ERIC Number: ED412795
Record Type: RIE
Publication Date: 1997
The Board's Role in Fund-Raising. The Fundamentals. Board Basics.
Legon, Richard D.
Association of Governing Boards of Universities and Colleges
Fund-raising is one of the college or university governing board's most basic and important responsibilities: The annual fund is the platform from which all other fund-raising activities flow, and the board plays a key role in planning, implementing, and monitoring comprehensive campaigns, which are major efforts, focused on long-range financial priorities, that involve all institutional resources and constituencies. Successful fund-raising programs are varied, but share some principles: collaboration of the institution's president, board, and senior development staff members; participation of informed and willing trustees; and direct linkage of fund-raising to the institution's mission, goals, and priorities. Fund-raising in public institutions is frequently delegated to separately incorporated nonprofit foundations, but the governing board is ultimately responsible for establishing the working agreements defining the foundation's relationship to the host institution. The trustees must be both advocates and active participants in implementing policies and strategies, and all board members must demonstrate their commitment with individual gifts. Fund-raising responsibilities of board members should be made explicit in the trustee job description and orientation. The board's development committee is responsible for ensuring that the institution has an active, well-organized, and adequately budgeted fund-raising program. The committee on trustees helps recruit board members committed to the institution's development. (MSE)
Descriptors: Administrative Organization, Administrator Role, Agency Role, Board Administrator Relationship, College Administration, Committees, Donors, Educational Finance, Endowment Funds, Fund Raising, Governance, Governing Boards, Grantsmanship, Group Membership, Higher Education, Long Range Planning, Meetings, Nonprofit Organizations, Private Colleges, Private Financial Support, Public Colleges, Trusts (Financial)
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.