Linn-Benton Community College Foundation Inc

Organization Overview

Linn-Benton Community College Foundation Inc is located in Albany, OR. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linn-Benton Community College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Linn-Benton Community College Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDATION EXISTS FOR THE EXPRESS PURPOSE OF ADVANCINGPROMOTING THE INTERESTDEVELOPMENT OF LBCC AND THE STUDENTS FACULTY AND COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND GRANTS TO STUDENTS OF LINN-BENTON COMMUNITY COLLEGE.


DONATIONS OF MONIES AND MATERIALS TO SUPPORT LINN-BENTON COMMUNITY COLLEGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$949,519
Noncash contributions included in lines 1a–1f $148,375
Total Revenue from Contributions, Gifts, Grants & Similar$949,519
Total Program Service Revenue$0
Investment income $704,027
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,846
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $3,889
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,714,465

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Linn-Benton Community College Foundation Inc has recieved totaling $319,741.

Awarding OrganizationAmount
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR SUPPORT OF THE EQUITY AND OPEN EDUCATION FACULTY COHORT MODEL

$111,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$63,000
Samaritan Health Services Inc

Corvallis, OR

PURPOSE: FUNDING FOR CHILDCARE SUPPORT SERVICES

$37,500
Oregon Community Foundation

Portland, OR

PURPOSE: Higher Education

$32,087
Wayne C Stewart Foundation

Milwaukee, WI

PURPOSE: SCHOLARSHIPS

$17,467
Bob Richardson Memorial Trust

Milwaukee, WI

PURPOSE: SCHOLARSHIPS

$16,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,175,653
Earnings$1,198,982
Net Contributions$798,651
Other Expense$382,481
Grants$415,628
Ending Balance$12,375,177

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