ERIC Number: ED428596
Record Type: RIE
Publication Date: 1998
The Role of the Foundation Board. Foundation Relations. Board Basics.
Simic, Curtis R.
Association of Governing Boards of Universities and Colleges
This booklet for trustees of institutions of higher education addresses the role of boards of related non-profit fund-raising foundations. The booklet begins with an explanation of four advantages of such foundations to host institutions, such as separating gift funds from public funds. Suggestions for making foundation boards more effective stress the importance of a mutually supportive relationship with the host institution, managing assets wisely, and contributing to the institution's public relations program. Also addressed are foundation board recruitment, the board's major responsibility of soliciting gifts, relationships between governing and foundation boards, linking the foundation and the institution, and setting fund-raising priorities. Dangers of too close a relationship between the foundation and its host institution are also noted. Finally, the booklet considers estimates of costs for funding the foundation and tailoring the foundation to the institution. Among principles stressed is the importance of enabling rather than restricting the foundation in order to maximize the advantages and benefits offered by an independent foundation. (DB)
Descriptors: Accountability, Educational Finance, Fund Raising, Governing Boards, Higher Education, Legal Responsibility, Philanthropic Foundations
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.
Note: For related documents, see HE 031 908-917.