The Nebraska Independent College Foundation
is a tax-exempt, non-profit umbrella 501(c)(3) organization which raised
funds for 10 Nebraska independent colleges.
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The NICF provides a channel through which
corporations, businesses, financial institutions, private foundations,
and individuals can invest in the member colleges and provide needed operating
funds and scholarship grants.
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The Foundation is endowed by a grant from
the Peter Kiewit Endowment Fund for administrative expenses. All contributions
go directly to member colleges.
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A. The NICF was established July 15, 1953
with seven independent private institutions of higher education as charter
members. Today 10 independent colleges comprise NICF. Over the years
the Foundation has received more than $30 million on behalf of member
colleges.
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Yes, you can restrict contribution to
any one, or more, of our 10 member colleges. You can also specify your
gift be restricted to scholarships or other special programs.
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NICF offices are located at the following
address:
4940 South 114th Street, Suite 5
Omaha, Nebraska 68137
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Gifts to the Foundation are distributed
by an equitable formula of 60 percent equally among member colleges and
40 percent in proportion to the full-time equivalent enrollments. Designated
gifts are forwarded directly as specified.
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Ten independent private liberal arts colleges
of Nebraska comprise the NICF membership. Member colleges are:
 Bellevue University - Bellevue, Nebraska
College of Saint Mary - Omaha, Nebraska
Concordia University - Seward, Nebraska
Dana College - Blair, Nebraska
Doane College - Crete, Nebraska
Grace University - Omaha, Nebraska
Hastings College - Hastings, Nebraska
Midland Lutheran College - Fremont, Nebraska
Nebraska
Wesleyan University - Lincoln, Nebraska
Union College - Lincoln, Nebraska
York College - York, Nebraska
All of these colleges and universities are accredited
by the North Central Association of Colleges and Secondary Schools.
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NICF provides an efficient and effective
mechanism for contributing to member colleges. NICF assists the colleges
by reducing their operating and fund raising expenditures. This results
in lower tuition costs for students. Only with the help of NICF can Nebraska's
independent colleges continue to attract and educate the state's brightest
talent.
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An investment in NICF is an investment
in Nebraska's future. Students who attend NICF member colleges tend to
stay in the state after graduation and contribute to Nebraska communities.
The NICF serves as the common bond for member colleges educating those
students. By lowering tuition costs and providing scholarships, the NICF
helps preserve educational excellence at small independent colleges.
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The NICF welcomes cash gifts, the most
common form of contribution. The Foundation also welcomes gifts of securities,
appreciated assets, commodities, and life insurance. Deferred gifts through
wills or trusts may be arranged. The legal name of the organization is
the Nebraska Independent College Foundation, Inc., a Nebraska corporation.
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The NICF is administered by a president
under the direct supervision of the Executive Committee of the Board of
Trustees. The Board is comprised of the 10 presidents from member colleges,
a corporate representative from each of the 10 colleges, and at-large
members from the Nebraska business community.
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