Civic Intelligence

The Ohio Foundation of Independent

EIN 31-4441082 • 501(c)3 • Columbus, OH

Profile

To solicit contributions from the corporate community and private foundations on behalf of 34 member-college/universities that serve nearly 100,000 students. Members are nonprofit, privately controlled, 4-year colleges/universities chartered by the state of ohio, are fully accredited by north central association of colleges & secondary schools, and have a curricular program in traditional liberal arts. Contributions to ofic are distributed to colleges/universities annually and provide tuition assistance and operational support. Ofic provides its donors with an efficient means to support independent higher education. Ofic also provides programs to promote corporate/independent higher education partnerships and provides leadership in developing efforts that result in reduced costs and improved business practices for its members.

250 East Broad Street No 1700Columbus, OH 43215

www.ofic.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.04x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

54th percentile

6.0%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$288,801

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

33rd percentile

-0.6%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.0%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,576,567

Down $49,217 (-0.6%) from 2023

Liabilities

Down

$179,608

Down $184,110 (-51%) from 2023

Net Assets

Up

$7,396,959

Up $134,893 (+1.9%) from 2023

Revenue

Down

$4,373,175

Down $133,046 (-3.0%) from 2023

Expenses

Down

$4,111,486

Down $141,371 (-3.3%) from 2023

Net Income

Up

$261,689

Up $8,325 (+3.3%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,063,901Liabilities 2011: $264,447Net Assets 2011: $4,799,4542011Assets 2012: $4,963,401Liabilities 2012: $262,744Net Assets 2012: $4,700,6572012Assets 2013: $5,195,669Liabilities 2013: $251,982Net Assets 2013: $4,943,6872013Assets 2014: $6,642,913Liabilities 2014: $761,269Net Assets 2014: $5,881,6442014Assets 2015: $6,887,897Liabilities 2015: $362,178Net Assets 2015: $6,525,7192015Assets 2016: $6,418,104Liabilities 2016: $404,426Net Assets 2016: $6,013,6782016Assets 2017: $6,819,555Liabilities 2017: $441,872Net Assets 2017: $6,377,6832017Assets 2018: $6,884,428Liabilities 2018: $716,164Net Assets 2018: $6,168,2642018Assets 2019: $7,515,541Liabilities 2019: $1,392,221Net Assets 2019: $6,123,3202019Assets 2020: $8,373,314Liabilities 2020: $1,588,270Net Assets 2020: $6,785,0442020Assets 2021: $10,019,771Liabilities 2021: $2,266,323Net Assets 2021: $7,753,4482021Assets 2022: $7,138,726Liabilities 2022: $434,620Net Assets 2022: $6,704,1062022Assets 2023: $7,625,784Liabilities 2023: $363,718Net Assets 2023: $7,262,0662023Assets 2024: $7,576,567Liabilities 2024: $179,608Net Assets 2024: $7,396,9592024

Highlighted filing

2024

Assets$7,576,567
Liabilities$179,608
Net Assets$7,396,959

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,231,1982011Expenses 2012: $4,587,3682012Expenses 2013: $4,410,9582013Revenue 2014: $5,066,369Expenses 2014: $4,456,609Net Income 2014: $609,7602014Revenue 2015: $5,146,906Expenses 2015: $4,321,192Net Income 2015: $825,7142015Revenue 2016: $4,131,685Expenses 2016: $4,554,212Net Income 2016: -$422,5272016Revenue 2017: $4,592,825Expenses 2017: $4,526,845Net Income 2017: $65,9802017Revenue 2018: $3,938,071Expenses 2018: $4,324,030Net Income 2018: -$385,9592018Revenue 2019: $3,874,316Expenses 2019: $4,101,685Net Income 2019: -$227,3692019Revenue 2020: $4,155,775Expenses 2020: $3,574,336Net Income 2020: $581,4392020Revenue 2021: $4,357,939Expenses 2021: $4,626,306Net Income 2021: -$268,3672021Revenue 2022: $4,168,054Expenses 2022: $3,658,988Net Income 2022: $509,0662022Revenue 2023: $4,506,221Expenses 2023: $4,252,857Net Income 2023: $253,3642023Revenue 2024: $4,373,175Expenses 2024: $4,111,486Net Income 2024: $261,6892024

