ERIC Number: ED468784
Record Type: RIE
Publication Date: 2002
Assessing New Entrepreneurial Activities for University-Related Foundations. Occasional Paper.
Fischer, Gerald B.
Association of Governing Boards of Universities and Colleges
University-related foundations considering new entrepreneurial activities should examine several questions and criteria before pursuing such opportunities. Each foundation has its own strategic priorities, values, and culture, and what works for one may not fit another. While the differing historical, tax, and legal environments facing foundations could lead their executives and directors to different decisions, the following may serve as useful guideposts: (1) foundation leaders must ask if the inviting idea fits with what the foundation was created to do; (2) the appropriate board committee must ensure that staff thoroughly studies the financial realities of any nontraditional opportunity; (3) the foundation must consider whether it makes sense to take on a new activity without gauging the staff's expertise or competence or without adding additional staff; (4) the foundation must consider the extent to which the new activity will divert the attention of the senior staff or board from the core functions of the foundation; and (5) the perceptions of key constituencies must be considered. (SLD)
Descriptors: Administration, Entrepreneurship, Financial Policy, Higher Education, Philanthropic Foundations, Universities
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: Opinion Papers
Education Level: N/A
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.