Iowa College Foundation
 
 

Iowa College Foundation Profile



MISSION


The primary purpose of ICF is to provide students the opportunity for a high-quality education by securing financial resources for our member private colleges and universities.

LEGAL STATUS


The Iowa College Foundation (ICF) was chartered by the State of lowa as a non-profit corporation. As a 501(c)3 tax exempt organization, no payment of federal and state taxes is required. All contributions to ICF are tax-deductible up to the limits prescribed by law – Tax ID #420745995.

MEMBERSHIP


ICF’s 23 member colleges and universities are accredited by the North Central Association, have autonomous boards of control and derive their income primarily from private sources.

BOARD OF GOVERNORS


ICF’s Board of Governors is composed of the presidents from its 23 member institutions and has up to 35 corporate leaders across the state.


FUNDS DISTRIBUTION


Funds are distributed semi-annually in December and June.

OPERATING BUDGET


The budget for ICF is submitted annually to the Board of Governors and, upon approval, is underwritten through assessments by the member colleges. The books are audited annually by the accounting firm of Denman and Company.

SOLICITATION OF FUNDS


The presidents of member colleges, their development staffs, ICF board members and volunteers from business and industry present the united appeal of ICF each year.

NATIONAL AFFILIATION


The lowa College Foundation is one of 32 state and regional associations that are represented at the national level by the Council of Independent Colleges (CIC) in Washington, D.C. The 32 associations represent nearly 600 independent colleges and universities in the United States.

STAFF


Jack Jones, President
jack@iowacollegefoundation.org
Sandi Smith, Vice President for Administration and Scholarships
sandi@iowacollegefoundation.org

FOR MORE INFORMATION


Write or call:

Iowa College Foundation

505 - 5th Avenue, Suite 1034
Des Moines, IA 50309
PHONE (515) 282-0473
FAX (515) 282-9508


The Iowa College Foundation (ICF) was founded in September 1952, with able assistance from the business community in Iowa.