Highlighted filing

2024

Revenue$4,373,175
Expenses$4,111,486
Net Income$261,689

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.58$0.18$7.40$4.37$4.11$0.26
2023Detailed filing. Detailed filing data is available for this year.$7.63$0.36$7.26$4.51$4.25$0.25
2022Detailed filing. Detailed filing data is available for this year.$7.14$0.43$6.70$4.17$3.66$0.51
2021Detailed filing. Detailed filing data is available for this year.$10.0$2.27$7.75$4.36$4.63$0.27
2020Detailed filing. Detailed filing data is available for this year.$8.37$1.59$6.79$4.16$3.57$0.58
2019Detailed filing. Detailed filing data is available for this year.$7.52$1.39$6.12$3.87$4.10$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.88$0.72$6.17$3.94$4.32$0.39
2017Detailed filing. Detailed filing data is available for this year.$6.82$0.44$6.38$4.59$4.53$0.07
2016Detailed filing. Detailed filing data is available for this year.$6.42$0.40$6.01$4.13$4.55$0.42
2015Detailed filing. Detailed filing data is available for this year.$6.89$0.36$6.53$5.15$4.32$0.83
2014Detailed filing. Detailed filing data is available for this year.$6.64$0.76$5.88$5.07$4.46$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.25$4.94$4.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.26$4.70$4.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$0.26$4.80$4.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 2, 2025
Return Version
2023v6.0
Gross Receipts
$6,070,650
Mission and Program Overview

Mission

To solicit contributions from the corporate community and private foundations on behalf of 33 member-college/universities that serve nearly 80,000 students. Members are nonprofit, privately controlled, 4-year colleges/universities chartered by the state of ohio, are fully accredited by higher learning commission, and have a curricular program in traditional liberal arts. Contributions to ofic are distributed to colleges/universities annually and provide tuition assistance and operational support. Ofic provides its donors with an efficient means to support independent higher education. Ofic also provides programs to promote corporate/independent higher education partnerships and provides leadership in developing efforts that result in reduced costs and improved business practices for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,710,027$6,967,671▲ $257,644
Cash and Non-Interest-Bearing Accounts$603,250$468,816▼ $134,434
Pledges and Grants Receivable$273,489$102,478▼ $171,011
Prepaid Expenses and Deferred Charges$23,051$30,344▲ $7,293
Total Assets$7,625,784$7,576,567▼ $49,217
Other Assets Total$15,967$7,258▼ $8,709
Liabilities
Other Liabilities$134,618$98,769▼ $35,849
Accounts Payable and Accrued Expenses$229,100$80,839▼ $148,261
Total Liabilities$363,718$179,608▼ $184,110
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,758,941$6,906,372▲ $147,431
Net Assets Without Donor Restrictions$503,125$490,587▼ $12,538
Total Net Assets Fund Balance$7,262,066$7,396,959▲ $134,893
Total Liabilities and Net Assets / Fund Balance$7,625,784$7,576,567▼ $49,217

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,144,447-▲ $584,147-$6,416,225
2022$5,799,133-▲ $651,984-$6,144,447
2021$8,107,302$2,048▼ $2,060,729-$5,799,133
2020$6,702,903$15,400▲ $1,707,619-$8,107,302
2019$6,519,301$4,300▲ $235,626-$6,702,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William SpikerPresidentFT$212,910$75,891$288,801
Brett FieldsVP of OperationsFT$111,016$17,281$128,297

