About the Foundation
The Southwestern Illinois College Foundation exists to maintain and enhance the quality of life by developing friends and funds for support of the educational cultural and service goals of Southwestern Illinois College.
The SWIC Foundation promotes excellence by securing gifts for special educational and cultural activities that are not part of the college budget.
Contact the Foundation
Southwestern Illinois College Foundation
2500 Carlyle Avenue
Belleville, Illinois 62221
Main Complex, Room 2240
Phone: 618-235-2700, ext. 5215
Toll Free: 866-942-SWIC (7942), ext. 5215
Monday – Thursday: 8 a.m. to 4:30 p.m.
Friday: 8 a.m. to 4 p.m.
Board of Directors
Mary Buettner – Board Chair
Jeanne M. Dalman
Matthew Gomric – Finance Committee Chair
Sam Hanger – Finance Committee Vice Chair
Sue Hoffmann – Board Vice Chair
Christopher C. Schroeder
Chair – Board of Trustees
Chief Administrative Service Officer
Legal and Tax Information
Click HERE to view our profile on GuideStar.
Our official corporate name is Southwestern Illinois College Foundation.
This name should be used in all legal documents. Gifts to the Southwestern Illinois College Foundation qualify as charitable contributions to an IRS Section 501 (C)(3) organization for federal estate and gift tax purposes.
2020 Financial Summary
|Support and Revenues|
|Gifts & Grants||$ 309,940.14|
|SAC Art Class Registrations||$ 0.00|
|SAC Membership Income||$ 0.00|
|Event Sponsorships||$ 0.00|
|Misc. Income-Sale of Artwork||$ 149.00|
|Revenue from Fundraising Events||$ 290.00|
|Less Fundraising Expenses||$ (1,555.30)|
|Net Fundraising Income||$ (865.30)|
|Investment Dividends and Interest||$ 201,887.81|
|Net Realized Gain/(Loss) on Investments||$ 278,970.29|
|Net Unrealized Gain/(Loss) on Investments||$ 720,793.33|
|Rental Income||$ 200.00|
|Total Support & Revenues of:||$ 1,511,075.27|
|Academic Program Costs||$ 30,552.02|
|Enhancement Grant Payments||$ 4,729.76|
|Capital Improvements||$ 0.00|
|Student Grants and Scholarships||$ 300,055.09|
|Administrative Expenses||$ 3,032.13|
|Investment Fiduciary Fees||$ 31,977.59|
|Write off uncollectible gifts||$ 0.00|
|Total Expenses||$ 370,346.59|
|Net Income/Loss||$ 1,140,728.68|
|The 12/31/20Fund Balance is represented by:|
|Investments at Fair Market Value||$ 9,160,136.63|
|Art Collection||$ 448,848.09|
|SAC Assets & Piano Net of Depreciation||$ 5,313.00|
|Beneficial Interest in Perpetual Trust||$ 74,139.47|
|Pledge Receivable||$ 100.00|
|Prepaid Expenses||$ 0.00|
|Accounts Payable||$ (150.00)|
|Resulting in Total Assets on 12/31/20||$ 10,953,503.02|