Established in 1968 as Friends of Holyoke Community College, Inc., Holyoke Community College Foundation is a nonprofit charitable corporation organized under Chapter 180 of the Massachusetts General Laws. It is currently overseen by a 27-member board of directors.
According to its articles of organization,
The purposes for which the [foundation] is formed are as follows: To conduct drives or campaigns for raising funds to assist the construction of new educational building or buildings for the Holyoke Community College; and To remodel existing educational building or buildings for the Holyoke Community College; and To help establish and maintain a library, reading rooms, music rooms, and athletic exercises at the Holyoke Community College or scholarship for its students, and the establishment of special faculties or professorships, and To perform any and all services which will assist, promote, and improve the standard of education of the Holyoke Community College.
The foundation incurred approximately $8 million of expenditures during our audit period.
|Date published:||September 18, 2020|