Native Forward Scholars Fund
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Native Forward Scholars Fund meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to provide financial support for American Indians and Alaska Natives seeking higher education, and to support them in attaining undergraduate, graduate, and professional degrees by partnering with Tribes, the federal government, foundations, corporations, and individuals to ensure the growth and sustainability of scholarships."
Year, State Incorporated:
1969, NM
Also Known As:
American Indian Graduate Center AIGC Scholars
Native Forward Scholars Fund (NFSF) is a national scholarship provider for Native students pursuing higher education in the United States. The organization administers more than 30 scholarship programs with scholarships ranging from $250 to $30,000 annually, in addition to offering an array of support services that are designed specifically to address the needs of Native students in post-secondary education. NFSF reports that its student support program provides culturally responsive support services using a one-on-one, three-touchpoint student outreach system, which the organization combines with their student programming via webinars and workshops to help Native scholars build networks and skills. In 2023, NFSF states that it awarded approximately $11 million in direct scholarship support to 1,343 individuals representing 193 Tribes and 43 states.
For the year ended June 30, 2023, Native Forward Scholars Fund's program expenses were:
Scholarships and student support services: $12,940,389
Outreach: $899,268
Read/selection: $229,457
Leadership: $112,620
Total Program Expenses: $14,181,734
Chief Executive
Angelique Albert, Chief Executive Officer
Compensation*
$289,434
Chair of the Board
Holly Cook Macarro
Chair's Profession / Business Affiliation
Partner, Spirit Rock Consulting LLC
Board Size
7
Paid Staff Size
26
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio, Special events, Telemarketing
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $14,634,278, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Native Forward Scholars Fund's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Contributions and grants | $4,143,421 |
| Federal grant | $10,358,061 |
| Other program revenue | $1,400 |
| Special events | $132,796 |
| Interest and dividends, net | $499,407 |
| Realized and unrealized gains on investments | $1,417,682 |
| Total Income | $16,552,767 |
Programs: 92% Fundraising: 2% Administrative: 6%
| Total Income | $16,552,767 |
| Total expenses: | $15,373,309 |
| Program expenses | $14,181,734 |
| Fundraising expenses | $281,760 |
| Administrative expenses | $909,815 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,179,458 |
| Beginning Net Assets | $26,847,324 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $28,026,782 |
| Total Liabilities | $2,937,148 |
| Total Assets | $30,963,930 |
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Standards Not Met
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Review in Progress
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Report completed by:
BBB Wise Giving Alliance