Northwest Foundation Announces Fiscal Year End Figures

The fundraising arm of Northwest Missouri State reported some of their numbers for the past fiscal year which ended on June 30th.

The Northwest Foundation Incorporated reported securing $6.6 million dollars in total giving for the year. That is a 12 percent increase over the previous year. The figure is the 4th highest in the last 20 years and the 5th highest in the 51 year history of the foundation.

Scholarship support totaled nearly $1.5 million and funded nearly 1,500 scholarships to Northwest students in the past fiscal year. The average scholarship amount from donor-funded scholarships was just a little over $1,000 for the past fiscal year. The Foundation efforts allowed the creation of 11 endowed scholarships with gifts that totaled a minimum of $25,000.

Additionally, the Foundation provided about $5.5 million to the University as direct and indirect support of various needs in the fiscal year. One of the projects supported was the $1.3 million remodel of the third floor of Martindale Hall. The renovation project to uplift Northwest’s School of Health Science and Wellness was the first phase in a longer-term goal of enhancing the entire facility.

Donors also contributed significantly to a nearly $2-million renovation of the McKemy Center for Lifelong Learning, which will help Northwest expand its agricultural science program offerings and enhance the workforce for manufacturing and agribusiness industry clusters.

The 1905 Society, which recognizes supporters who make an annual unrestricted gift of $1,000 or more, increased to 177 members. Meanwhile, the Foundation’s annual giving program raised about $487,000.

Eighty-one percent of the total funds raised by the Foundation during FY23 were cash gifts, while a total of 4,563 donors contributed to Northwest initiatives. In all, the Foundation’s total assets under management amount to about $45.5 million, while its endowment stands at about $34.3 million.