College Foundation Inc.
Fiscal year ending 2024. Filed on January 7, 2025.
2917 Highwoods Blvd
Suite 300
Raleigh, North Carolina 27604
College Foundation Inc. (EIN: 56-6046937) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, College Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 12 out of 179 total employees. Among the employees shown here, the average compensation is $176,331. The highest compensated employee at College Foundation Inc. is Wendy H McAlister with fiscal year 2024 compensation of $279,724.
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Mission Statement
Our work today makes a better tomorrow by empowering people to achieve their academic goals. At June 30, 2024, the Foundation was servicing a loan portfolio valued at $147,984,435 and administering North Carolina's National College Savings Program with a portfolio valued at $3,646,813,222. During the tax year ended June 30, 2024, students used the CFNC.org website to submit 359,921 applications to NC colleges, 312,205 students used the Residency Determination Service, and the Foundation disbursed $228,284,965 in state grants.
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