Frequently Asked Questions
Q: Where can I find information on scholarships offered through the Lane Community College Foundation?
Q: Does the Foundation charge an assessment or administrative fee on gifts?
A: Yes and No
- Unrestricted gifts made to the College for the area of greatest need are not assessed an administrative fee.
- Administrative fee for gifts to current spendable funds: One-time 5% fee
- Administrative fee for gifts to endowment and/or capital projects: One-time 5% fee
- Annual management fee for endowed funds: 2% of the market value of the endowment
Q: Why does the LCC Foundation have an administrative fee?
A: The administrative fee allows the LCC Foundation to reduce its reliance on direct funding for its operations from Lane Community College, thus freeing College funds for education. Administrative fee revenue is directly related to the LCC Foundation's cost of doing business. Effective fund-raising requires deployment of financial resources to cover direct costs of soliciting, processing, and accounting for donated funds. The fee also covers the administration of the scholarship application, selection and disbursement process. As gifts to benefit Lane Community College increase, the costs of gift receipting, accounting, investment and disbursement increase.
Q: How are operations of the LCC Foundation funded?
A: Foundation operations are funded through a combination of revenue from earnings on short-term funds, endowment management fees, real estate/property management income, unrestricted gifts, administrative fees, and direct support from the College.
Q: Do other organizations charge administrative fees?
A: An "administrative fee" or "gift fee" of 5% is in line with administrative fees at other university foundations throughout the country, including the University of Oregon and Oregon State University. In the non-profit sector, best practice standards hold that operating costs in the range of 15-20% are considered to be excellent, assuring that approximately $.80 of every dollar contributed goes to providing direct services. For example, the United Way of Lane County currently charges an administrative fee of 15%. By comparison, $.95 of each dollar you give to the LCC Foundation gets put to work by the College for the specific purpose you choose to support.
Q: What is the importance of Lane Community College in our community?
A: Lane provides educational opportunities and training that help individuals enhance the quality of their lives. Lane has a positive impact on the business environment of Lane County. It is the only educational institution in the community that offers professional technical programs in areas such as nursing, diesel technology, welding, dental hygiene or graphic design, as well as providing college transfer classes for students seeking a four-year degree.
Lane is dynamic and forward-looking, focusing on the needs of individuals as they grow, learn, and adapt throughout their lifetimes to the changing demands of occupational competence, responsible citizenship, and personal development. Lane transforms lives through learning.
Q: What is Lane's educational role in our community?
A: Lane Community College is a comprehensive community college whose mission is to provide accessible, high quality, affordable, lifelong education. Created in 1964, Lane offers vocational programs and majors for students wishing to transfer to a four-year school. Lane Community College is a primary souce for a broad range of high quality educational and training services:
- Professional technical and lower division college transfer programs
- Employee skill updating, business development and career enhancement
- Foundational academic, language and life skills development
- Lifelong personal development and enrichment
- Cultural and community services
Lane is a bridge on a life-long educational journey - a bridge between education and the community between people's aspiratons and their success, between Lane County and the world.
Q: What is NetCommunity?
A: Blackbaud NetCommunity Spark™ is an online giving and e-marketing solution that provides
a powerful and cost-effective way for Lane Community College Foundation to complement and/or expand our existing online strategies and allows registrants to connect to the their constituent record in our Donor Database. Registrants will be able to update their personal information, address information, phone numbers and email addresses, business information, spouse/partner information, education information, donate online and view their giving history and pledge balances.
Q: Who should complete the NetCommunity New User Registration Form?
A: Anyone who would like to be connected to Lane Community College: donors, alumni, trustees, students, staff, the community.