Collin County Community College District Foundation

The Collin County Community College District Foundation is a nonprofit organization based in Texas, established to support the educational initiatives and goals of the Collin County Community College District. It is designated under the IRS as a 501(c)(3) charitable organization, primarily focused on educational purposes, facilitating scholarships, and enhancing the quality of education in the community.

Mission and Purpose

The foundation's mission is to change lives through education by providing financial support to students at Collin College, thus helping them achieve their academic and career goals. This includes offering scholarships, funding educational programs, and supporting initiatives that promote academic excellence and workforce development.

Financial Overview

According to data from the IRS Form 990 filings, as of the fiscal year ending August 2021, the foundation reported total revenues of approximately $2.9 million. The majority of this revenue was generated through contributions, which accounted for about 85% of total revenue. Investment income and fundraising activities also contributed modestly to the foundation's financial resources.

Revenue Breakdown

• Contributions: $2,488,468 (85.0%)
• Investment Income: $406,877 (13.9%)
• Net Fundraising: $154,783 (5.3%)

The foundation's financial health is also reflected in its total assets, which were reported to be approximately $17 million, with minimal liabilities indicating a strong financial standing to support its initiatives.

Scholarship Programs

The foundation plays a critical role in providing scholarships to students pursuing their education at Collin College. In recent years, it has awarded over $1.37 million in scholarships to more than 1,000 students. This financial aid is designed to lower the barriers to education, ensuring that students from diverse backgrounds can access quality educational opportunities.

Community Engagement

The foundation engages in various fundraising events and community initiatives to further its mission, including partnerships with local businesses and organizations. By fostering relationships within the community, the foundation amplifies its impact and encourages philanthropic support for education.

Conclusion

The Collin County Community College District Foundation is a pivotal organization in promoting educational access and excellence within Collin County. Through its financial support and community engagement, it continues to make significant contributions toward enriching the lives of students and enhancing the educational landscape of the region.