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ERIC Number: EJ887589
Record Type: Journal
Publication Date: 2010
Pages: 9
Abstractor: ERIC
Reference Count: 14
ISSN: ISSN-0271-0560
The Foundation-Institution Partnership: The Role of Institutionally Related Foundations in Public Higher Education
Bass, David
New Directions for Higher Education, n149 p17-25 Spr 2010
Institutionally related foundations have played a vital role in raising and managing private resources in support of public institutions of higher education. Unlike private grant-making foundations, college and university foundations are typically incorporated as public charities under section 501(c)(3) of the Internal Revenue Code. Although they may perform a range of functions, the primary purpose of most college and university foundations is to help raise private support for their affiliated institution or system, and hold and manage contributed assets. Many foundations were originally established to receive and steward private gifts, help segregate private and public funds, manage endowments, and facilitate financial transactions or entrepreneurial ventures that could not be undertaken effectively by state entities. This article contains practical advice for maintaining a successful foundation and fostering a positive relationship between that organization and its host institution.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A