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Financial Information


The Northern Alumni Foundation welcomes your interest in our financial operations and performance. We take great pride in stewarding the private gifts raised to support MSU-Northern, in accordance with the intended purposes of each generous donor.

The financial and investment operations of the Alumni Foundation are under the direct oversight of the volunteer Board of Trustees, which receives guidance from the Finance committee, composed of trustees and ex-officios.

The Alumni Foundation follows an outsourced chief investment officer model (OCIO) and contracts investment management services through Waddell & Reed and D.A. Davidson. The Foundation’s Finance Committee establishes the investment policy parameters within which the OCIO operates and monitors the OCIO’s performance.

Tax-Exempt State

The Northern Alumni Foundation is a nonprofit, 501(c)(3) charitable organization affiliated with the Montana State University - Northern. All fundraising and investment activities of the Foundation are limited to the University.
The Alumni Foundation’s Tax ID number is: 81-0375335

The Alumni Foundation’s financial statements are audited annually by an independent audit firm in accordance with auditing standards generally accepted in the United States.