Board Members and Trustees

NameTitle
Barbara BritenrikerChair
Randall MarkerPast Chair
Susan HasselerVice Chair (collegiate)
Jim CarulasVice Chair (corporate)
Aaron WilliamsTrustee
Adam WeinbergTrustee
Alan MiciakTrustee
Anne MccallTrustee
Bear MonitaTrustee
Carmen Twillie AmbarTrustee
Carson CastlemanTrustee
Catherine BeldenTrustee
Charles TyburskiTrustee
Christine WalkerTrustee
Christopher GoffTrustee
Corey CockerillTrustee
David BelewTrustee
David DeckerTrustee
David KaufmanTrustee
David KingTrustee
Eddie TaylorTrustee
Evan AndrewsTrustee
Father David PivonkaTrustee
Frederick HadleyTrustee
Gabriel BrunoTrustee
Gregory KingTrustee
Gregory MillerTrustee
Haris PratsinakisTrustee
James CarulasTrustee
James GasiorTrustee
Jane WoodTrustee
Jennifer SchullerTrustee
Jim MalzTrustee
John ComerfordTrustee
Jon Parrish PeedeTrustee
Julie KornfieldTrustee
Katherine Rowe FellTrustee
Kevin KaleTrustee
Lillian SchumacherTrustee
Lisa StavskyTrustee
Margaret DrugovichTrustee
Matthew DanisTrustee
Matthew VandenbergTrustee
Melissa BaumannTrustee
Michael FrandsenTrustee
Michael GilliganTrustee
Michael KoralewskiTrustee
Michael MuseTrustee
Pam LeboldTrustee
Ralph SmithersTrustee
Randolph SnowTrustee
Richanne MankeyTrustee
Rob BohnerTrustee
Robert HuntingtonTrustee
Robert MaloneTrustee
Robert MerzweilerTrustee
Ronald McmasterTrustee
Shonna RiedlingerTrustee
Stephen HirzelTrustee
Suzanne MiklosTrustee
T Stephen GregoryTrustee
Thomas BechtelTrustee
Thomas SchuckTrustee
Thomas SuttonTrustee
Thomas WhiteTrustee
Timothy CollinsTrustee
Timothy NovotnyTrustee
Tracy SaboTrustee
Troy SingerTrustee
Ward TimkenTrustee
Wayne WebsterTrustee
William BissetTrustee
Yvette HunsickerTrustee
Timothy CollinsSecretary
James FaheyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,315,772
Program Service Revenue
$1,221,739
Investment Income
$825,664
Other Revenue
$10,000
All Other Contributions
$2,315,772
Change in Net Assets
$261,689

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,302,200
Revenue Not Reported on Financial Statements
$70,974
Revenue Not Reported on Form 990
$-126,796
Other Revenue Adjustments
$10,000
Total Revenue per Audited Statements
$4,175,404
Total Revenue per Form 990
$4,373,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,447,142
Salaries, Compensation, and Employee Benefits$1,030,236
Other Expenses$634,108
Total Fundraising Expense$557,688
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,447,142--$2,447,142
Other Salaries and Wages$169,553$83,628$171,139$424,320
Current Officers, Directors, Trustees, and Key Employees$166,668$82,204$168,226$417,098
Fees for Services Other$50,778$170,399$47,425$268,602
Other Employee Benefits$40,985$20,215$41,369$102,569
Fees for Services Accounting$24,614$40,091$22,989$87,694
Fees for Service Investment Mgmnt Fees-$60,975-$60,975
Payroll Taxes$22,016$10,859$22,222$55,097
Occupancy$15,645$4,470$14,269$34,384
Pension Plan Contributions$12,448$6,140$12,564$31,152
Travel$11,504$5,674$11,612$28,790
Office Expenses$7,679$2,194$7,004$16,877
All Other Expenses$3,783$1,450$3,621$8,854
Conferences and Meetings$3,216$1,586$3,246$8,048
Other Expenses$12,310$7,758$15,529$7,758
Insurance$3,070$1,514$3,099$7,683
Information Technology$2,353$672$2,146$5,171
Total Functional Expenses$3,050,452$503,346$557,688$4,111,486

