Fall 2007 - Northwestern College

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Annual Report Northwestern College I 2006-07 A s I prepare to retire from the presidency of Northwestern and look back on this last year— and, indeed, the last seven—the words of the apostle Paul to the church in Corinth come to mind: “I always thank God for you because of his grace given you in Christ Jesus. For in him you have been enriched in every way …” (I Corinthians 1:4–5). From our first days back on campus, Di and I have felt honored to lead such a gifted and blessed group of men and women—and that includes all of you alumni and friends. Thank you for your faithful support of Northwestern and for all you do each day to build God’s kingdom. Our second tenure at Northwestern has indeed been wonderful. Fund raising 2006-07 July 1, 2006, to June 30, 2007 ❋ Total giving was $4,111,313. ❋ The average alumni gift to the Northwestern Fund was $215, up 30% from 2005–06. (Nationally, the average alumni gift to private liberal arts colleges was $466.) ❋ The % of Northwestern alumni giving to Northwestern was 26%. (The national average for alumni giving to private liberal arts colleges in 2006–07 was 25%.) ❋ The Tower Society included 177 members, eight of whom were new; 60 members gave at the leadership level of $2,500 or more. ❋ The Heritage Society grew by 14 members to 598. Your gift dollars Did you know that without your annual gifts to the Northwestern Fund, tuition at Northwestern College would have to be $1,737 higher each year for every student? For the year ending June 30, 2007, annual Northwestern Fund gift income represented 11 percent of the total dollars expended for educational and general purposes. How does Northwestern spend each $100 given? Northwestern Fund (operating) 2005-06 2006-07 Alumni $438,547 $526,345 Friends $462,345 $395,545 Foundations/grants $107,839 $620,280 Corporations $138,997 $149,268 Churches $418,813 $375,303 Other $34,760 $34,467 Subtotal $1,601,301 $2,101,208 General institutional expenses ($12) Physical plant ($8) Instructional & academic support ($33) Capital and endowed gifts (non-operating) 2005-06 2006-07 Alumni $241,660 $493,564 Friends $2,589,039 $543,232 Foundations/grants $33,500 $220,720 Corporations $31,231 $125,197 Churches $1,000 $1,000 Estates $1,619,593 $530,892 Other $41,200 $95,500 Subtotal $4,557,223 $2,010,105 Grand total $6,158,524 $4,111,313 Student services & admissions ($14) Financial aid ($33) 26 ▲ Fall 2007
Annualreport Alumni giving Best giving percentage Class of 1946 . . . . . 67% Class of 1951 . . . . . 63% Class of 1947 . . . . . 61% Class of 1954 . . . . . 57% Class of 1963 . . . . . 56% Best giving overall Class of 1953 . . . . . $394,439 Class of 1944 . . . . . $128,626 Class of 1982 . . . . . . . $86,215 Class of 1972 . . . . . . . $75,423 Class of 1975 . . . . . . . $75,000 Best giving to the Northwestern Fund Class of 1953 . . . . . . . $27,305 Class of 1965 . . . . . . . $26,175 Class of 1955 . . . . . . . $22,495 Class of 1997 . . . . . . . $22,379 Class of 1988 . . . . . . . $16,345 Planned giving 2006-07 Bequests received: $600,026 Irrevocable planned gifts consummated: $40,000 Gifts for endowed scholarships: $811,894 New scholarships 2006-07 Elizabeth Bolluyt-Madigan Scholarship Boyd Maurice Reformed Church Scholarship Boyd MOC-Floyd Valley Graduate Scholarship Computer Science Scholarship Josiah & Kristen Dunlap Scholarship Chaplain Matthew & Marcia Floding Scholarship Maintenance Department Scholarship Northwest Iowa Sibling Scholarship Henry & Alberta Vermeer Christian Service Scholarship Endowment fund 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26,000,000 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $29,200,000 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $33,700,000 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $33,400,000 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31,400,000 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31,800,000 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $34,400,000 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $35,700,000 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $37,900,000 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $41,400,000 Memorial gifts 2006-07 Memorial gifts were given to honor the memory of these individuals: Taylor Grace Brunick Franklin “Bob” De Haan Marvin Duenk Genevieve Duven Albert Jolink Alberta Langstraat (4 gifts) Melvin Molman Robert Prien Irene Slater Helen Utke Dr. Carl Van de Waa (4 gifts) Dr. Lyle Vander Werff (70 gifts) Wilbur Ver Steeg (21 gifts) Read and review the full 2006-07 Annual Report at www.nwciowa.edu/annualreport. Use the password “give2nwc” to access the report. If you prefer a printed version, please request one from the college’s advancement office, 712-707-7106. 27 ▲ Fall 2007
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Fall 2007 - Northwestern College

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