Financial matters are managed and invested by the Dean of Administrative Services with the Foundation keeping subsidiary ledgers on all accounts. All business transactions regarding acceptance of contributions, investments, and cash donations are conducted in compliance with College policies and procedures. Many individuals and businesses give annual donations to support the College programs and students. Others from our area generously volunteer their time, talent, and resources to support North Florida by serving on the Board of Directors of the Foundation. Unrestricted funds and generous College support cover operating and fund-raising expenses, thereby ensuring supporters that their donations and all earned income from endowments are used exclusively for the intended purpose.
Community colleges have a long way to go for parity among other colleges and universities.
State funding is also less to community colleges than to the public schools or the university system. If we are to continue our vital mission of providing over half of America's college students with financial, academic and geographic access to higher education, we must provide a more secure and predictable financial base. One way to ensure continuance of vital programs and services for special populations such as the academically gifted, the physically disabled, educationally and economically disadvantaged and others not served by traditional institutions of higher learning is through an endowment. Endowments provide predictable sources of revenue to fund student scholarships. Unrestricted endowments also enable us to respond quickly to the changing needs of our community.