The Independent College Fund of North Carolina (ICFNC), the crucial fundraising arm of North Carolina Independent Colleges & Universities (NCICU), has achieved a groundbreaking fundraising milestone by raising nearly $3.5 million during its annual campaign, which ended April 30, 2024. This impressive amount represents an outstanding 81% increase from the previous year and is the second-highest fundraising total in ICFNC’s seventy-year history.
“The incredible support we have received this year demonstrates the collective dedication to supporting students, faculty and staff, and enhancing educational opportunities in North Carolina,” said NCICU President Dr. Hope Williams. “We immensely thank all our donors and partners for their generosity.”
Of the Campaign Total of $3,456,358.39, $1,783,814.00 will support NCICU programs, $1,192,949.95 came through in-kind gifts and services, and $479,594.44 is designated for scholarships.
“We are thrilled to have surpassed our fundraising goals for 2024, which are a testament to the dedication and generosity of our supporters and a lifeline that transforms students’ lives through higher education in North Carolina,” said Colleen Kinser, Director of ICFNC. “This remarkable achievement is a testament to the tireless support and belief in the mission of ICFNC and NCICU.”
One of the standout scholarships is the S.T.A.R. (Student Teacher Assistance for Retention) Scholarship, which aims to provide financial support to college seniors pursuing an educator preparation program. This scholarship received overwhelming support, with over $313,000 raised. Thanks to this commitment, numerous college seniors can now focus on their studies, classroom experience as student teachers and future careers. Notably, the Dogwood Health Trust contributed $224,000 towards scholarships, living expenses, testing stipends, and educational materials for colleges and universities in the western part of the state. The Council of Independent Colleges also made a significant contribution of $25,000, matched by generous donors including The Broyhill Family Foundation and Clancy & Theys Construction Company.
NCICU’s partnership with critical foundations led to a substantial fundraising amount of over $1.3 million this year. The contributions from The Arthur Vining Davis Foundation, The ECMC Foundation, The Bill & Malinda Gates Foundation, The John M. Belk Endowment, The Lumina Foundation, and The Teagle Foundation have enabled a pilot project involving NCICU institutions and North Carolina Community College System institutions. This project will support the design of a transfer portal for students seeking to transfer to a four-year independent college or university and it will also provide the software to enable a Reverse Transfer process between two and four-year institutions.
In addition to scholarships and programs, ICFNC received a valuable $1.2 million in-kind donation from SAS Software. This grant supports NCICU and individual campuses by offering software and training. Currently, 32 NCICU institutions are part of this program, further reinforcing the commitment to advancing education through technology.
The success of the 2024 fundraising efforts highlights the collaborative efforts and commitment of ICFNC, NCICU, donors, and partners toward creating a brighter future for higher education in North Carolina.
For more information about NCICU’s scholarships and programs, visit www.ncicu.org.
To support the Independent College Fund of North Carolina, visit www.ncicu.org/give.