The mission of the Catawba Foundation is to support and enhance Catawba College by encouraging alumni and friends to provide private funds, real property, and other resources for the College’s benefit; to facilitate such gifts; to hold and manage those assets; and to provide volunteer support of the College’s objectives.
View a list of the current board members for the Catawba Foundation.
About the Foundation
Catawba has a new ally in developing resources to support the College and its students. The newly established “Catawba Foundation, Inc.” was created to operate exclusively for the benefit and purposes of Catawba College. The Foundation is a charitable organization under the definitions of section 55A-1-40(4) of the North Carolina Non-Profit Corporation Act.
The Foundation will receive and administer certain types of gifts (such as real estate and business interests) as well as to undertake initiatives programs that support academic and enrichment causes for the benefit of the College as defined by sections 501(c)(3) and 509(a)(3) of the Internal Revenue Code.
The first project of the Foundation has been procuring Salisbury radio station WSAT-AM to become the platform for Catawba College students majoring in Business or Communication Arts hoping to pursue careers in radio broadcasting. Profits from the operation of WSAT will be donated by the Foundation to Catawba College.
Bill Graham of Salisbury, a Catawba College trustee and 1983 alumnus, has been the driving force behind the establishment of the Catawba Foundation. Graham says that the Foundation will be able to receive gifts of property that may ultimately be sold with the proceeds going to the College. In this way, he explains, the College does not have any liability for properties gifted for its benefit until they are sold. The Foundation may also be in a position to purchase properties adjacent to the campus or other assets for the benefit of the College without them being liabilities on the College’s books until their costs are fully paid.
Catawba College President Brien Lewis applauded the initiative, noting that such structures are increasingly common practices for higher education institutions, hospitals, and other non-profit entities. “The Catawba Foundation will be a very helpful vehicle for us and our supporters,” Lewis said. “The Foundation will enable individuals and companies to provide gifts that can move the College forward without placing an unwanted or unintended burden on the College and its resources.”