Kankakee Community College Foundation

The Kankakee Community College Foundation is a US nonprofit organization designed to support the educational activities and students of Kankakee Community College. It was established in 1969 to enhance quality of life by fostering learning opportunities.

Mission

The foundation's mission is to secure funds for scholarships, academic programs, and capital improvements. This mission is fulfilled through the support of private donors and public agencies, contributing to the advancement of higher education at the college.

Activities

The foundation provides numerous opportunities for giving, which support the college's students, faculty, staff, and various programs. Key areas of focus include:

• Scholarships: The foundation distributes a significant amount of scholarships each year, making an immediate impact on students by helping with educational costs such as books, supplies, and more.
• Women’s Giving Circle: This initiative helps students in their second year who face barriers to completing their education, providing unique assistance to help them remain in class and achieve their degrees.
• KCC Employee Giving: Encourages employees to support students in achieving their academic goals.

Financial Overview

As of 2024, the foundation reported $1.64 million in revenue and $777,000 in expenses, with total assets amounting to $11.2 million and liabilities of $142,000. The foundation's operations are funded through a combination of event revenues, gifts, corporate/foundation support, gift fees, and college support.

Operations

The foundation operates with a focus on accountability, providing donors with transparent financial statements and ensuring that gifts are used for their intended purposes. An administrative gift fee of 5% is applied to temporarily restricted gifts to help cover operational costs, such as fundraising and gift management expenses. However, this fee can be waived under certain conditions.

Governance and Donor Rights

The foundation emphasizes donor rights, ensuring that donors are informed about the organization's mission, financial statements, and governance. They also ensure appropriate acknowledgement and recognition of donations.