The mission of the Montana Tech Foundation is to advance the teaching, research, and public service endeavors of Montana Tech by generating private contributions to supplement the institution's state and federal revenues for capital, operating, and student assistance funds. Established in 1967 under State of Montana law, the Foundation is the catalyst and conduit through which gifts and endowment income flow to provide immediate and long-term support for Montana Tech and all of its programs. Overseen by a board of directors and staffed by a team of development professionals who are Foundation employees, the Foundation administers all gifts in a business-like manner in accordance with the donor's wishes.
Montana, Montana Tech, Butte, Engineering, Education, Higher Education
1300 West Park St
Butte, MT 59701 USA
Fund Raising and/or Fund Distribution (B12)
Higher Education Institutions (B40)
Graduate, Professional(Separate Entities) (B50)
IRS Filing Requirement
This organization is required to file an IRS Form 990 or 990-EZ.
How does this organization make a difference?
Self-reported by organization
Our donors help us provide more than $1.4 million dollars in privately funded scholarships to our students. 980,000 for the Departments to use these funds for conferences, student academic team competitions, student recruitment, and equipment and supplies. Over $1m to purchase new equipment or for capital projects.
Self-reported by organization
What are the organization's current programs, how do they measure success, and who do the programs serve?
The Foundation has developed a comprehensive and integrated fundraising strategy that serves as the organized element for both volunteer and staff initiatives. This strategy focuses on three primary areas: major and planned giving, corporate and foundation relations, and annual giving. Major and planned giving is where a highly personalized effort is directed toward a relatively small number of potential donors who have the capacity to yield a high investment. The purpose of the second area, corporate and foundation relations, is to implement and coordinate the college?s programs and strengthen relationship between Montana Tech and corporate and foundation philanthropic communities. The third area is a broad based Annual Giving Program through which an ever increasing number of donors are encouraged to provide current support for the College and its programs. It also fosters involvement by alumni and friends resulting in a greater understanding of and commitment to Montana Tech.
Montana Tech job placement rates are consistently high at 98%, with starting salaries for FY07 graduates ranging up to $110,000.
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The people, governance practices, and partners that make the organization tick.
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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?
Has the board conducted a formal, written assessment of the chief executive within the past year?
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Has the board conducted a formal, written self-assessment of its performance within the past three years?