ERIC Number: ED565213
Record Type: Non-Journal
Publication Date: 2015
Abstractor: As Provided
Reference Count: 8
Growing the Greater Campus: The Use of Institutionally Related Foundations in Real Estate Activities
Sullivan, Kevin G.; Malone, Jason B.
Association of Governing Boards of Universities and Colleges
Public colleges and universities have long turned to institutionally related foundations ("IRFs") to raise private support and manage endowments and other financial assets. From the start, however, IRFs have also served as vehicles enabling public institutions to engage in real estate transactions and related entrepreneurial ventures that advance important institutional priorities but would be impractical or impossible for a state entity to undertake alone. This paper focuses on the new and/or increased role of the IRF and the questions raised concerning (a) which organization is most appropriate to undertake these activities, (b) how the organization should be structured, with an emphasis on the possible advantages and disadvantages of different configurations, (c) how the organization should be governed, managed, and staffed, and (d) the types of real estate projects in which it may get involved.
Descriptors: Public Colleges, Philanthropic Foundations, Organizational Objectives, Organizational Theories, Operations Research, Financial Services, Real Estate, Administrative Organization, Governance, Outsourcing, College Administration
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: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: Association of Governing Boards of Universities and Colleges