ERIC Number: ED214484
Record Type: Non-Journal
Publication Date: 1981
The Foundation Handbook: A Private Foundation Approach to Fund Raising at State Colleges and Universities.
Lemish, Donald L.
Guidelines for state colleges and universities who wish to use a foundation as an umbrella organization for receiving all private gifts, restricted and unrestricted, are presented. In examining the need for a foundation, attention should be directed to: establishing credibility, marshalling volunteers, providing for a mechanism for accepting life income agreements, increasing investment potential, and diminishing political influence. Guidelines for policy implementation should include the following points: coordinating appeals for funds and approaches to donors; accepting, recording, reporting, and acknowledging gifts; establishing minimum funding requirements; formulating budgets for fund raising programs; preparing fund raising literature; maintaining prospect files; recognizing donors; and involving and using volunteers. Sample fund-raising policy and guidelines and a sample case statement that describes the institution's need for private support are included. Steps in the process of incorporating the foundation are outlined, and a sample articles of incorporation and a sample set of bylaws are presented. The sample articles are for a closed foundation and the sample bylaws are for an open foundation. A provision for unlimited membership is the only major difference between the two. Information is also presented on choosing directors, finding start-up money, establishing accounts, and disbursing funds. Sample guidelines for establishing foundation funds and sample disbursement guidelines are included. The following types of accounts are described: general accounts, term accounts, endowment funds, and trust funds. (SW)
Descriptors: Educational Finance, Endowment Funds, Financial Needs, Financial Policy, Fund Raising, Grantsmanship, Higher Education, Investment, Philanthropic Foundations, Private Financial Support, Program Implementation, Resource Allocation, State Colleges, Trusts (Financial), Volunteers
American Association of State Colleges and Universities, One Dupont Circle, Suite 700, Washington, DC 20036 ($3.50).
Publication Type: Guides - Non-Classroom; Legal/Legislative/Regulatory Materials
Education Level: N/A
Authoring Institution: American Association of State Colleges and Universities, Washington, DC.