BBB Wise Giving Report for
American Indian College Fund

BBB Wise Giving Report issued September 2008
BBB Wise Giving Report expires September 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: American Indian College Fund
Address: 8333 Greenwood Boulevard
  Denver, CO 80221
Phone: 303-426-8900
Web Address: www.collegefund.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1987, District of Columbia
Affiliates: None

Stated Purpose: "to transform Indian higher education by funding and creating awareness of the unique, community-based accredited Tribal Colleges and Universities, offering students access to knowledge, skills, and cultural values which enhance their communities and the country as a whole."

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Evaluation Conclusions

              

American Indian College Fund (The Fund) meets the 20Standards for Charity Accountability.
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Programs

              

The American Indian College Fund (the Fund) awards approximately 5,000 scholarships annually to American Indian students attending tribal colleges and mainstream institutions. The Fund also reports providing financial support to over 30 accredited member tribal colleges and universities of the American Indian Higher Education Consortium for cultural preservation and other program support and capital improvement projects, including expanding laboratory, classroom, and residence facilities. The Fund also produces and administers public service announcement campaigns to debunk stereotypes about American Indians while promoting awareness about the roles tribal colleges are playing in developing the talents of Native students and the economies of Native communities. Furthermore, the Fund also produces research and other publications promoting Indian issues and the importance of tribal colleges. Some ($162,455 or 2%) of the Fund’s program activities are carried out in conjunction with fund raising appeals.

For the fiscal year ended June 30, 2007, The Fund's program expenses were:

  
Scholarships and grants 5,474,580
Public education 2,173,076
Total Program Expenses: $7,647,656
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Governance

              

Chief Executive : Richard B. Williams, President
Compensation*:
$180,356

Chair of the Board: Dr. Cynthia Lindquist Mala
Chair's Profession / Business Affiliation: President, Cankdeska Cikana Community College

Board Size: 21

Paid Staff Size: 26

*July 1, 2006 - June 30, 2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and planned giving
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $29,405,825, are donations received as a result of fund raising activities.)
The Fund incurred joint costs of $396,240 for informational materials and activities that included fund raising materials. Of those costs, $233,786 was allocated to fund raising expenses and $162,455 was allocated to program expenses.
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on The Fund's audited financial statements for the fiscal year ended June 30, 2007.

Source of Funds  
Donations 27,184,169
Net realized and unrealized gain 2,344,485
Interest and dividends 1,761,109
Donated advertising 1,543,633
Net special events 385,917
Net product sales 278,658
Net rental income 36,111
Change in value of split-interest agreement 29,022
Other 18,848
In-kind donations 13,448
Total Income $33,595,400


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 14%  Administrative: 7% 

Total income   $33,595,400
  Program expenses $7,647,656
  Fund raising expenses 1,321,247
  Administrative expenses 709,481
 
Total expenses   $9,678,384
Income in Excess of Expenses   23,917,016
Beginning net assets   29,533,225
Ending net assets   53,450,241
Total liabilities   880,337
Total assets   $54,330,578

Note: According to The Fund's audited financial statements for the year ended June 30, 2007, the organization received $1,557,081 in in-kind donations including the following: donated advertising ($1,543,633), equipment($11,161), and art ($2,287).

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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