ERIC Number: ED428597
Record Type: RIE
Publication Date: 1999
Governing and Foundation Board Relationships. Foundation Relations. Board Basics.
Legon, Richard D.
Association of Governing Boards of Universities and Colleges
This booklet for trustees of institutions of higher education discusses principles for the relationship between institutional governing and foundation boards. An introductory section offers examples of poor outcomes resulting from a lack of collegial, productive relationships between these groups and stresses the importance of clarifying the relationship and of establishing and honoring institutional fund-raising priorities. Four foundation board responsibilities are listed: review funding priorities; identify, cultivate, and solicit donors; make personal contributions; and manage assets. Similarly, four governing board responsibilities are listed: set the institution's mission; ensure adequate resources; raise private funds; and recognize and steward gifts. Also addressed are ethical issues and procedural concerns. Guidelines for enhancing communications between the boards include appointing governing board members to the foundation board and sharing the foundation's annual report with the governing board. The booklet concludes with discussion of unique issues facing decentralized, centralized, or coordinated systems, and maintaining foundation autonomy. (DB)
Descriptors: Accountability, Cooperative Programs, Decision Making, Fund Raising, Governing Boards, Higher Education, Leadership, 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.