Frequently Asked Questions - Foundation
Scholarships can be established through the CCC Foundation in several ways:
- You can make an annual gift in the amount of the scholarship to be awarded
- A memorial fund can be established to which donors can contribute. The fund can be expended as directed or can be replenished through annual gifts.
- You can establish an endowed and named scholarship with a gift of $25,000 or more. Endowed funds are expended pursuant to the Foundation's adopted distribution policy that limits annual expenditures to no more than 5% of the fund value. The Foundation board determines the actual rate of distribution annually based on current market conditions.
In each case, you will be asked to complete a Scholarship Setup Form that outlines the criteria for determining the recipient. Criteria may include, for example: major, number of credits, merit, financial need or allowed use of funds.
To initiate a scholarship, please contact Patricia Warren, 503-338-2306.
If you have questions or need any additional information about the CCC Foundation, please contact Patricia Warren, 503-338-2306.
There are many ways you can help support higher education through the CCC Foundation. We look forward to learning about your interests and can work with you to achieve your charitable goals.
The CCC Foundation raises funds from various sources. The majority of the Foundation's assets are invested and earn interest revenue. The Foundation accepts current gifts, honoraria and memorials of cash, property, and stock. The Foundation is also the recipient of planned gifts, for example, bequests and insurance policy benefits.
The Foundation will re-institute its annual signature event next year - The Arts and Experience Dinner & Auction, April 21, 2012 at the Astoria Golf & Country Club.
The CCC Foundation is a separate 501(c)(3) non-profit organization governed by a volunteer board of directors. The Foundation was created in 1960 with the purpose of creating resources to support higher education through Clatsop Community College. Today, the Foundation manages approximately $2-million in assets and annually distributes funds for scholarships and program support.
