Educational Institutions

New College Foundation Incorporated

  • Sarasota, FL
  • www.ncf.edu/foundation

Mission Statement

Our mission is to support the priorities of New College of Florida, Florida's designated Honors College. This will be accomplished by securing funds as a result of cultivating and stewarding individuals, foundations and corporations and through the prudent management of assets. New College offers a liberal arts education of the highest quality in the context of a small, residential public honors college with a distinctive academic program which develops the student's intellectual and personal potential as fully as possible; encourages the discovery of new knowledge and values while providing opportunities to acquire established knowledge and values; and fosters the individual's effective relationship with society.

Main Programs

  1. New College Promise Campaign
  2. New College Alumnae/i Association
  3. Daughters For Life
Service Areas

Self-reported

International

We are a national college, attracting students from around the country and internationally. 79% of our students come from the state of Florida. Of that figure, 35% come from Southwest Florida, including 6% from Sarasota County.

ruling year

1966

Principal Officer since 2015

Self-reported

MaryAnne Young

Keywords

Self-reported

higher education, scholarships, New College of Florida, liberal arts, New College, Pique Nique, Clambake, NCF, New College Foundation, university, college, students, New Music, New Topics, library, Cook Library, humanities, science, lecture, O'Shea,

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EIN

59-0911744

 Number

7297564545

Also Known As

New College Foundation, Inc.

Contact

Cause Area (NTEE Code)

Higher Education Institutions (B40)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

A six-year initiative, the New College Promise campaign launched on July 1, 2010. In its first fiscal year, the campaign raised $11.9 million -- $5.6 million in planned gifts, $3.9 million in cash donations, $1.5 million in dollars matched by the State of Florida, and $800,000 in pledges. The Campaign will substantially increase funding for scholarships, faculty chairs, student and faculty research and travel, an International Studies building, a Library endowment and the Bob Johnson Endowment for Academic Excellence, the College's core endowment.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

New College Promise Campaign

1. New College Promise Campaign: a $60 million, 7-year campaign raising operating, capital & endowment funds for New College. Goals: $15 million for scholarships$15 million for the Bob Johnson Endowment for Academic Excellence$10 million to endow five new faculty chairs in religion and ethics, international studies, environmental studies, economics and the natural sciences, among other fields.$5 million to name & endow the 33,000-square foot Academic Center$5 million for the Jane Bancroft Cook Library endowment$2.5 million to complete funding for the planned International Studies building$2.5 million for faculty research & development$1.5 million for student research & travel$1 million for campus beautification$250,000 for improving athletic facilities & equipment$250,000 to name & endow the Black Box Theater$250,000 to name & endow the Public Archaeology Lab$175,000 for the New Music concert series$150,000 for operating the Public Archaeology Lab$150,000 for environmental studies research$100,000 for the New Topics lecture series

Category

Education, General/Other

Population(s) Served

Adults

Other Named Groups

General Public/Unspecified

Budget

$700,000.00

Program 2

New College Alumnae/i Association

2. The New College Alumnae/i Association was founded in 1985 as a nonprofit association adjunct to the New College Foundation, Inc. The purpose of the Association is to "promote communication among Alumnae/i and between Alumnae/i and New College to sponsor activities and events for Alumnae/i to advise the President of New College of Florida and the President of the New College Foundation, Inc. of Alumnae/i concerns and to provide financial and other assistance to New College in carrying out its educational mission."

Category

Education, General/Other

Population(s) Served

Adults

Other Named Groups

General Public/Unspecified

Budget

$190,000.00

Program 3

Daughters For Life

Daughters For Life is an initiative of New College of Florida, Daughters for Life Foundation and the local Sarasota/Manatee community. Young women from across the Middle East will come to New College for a transformational education that will help them become the future leaders their homelands desperately need. The Daughters for Life Foundation was created by Dr. Izzeldin Abuelaish in memory of his three daughters who were killed when an Israeli tank mistakenly fired a shell into their home. The philanthropy educates women from Middle Eastern nations in the belief they can improve their communities and bring peace to the region. Through Daughters For Life, women from Middle Eastern countries will attend New College on scholarships that will cover the full cost of tuition, room, board and other academic and living expenses. *Budget is based on yearly cost

Category

Education, General/Other

Population(s) Served

Females, all ages or age unspecified

Other Named Groups

Other Named Groups

Budget

$300,000.00

Service Areas

Self-reported

International

We are a national college, attracting students from around the country and internationally. 79% of our students come from the state of Florida. Of that figure, 35% come from Southwest Florida, including 6% from Sarasota County.

Funding Needs

The New College Promise Campaign is a comprehensive, multi-year undertaking to raise critical funds for the future of New College and its students. The Promise will ensure the College's student-faculty ratio remains outstandingly low, while allowing the College to grow and keep pace with the rapidly changing world for which students are preparing. There are six priority areas for the New College Promise Campaign. The Promise will… Substantially increase student scholarships, especially for minority and under- represented kinds of students - Goal: $20 millionTriple the College's privately funded endowment via outright and planned gifts - Goal: $10 millionDouble the number of endowed faculty positions - Goal: $10 millionSubstantially increase funds available for faculty and student research and travel - Goal: $4 millionComplete funding for campus building projects, including the planned International Studies Building - Goal: $8.5 millionLaunch an endowment and expand research and reference collections of the Jane Bancroft Cook Library - Goal: $5 million

Accreditations

photos


External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

NEW COLLEGE FOUNDATION INC
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

New College Foundation Incorporated

Leadership

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Principal Officer

MaryAnne Young

STATEMENT FROM THE Principal Officer

"New College is one of the country's most distinctive, successful and affordable colleges. We rank as one of the top five public liberal arts colleges, right behind West Point and the Naval Academy. But at New College, in lieu of grades, students receive written narrative evaluations of their progress in each class and must negotiate each semester academic contracts that outline their educational goals for the coming months. Before they graduate, students must also design and complete three independent study projects and a near-master's level research thesis. The emphasis on students taking responsibility for the direction of their education, independent research and study, and superior communication skills are why many people characterize New College as "graduate school for undergraduates.""

Governance

BOARD CHAIR

Patrick J. Hennigan

Retired - Morgan Stanley

Term: Dec 2014 - Dec 2015

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?