OperationsMC Foundation

Mission

The mission of the Midland College Foundation, created in 1973, is to:

1. Advance education through financial support of Midland College, including all of its departments, by the improvement of its research, teaching, scholarship and facilities.
2. Receive, hold, manage and control property, whether real, personal or mixed, acquired by the Corporation by donation, gift, grant, devise, bequest, purchase or other means.
3. Transfer or use all or any part of the corpus or income for the benefit of Midland College in accordance with the general or specific purposes stipulated by the donors, grantors, or testators, or, in the absence of such stipulations, for such uses as may be determined by the Board of Directors.
4. Promptly distribute all net income in excess of operating requirements to promote the educational advancement of Midland College.

Disclosures

The following documents are available in the Midland College Foundation Office, located in Room 141 of the Allison Fine Arts Building on the Midland College main campus, 3600 N. Garfield, Midland, Texas, 79705.

• • • Bylaws of Midland College Foundation, Inc.
    • Articles of Incorporation
    • Internal Revenue Service, Determination Letter
    • Report of Certified Public Accountants and Financial Statements
    • Form 990 (Return of Organization Exempt from Income Tax)
    • Avoidance of Conflict of Interest/Commitment Policy
    • Document Retention and Destruction Policy
    • Executive Compensation Policy
    • Expense Reimbursement Policy
    • Gift Acceptance Policy
    • Joint Venture Policy
    • Whistleblower Policy
    • Cash Disbursements Policy
    • Financial Policies & Investment Guidelines
    • Donor Bill of Rights