The Catawba Foundation was created to operate exclusively for the benefit of Catawba College. The Foundation is a charitable organization under the definitions of section 55A-1-40(4) of the North Carolina Non-Profit Act.
The Foundation will receive and administer certain types of gifts (such as real estate and business interests) as well as undertake initiatives 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.
Bill Graham of Salisbury, a Catawba College Board of Trustees member, former Board Chair, Trustee Chairman, and 1983 alumnus, was the driving force behind the establishment of the Catawba Foundation. He indicated that the Foundation is able to receive gifts of property that may ultimately be sold with the proceeds going to the College. In this way, Catawba 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 Foundation Board Members
- Tom Dennard: Chairman and CEO of Grandbridge Real Estate Capital, a commercial real estate mortgage banking company
- Bill Graham: Attorney and Partner at Wallace & Graham, P.A., Salisbury, N.C.
- John Henderlite: Financial Advisor, VOYA Financial Advisors, Inc.
- Karen Hobson: President, Hobson Associates, Inc., a business consulting company, and Trustee, Historic Salisbury Foundation, Inc.
For more information, please contact the Development Office at (704) 637-4394 or firstname.lastname@example.org.