A study was conducted to research and develop guidelines for the establishment and operation of a California community college foundation. The study involved a review of state regulations for the establishment of a non-profit foundation, a literature review, participation in two fund-raising seminars, personal interviews with foundation staff at two universities and with the staff of the Community Development Program at Bakersfield College, and a survey of 107 California community college presidents conducted to determine perceptions of the characteristics and functions of an effective foundation. Study results included the following: (1) foundations can be designed specifically for a special interest group or as one main organization supporting all aspects of the institution; (2) foundations need well-established policies and procedures for receiving gifts; and (3) colleges felt they had better control of the operation if only one board of directors was established per institution, with interest groups working under the umbrella organization. Based on study findings, guidelines for the development of a foundation were prepared, covering the areas of organizational planning and implementation, general operating procedures, fundraising activities, and public relations activities. A literature review, the survey instrument, and "Guidelines for the Establishment and Operation of a California Community College Foundation" are included in the study report. (LAL)