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,111,486
Expenses per Audited Statements$4,040,511
Total Expenses per Audited Statements$4,040,511
Expenses Not Reported on Financial Statements$70,975
Other Expense Adjustments$10,000
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Southern IndianaEvansville, IN-Scholarships$81,270
Cedarville UniversityCedarville, OH501(c)(3)Scholarships$76,677
Purdue UniversityWest Layayette, IN501(c)(3)Scholarships$69,619
Oberlin CollegeOberline, OH501(c)(3)Scholarships$64,503
Franciscan University of SteubenvilleSteubenville, OH501(c)(3)Scholarships$62,484
Denison UniversityGranville, OH501(c)(3)Scholarships$59,690
Baldwin Wallace UniversityBerea, OH501(c)(3)Scholarships$59,594
Franklin UniversityColumbus, OH501(c)(3)Scholarships$57,662
John Carroll UniversityCleveland, OH501(c)(3)Scholarships$55,896
Ashland UniversityAshland, OH501(c)(3)Scholarships$55,387
The College of WoosterWooster, OH501(c)(3)Scholarships$53,512
University of FindlayFindlay, OH-Scholarships$53,448
Kenyon CollegeGambier, OH501(c)(3)Scholarships$49,916
Otterbein UniversityWeterville, OH501(c)(3)Scholarships$48,886
Capital UniversityColumbus, OH501(c)(3)Scholarships$47,976
Wilmington CollegeWilmington, OH-Scholarships$45,880
Muskingum UniversityNew Concord, OH501(c)(3)Scholarships$43,592
Wittenberg UniversitySpringfield, OH-Scholarships$43,591
Ohio Wesleyan UniversityDelaware, OH501(c)(3)Scholarships$43,463
University of Illinois Urbana-champaignChampaign, IL-Scholarships$43,250
Tiffin UniversityTiffin, OH501(c)(3)Scholarships$42,416
Ohio Northern UniversityAda, OH501(c)(3)Scholarships$40,793
Mount Vernon Nazarene UniversityMt Vernon, OH501(c)(3)Scholarships$39,711
Marietta CollegeMarietta, OH501(c)(3)Scholarships$38,867
Ohio Dominican UniversityColumbus, OH501(c)(3)Scholarships$38,512
University of Mount UnionAlliance, OH-Scholarships$38,306
Heidelberg UniversityTiffin, OH501(c)(3)Scholarships$37,166
Hiram CollegeHiram, OH501(c)(3)Scholarships$36,540
Lake Erie CollegePainesville, OH501(c)(3)Scholarships$36,284
Defiance CollegeDefiance, OH501(c)(3)Scholarships$31,512
Bluffton UniversityBluffton, OH501(c)(3)Scholarships$29,807
Walsh UniversityNorth Canton, OH-Scholarships$29,041
Ursuline CollegePepper Pike, OH-Scholarships$28,017
Lourdes UniversitySylvania, OH501(c)(3)Scholarships$27,477
Indiana State UniversityTerre Haute, IN501(c)(3)Scholarships$25,596
Malone UniversityCanton, OH501(c)(3)Scholarships$25,018
University of MassachusettsShrewsbury, MA-Scholarships$21,508
Ball State UniversityMuncie, IN501(c)(3)Scholarships$21,025
Indiana UniversityBloomington, IN501(c)(3)Scholarships$19,031
University of EvansvilleEvansville, IN-Scholarships$18,071
University of VermontBurlington, VT-Scholarships$16,170
Columbia College ChicagoChicago, IL501(c)(3)Scholarships$15,200
University of CincinnatiCincinnati, OH501(c)(3)Scholarships$15,184
University of LouisvilleLouisville, KY-Scholarships$11,368
University of Notre DameNotre Dame, IN-Scholarships$11,069
Western Kentucky UniversityBowling Green, KY-Scholarships$10,696
The Ohio State UniversityColumbus, OH501(c)(3)Scholarships$10,000
Ferris State UniversityBig Rapids, MI501(c)(3)Scholarships$8,701
Hanover CollegeHanover, IN501(c)(3)Scholarships$8,527
Bowling Green State UniversityBowling Green, OH501(c)(3)Scholarships$8,000
Notre Dame CollegeSouth Euclid, OH501(c)(3)Scholarships$6,811
Thomas More UniversityCrestview Hills, KY501(c)(3)Scholarships$6,500
Butler UniversityIndianapolis, IN501(c)(3)Scholarships$6,292
George Washington UniversityAshburn, VA501(c)(3)Scholarships$6,272
Trine UniversityAngola, IN501(c)(3)Scholarships$6,250
Murray State UniversityMurray, KY501(c)(3)Scholarships$6,106
Saint Louis UniversitySt Louis, MO501(c)(3)Scholarships$6,026
Depaul UniversityChicago, IL501(c)(3)Scholarships$6,000
Michigan Technological UniversityHoughton, MI501(c)(3)Scholarships$5,870
Syracuse UniversitySyracuse, NY501(c)(3)Scholarships$5,775
Case Western Reserve UniversityCleveland, OH501(c)(3)Scholarships$5,500
Mount Holyoke CollegeSouth Hadley, MA501(c)(3)Scholarships$5,369
Johns Hopkins UniversityBaltimore, MD501(c)(3)Scholarships$5,363
Western Illinois UniversityMacomb, IL-Scholarships$5,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held on Behalf of Others$91,527
Operating Lease Liability$7,242
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Executive committee consists of the elected officers of the board, immediate past chair, and members-at-large elected by the board of trustees. This body is composed of seven member-college trustees and seven corporate trustees. The president of the foundation is ex-officio of the executive committee has power to act for the board in line with policies created by death, resignation, or incapaciation of any officer. The term of an interim appointee expires at the next meeting of the board of trustees.

