Total portfolio balance: $2.8 million as of June 30, 2009.

Investment policies and objectives are determined by the Fergus Area College Foundation board of directors and are reviewed annually.

The Fergus Area College Foundation operates on a $72,000 annual budget for wages, communications, travel, promotions, insurance, audit and other regular expenses.

Funding sources for operations include:

Up to a 1.5 percent management fee is assessed on all restricted donations.

Unrestricted gifts provide for the majority of the annual Foundation budget and also for scholarships, support to athletics, faculty and staff requests for support, and special events such as the scholarship reception, the Annual Bigwood Lecture and commencement.