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    Tuesday, September 25, 2018-4:48:42P.M.

     

     

     

     

     

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NMC Foundation: New level of fund development needed to help boost revenue for the college

(NMC) — Northern Marianas College Foundation interim President Dr. Alan Markoff yesterday said the move to hire Strategies for Philanthropy was driven by the important and timely need to elevate the fund raising efforts for NMC to the next level.

NMC staff and students get into the Halloween spirit by donning different costumes. NMC photoNMC staff and students get into the Halloween spirit by donning different costumes. NMC photo“Throughout these past years, the NMC Foundation has been raising funds for the college, primarily through the golf tournament. We are extremely thankful to the individuals and businesses who have contributed their financial resources to support student learning at the college,” said Markoff. “We are also extremely grateful to past foundation members who have been generous with their time and energy in raising funds for the college.”

“However, because of limited financial support from government sources, it has become increasingly necessary to expand our financial support by raising money from other sources,” Markoff said.

A presentation by the Ccllege’s Office of Institutional Effectiveness earlier noted that local appropriation for NMC per student has been declining, particularly from 2008 to 2010. In fact, compared to peer institutions, appropriation per full time equivalent student was less when compared to the average of peer institutions.

Markoff indicated that in the past years, the college has been exclusively focusing on special event fundraising; its signature event is the golf tournament. Other events included concerts and shows.

However, Markoff added, unlike other college foundations across the nation, the foundation had yet to implement other strategies to help raise funds to support and advance student learning at the college.

“We wanted to look at any and all other strategies, including involving the alumni, local foundations, as well as off-island foundations to increase major gifts,” said Markoff.

The NMC Foundation hired Strategies for Philanthropy because its CEO, Steve West, brings a background of 35 years in fund development in the U.S. This background includes running annual support programs to special events to multi-million dollar capital campaigns.

In addition, he has assisted foundations with reorganization similar to what the NMC Foundation is attempting, as well as being widely known for his strategic planning and board development expertise.

Additionally, West has served as a board member and chair of the Association for Healthcare Philanthropy. AHP’s 5,000 members represent more than 2,200 health care facilities in the United States and Canada. They embody all aspects of health care fundraising, from executive directors and chief development officers, to major gift officers, annual campaign managers, event coordinators and grant writers. West has also served as an executive director of numerous foundations — all charged with major gift fund raising.

“We believe that Mr. West’s background, experience, and proven success in fund development will help us identify ways to build on what has been achieved in the past so it can play a more significant role in the financial stability of the college, a chief accreditation concern,” said Markoff.