The Bellweather College Foundation

Howard Klees, Executive Director · Room A-208 · ext. 2290 · foundation@bellweather.tech

The Bellweather College Foundation is an Ohio nonprofit corporation exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. The Foundation is a separate legal entity from the College. It is governed by its own board of directors, holds its own funds, and receives and administers private gifts for the benefit of the College and its students. The Foundation is registered with the Office of the Ohio Attorney General.

Governance

The Foundation is governed by a board of directors serving without compensation. Officers are elected annually. Directors are not employees of the College, though the President of the College serves ex officio without vote. The current roster of directors is available from the Foundation office.

What the Foundation funds

• Scholarships and awards. The Foundation administers the College’s endowed, named, and donor-directed scholarship funds and the field practicum fellowships. One application covers all Foundation awards; see Scholarships.
• Emergency assistance grants. The Foundation funds emergency assistance grants for enrolled students, administered through the Office of the Dean of Students; see assistance.
• Equipment and instructional support. The Foundation receives gifts of equipment and gifts designated for instructional purposes. Gifts of equipment are subject to the acceptance criteria of the receiving division.

Giving

Gifts are accepted by check, by pledge, and, by prior arrangement, in the form of securities, bequests, and equipment. Designations, acknowledgment practices, and mailing instructions are stated at Giving.

Alumni records

The Foundation administers alumni relations for the College, including the alumni record and the Drover Dispatch; see Alumni.

Financial reporting

The Foundation’s financial statements are audited annually by an independent public accounting firm, separately from the audit of the College, which is conducted under the authority of the Auditor of State. The Foundation’s annual report, including fund balances by name, and its most recent audited statements are available from the Foundation office on request. Several funds are restricted to purposes defined at the time of the originating gift and have not been drawn upon pending the fulfillment of those conditions.