myriad of regulatory requirements governing its operation. Keeping the public informed is a high priority for the Foundation.
Both the Foundation and the College are audited annually by a professional certified public accounting firm.
In addition to the Executive Director of Institutional Advancement, fifteen men and women comprise a Board of Directors that governs the Foundation. Chosen by their peers, many are leaders in the business and professional community. All serve without compensation and contribute their considerable expertise and resources.
The College president and the chairman of the Board of Trustees sit on the Foundation Board as ex-officio members.
Exactly what you tell it to do. You, as a donor, can specify programs to benefit from your gift. This is called a "restricted" gift. Expenditures of these gift funds are made by the Foundation Board, according to strict guidelines for the use of that money as specified by the donor.
Some donors do not specify how they want their gift to be used, and let the College apply the money where it is most needed. These are called "unrestricted" gifts. The College typically uses unrestricted funds for scholarships, and to support important College initiatives for which other funding is not available.
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