Policy

Great Basin College Foundation has been duly established as a non-profit corporation within all of the provisions of the United States Internal Revenue Code Section 501(c)(3). Members of the NSHE Board of Regents are corporate members of the Foundation and have the responsibility of assuring the people of the State of Nevada that GBC Foundation acts within the authority of its Articles of Incorporation and Bylaws and in accordance with the policies of the NSHE Board of Regents, the laws of the State of Nevada, and the Internal Revenue Code.

The Foundation’s mission is to provide private sources of funding for the scholarships, programs, and facilities of Great Basin College (the “College”). This is achieved primarily through cultivation and management of fiscal resources and promotion of the College’s image throughout the region. GBC Foundation has a Governing Board of Trustees consisting of a maximum of 35 trustees who provide oversight for the activities of the Foundation.

All contributions made for the benefit of Great Basin College, both cash and in-kind, must be coordinated in advance of the contribution. Any contributions received without advance coordination with the Foundation are subject to being returned to the donor if the Foundation determines that such gifts are not in keeping with the goals, objectives, policies, laws and priorities of the Great Basin College, Nevada System of Higher Education, and applicable entities, including the Interanal Revenue Code and Nevada Revised Statutes.

Procedure

GBCF Form 990, 2012

GBCF Financial Statements, 2012

IRS Form 1023 Application (1982)

GBCF Ariticles of_Incorporation

GBCF By-laws

State of NV Tax Exempt Letter

IRS Change in Execmpt Code Section (2005)

Current IRS Tax Exempt Status