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ERIC Number: ED309719
Record Type: Non-Journal
Publication Date: 1989
Pages: 47
Abstractor: N/A
Establishing a University Foundation.
Lemish, Donald L.
A handbook on how to establish a university foundation is presented. It presupposes that a foundation will be used as the umbrella organization for receiving all private gifts, restricted and unrestricted, for the benefit of a public college or university; and hence it chiefly addresses readers from public colleges and universities. Information is based on personal experiences at five universities. An introduction discusses reasons to have a foundation (establishing credibility, marshaling volunteers, fostering life income agreements, increasing investment potential, and curtailing political intrusion). Eight steps for creating a foundation are as follows: develop guidelines (sample fund-raising and policy guidelines); state the case for development (sample case statement); incorporate (sample articles of incorporation and bylaws); choose directors; halfway home or getting the exemption; find startup money (sample guidelines for establishing foundation funds, trust fund withdrawal request); establish accounts; and disburse funds (sample disbursement guidelines). It is suggested that those establishing a foundation remember to make it as easy as possible for someone to make a gift to the institution; allow at least a year to get a foundation organized; and be assured that with good professional staff leadership, the institution will reap rewards. Contains 17 references. (SM)
American Association of State Colleges and Universities, One Dupont Circle, Suite 700, Washington, DC 200361-1192 ($5.00 members, $8.00 nonmembers).
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: American Association of State Colleges and Universities, Washington, DC.
Grant or Contract Numbers: N/A