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The Mission
The Mission of the Missouri Colleges Fund is to acquire resources to help educate students in member private liberal-arts colleges and universities.
Gifts Go Directly to Support Students
All unrestricted support the member colleges receive from the Colleges
Fund is used for need-based financial aid for qualified students unless
otherwise directed by the donor. Recipients of these scholarships are
selected by the member colleges, not by the Fund.
Membership
The member schools are independent baccalaureate degree-granting liberal
arts and comprehensive colleges and universities in the State of Missouri,
accredited by the Higher Learning Commission of the North Central Association of Colleges and Secondary
Schools, and their income is derived primarily from private sources.
Distribution of Funds
Undesignated funds are distributed equally to member colleges. The Fund
accepts contributions designated for one or more institutions and
distributes gifts in accordance with the donor's wishes.
Legal and Tax Status
The Colleges Fund was formed in 1952 as a non-profit corporation. The
Fund is a 501(c)(3) tax-exempt organization and classified as a public charity under Section 509(a)(2). All contributions to
the Fund are tax-deductible up to the limits prescribed by the law. Our
Federal ID Number is 43-0680952.
Solicitors
College presidents, business members of the Board and chief development
officers from the member colleges make solicitation calls on behalf of the
Missouri Colleges Fund without compensation from the Fund.
Diversity Statement
The Missouri Collegs Fund is committed to a policy of non-discrimination and equal opportunity in hiring and in administration of all its programs. The Missouri Colleges Fund does not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, disability or on any other basis that would be in violation of any applicable federal or state law.
Operating Budget
The Board of Directors approves a budget which is underwritten by equal
assessments paid by each member school. Gifts to the Fund are not used for
the administration of the Fund unless that is the purpose specified by the
donor.
Annual Audit
Our fiscal year is January 1 through December 31. The financial records
are audited annually by Evers and Company, CPA's, of Jefferson City.
National Affiliation
The Missouri Colleges Fund is affiliated with the Foundation for
Independent Higher Education which is a national partner in a network of
member state and regional associations that represent more than 650 private
colleges and universities. The Foundation secures financial resources for
its member funds and their students; develops collaborative programs within
its network and with other organizations; and together with its members, is
a primary voice of independent higher education to the corporate and
philanthropic communities.
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