THE PURPOSE OF THE FOUNDATION IS TO ACCUMULATE, INVEST, REINVEST, AND EXPEND FUNDS, BY WAY OF ENDOWMENT OR OTHERWISE; TO USE EITHER THE PRINCIPAL OR INCOME THEREOF FOR SCHOLARSHIPS OR FOR SPECIAL PROGRAMS OR PROJECTS; AND TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF ALLEGANY COLLEGE OF MARYLAND.
| Year | Grants | Total Giving | Avg Grant | New | Repeat |
|---|---|---|---|---|---|
| 2024 | 1 | $97K | $97K | 0 | 1 |
| 2023 | 1 | $156K | $156K | 0 | 1 |
| 2022 | 1 | $125K | $125K | 0 | 1 |
| 2020 | 1 | $67K | $67K | 0 | 1 |
| 2018 | 1 | $41K | $41K | 1 | 0 |
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025 | $5,739,548 ↑ | $3,346,171 | $28,789,392 |
| 2023 990 - Public charity return Jul 1, 2023 to Jun 30, 2024 | $4,756,028 ↑ | $3,470,479 | $26,706,894 |
| 2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023 | $3,830,306 ↓ | $3,536,439 | $24,649,910 |
| 2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021 | $4,092,347 ↑ | $2,742,447 | $22,724,590 |
| 2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019 | $3,694,663 | $2,810,648 | $17,662,288 |
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