N or t he r n C olle g e 2 0 1 2 - 2 0 1 3 A nnu a l R e por t Annua l Repo r t Y ea r E nded M a rch 2 0 1 3 T he N or t he r n C ol l e ge F oun dat i on ope r at e s a s a de par t m e nt o f t h e c o l l e ge an d i s n ot s e par a t e l y i nc or por a t e d. I t s f i na nc i al a c t i v i t y i s c ons ol i dat e d and r e por t e d w i t h i n t he c o l l e ge ’ s aud i t e d f i nan c i al s t at e m e nt s . F und - R a is in g A c t iv it ie s U nl i k e m an y of t h e l ar ger O nt ar i o C o l l eges of A p pl i ed A r t s an d T ec hnol og y , t he N or t her n C ol l e ge F oun dat i on does not y et c o nduc t an ann ua l gi f t c am pai gn, o per at e a n ongo i n g m aj or gi f t pr ogr am or di r ec t l y en gag e i t s B o a r d of G ov er n or s i n f und - r a is in g a c t iv it i es . A l ar ge par t of t he F o und at i on’ s r o l e i s t o w or k c ol l ab or at i v e l y w i t h c am pus es , pr o gr am f ac ul t y , go v er nm ent f und i ng agenc i es an d c ol l ege s u pp or t er s t o s ec ur e f i nanc i al a nd i n - k i nd r es our c es f or s pec i f i c c api t a l pr oj ec t s . T hi s pas t ye a r a ct i vi t i e s su ppor t ed f undr ai s i ng f or a l eg ac y pr oj e c t and r eun i on w eek end i n s uppor t of T he H ai l e y b ur y S c hoo l of Mi nes ( H S M) 1 00 t h A n ni v er s ar y , a nd t he N or t her n W el d i ng T r ade S h o w i n K i r k l and L ak e. E ndo w m e nt s , Sc ho l a r s hi ps a n d B ur s a r i e s N or t her n C o l l e ge has E nd o w ed F unds am ount i n g t o $4. 3 M i l l i on t hat ha v e ac c u m ul at e d o v er t he c o l l eg e’ s l i f e. H is t o r ic a ll y , t h e ge ner os i t y of i ni t i al don or s w as m at c hed un der v ar i o us pr ov i n c i al g ov er nm ent m at c hi ng f unds pr ogr am s , w i t h t he m os t r ec ent pr ogr am , t he O nt ar i o T r us t f or S t uden t S u ppor t ( O T S S ) , oper at i ng f r om 2005 unt i l it w as di s c o nt i nue d i n Mar c h 20 12 . G ov er nm ent an nua l f und i ng f or O T S S has bee n r ed i r ec t ed t o w ar ds t h e O nt ar i o T ui t i on R e bat e pr ogr am . W hi l e t he pr i nc i pa l ba l anc e of our t ot a l ac c um ul at ed en d o w ed f unds po ol c on t i n ues t o be av a i l ab l e t o f und b ur s ar i es f r om i nv es t m ent i nc om e, t he r at e of gr ow t h of our E nd o w ed F u nds has bee n dam pene d b y t hi s c ha nge . E NDO W E D F U NDS – AS AT M AR C H 3 1 , 2 0 1 3 * D onat i ons f r om M et i s N at i on of O nt ar i o i n F Y 12 & $25k T D C anada T r us t w er e not m at c hed. S i nc e t he c o l l ege does n ot hav e a l ar ge a l um ni dat a bas e, an ann ua l gi v i ng c a m pai gn or an o ngo i n g m aj or gi f t s pr ogr am , t he am ount of d onat i ons r ec ei v e d an nua l l y is s por adi c . I n a ddi t i o n, anot her f ac t or w h ic h h is t o r ic a ll y af f ec t ed t he am ount of f unds w e gen er at e d v i a O T SS wa s t he m at c hi ng f or m ul a. I n s om e pas t y ear s N or t h er n had benef i t ed f r o m a pr ov i nc i al pol i c y t h at ex t e nde d add i t i o nal s up por t t o t hos e c ol l e g es w i t h e ndo w m ent s of l es s t han $1, 0 00 p er s t ud ent f r om t he ear l i er O n t ar i o S t ud ent O p por t un i t y T r us t F und ( O S O T F ) . N or t her n ha d s om et i m es been el i g i b l e t o r ec ei v e en h anc ed m at c hi ng on f un ds r ai s ed abo v e our r es p ec t i v e hi s t or i c O S O T F av er ag e. 31- M ar - 13 D o n a t i o n s M a t c h i n g F u n d s T o t a l OS OT F 1 1, 384, 267 $ 1, 364, 533 $ 2, 748, 800 $ OS OT F 2 285, 449 $ 285, 449 $ 570, 897 $ OT S S 381, 384 $ 566, 073 $ 947, 457 $ O th e r * 50, 000 $ N/ A 50, 000 $ T O T A L 2, 101, 100 $ 2, 216, 055 $ 4, 317, 154 $ 31- M ar - 12 4, 292, 159 $ I NCRE AS E 25, 000 $ 25, 000 $