The purpose of the Kansas Independent College Foundation is to develop, promote, and direct unified approaches to selected corporations, foundations, and individuals for financial support of Kansas’ independent colleges and universities, to strengthen the ability of those institutions to attract charitable support for their missions and programs, and to develop and implement approaches to leverage the collective assets and purchase power of Kansas’ independent colleges and universities to achieve operational cost savings for the individual institutions.
A president, working with a trustee board composed member college and university presidents leads KICF.
Two- and four-year privately controlled non-profit institutions of higher education comprise KICF. All 19 member colleges and universities are accredited by the Higher Learning Commission of the North Central Association of Colleges and Postsecondary Schools.
Members share equally in 60 percent of undesignated funds, with 40 percent of the funds distributed on the basis of full-time equivalent enrollment. Members may also receive designated gifts.
KICF accounting records undergo an independent annual audit. Copies of the audit are available on request.
KICF operates on a fiscal year beginning July 1 and ending June 30. The annual operating budget is determined by the board of trustees and is underwritten by a system of dues and assessments from member colleges and universities.
KICF is one of 37 state and regional funds and foundations.