Form 990, Part VI, Section A, Line 6

Members are 33 private colleges/universities in ohio who pay an annual dues assessment to ofic. The institutions are the members.

Form 990, Part VI, Section A, Line 7B

In that the presidents of the member institutions are automatically members of the ofic board of trustees, the member presidents have voting rights.

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by the organization's outside accounting firm and reviewed for approval by the ofic president, vp of operations, and audit committee prior to filing with the irs. The 990 is made available (online) to the entire ofic board after its filing with the irs.

Form 990, Part VI, Section B, Line 12C

An annual review and re-signing of policy by ofic board members.

Form 990, Part VI, Section B, Line 15

Salary survey data or studies are considered on an annual basis by the ofic personnel committee who makes recommendations to the ofic executive committee for approval. The ofic board has final approval of the executive committee actions.

Form 990, Part VI, Section C, Line 19

The organization makes available all documents required by law.

Filing and Contact Details

Filer

Filer Name
The Ohio Foundation of
EIN
31-4441082
Phone
6144691950
Address
60 COLLEGEVIEW RD SUITE 107, WESTERVILLE, OH 43081

Signing Officer

Name
William Spiker
Title
President
Phone
6144691950
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Spiker
Formed
1950
Legal Domicile
Oh
Voting Board Members
75
Independent Board Members
75
Employees
9
Volunteers
75

Preparer

Firm
Clark Schaefer Hackett & Co
Address
4449 EASTON WAY SUITE 400, COLUMBUS, OH 43219
Preparer
Natosha Carr
Phone
6148852208
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Ofic has established an audit committee to administer the oversight process and/or selection process of its independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowments is to preserve principle and to distribute a percentage of the earnings to colleges and universities for scholarships or operations.

PART X, LINE 2:

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation has not identified any material uncertain tax positions requiring recognition or disclosure in the financial statements. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a)(vi) and has been classified as an organization that is not a private foundation under section 509(a)(1). Management does not believe the foundation has any unrelated business income tax due.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Bad debts recovery 10,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Bad debts recovery 10,000.

Raw XML AppendixShowing 400 of 1,655 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SOLICIT CONTRIBUTIONS FROM THE CORPORATE COMMUNITY AND PRIVATE FOUNDATIONS ON BEHALF OF 33 MEMBER-COLLEGE/UNIVERSITIES THAT SERVE NEARLY 80,000 STUDENTS. MEMBERS ARE NONPROFIT, PRIVATELY CONTROLLED, 4-YEAR COLLEGES/UNIVERSITIES CHARTERED BY THE STATE OF OHIO, ARE FULLY ACCREDITED BY HIGHER LEARNING COMMISSION, AND HAVE A CURRICULAR PROGRAM IN TRADITIONAL LIBERAL ARTS. CONTRIBUTIONS TO OFIC ARE DISTRIBUTED TO COLLEGES/UNIVERSITIES ANNUALLY AND PROVIDE TUITION ASSISTANCE AND OPERATIONAL SUPPORT. OFIC PROVIDES ITS DONORS WITH AN EFFICIENT MEANS TO SUPPORT INDEPENDENT HIGHER EDUCATION. OFIC ALSO PROVIDES PROGRAMS TO PROMOTE CORPORATE/INDEPENDENT HIGHER EDUCATION PARTNERSHIPS AND PROVIDES LEADERSHIP IN DEVELOPING EFFORTS THAT RESULT IN REDUCED COSTS AND IMPROVED BUSINESS PRACTICES FOR ITS MEMBERS.
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