8.3 College- or University- Related Foundations - History

Board Policies
Chapter 8 - College & University Relations

Date of Implementation: 3/21/95
Date of Adoption: 3/21/95
Date of Last Review: 3/19/25

Date & Subject of Amendments:

3/19/25 – Full review. Added the descriptions that further define the work of advancement and included development and stewardship. Clarified the roles of related foundations. Added language that emphasizes the alignment of the college/university and related foundations’ strategic work to support advancement.

3/21/18 - Removed references to system office as related foundations will contract with a college or university. Added language allowing the audit requirement in Part 4, sub D #1 to be waived for foundations with less than $75,000 in assets. Added Part 6 establishing expectations when using a related foundation as vehicle for real property. Applied new formatting and writing styles resulting in technical edits.

11/16/11 - Effective 1/1/12, the Board of Trustees amends all board policies to change the term "Office of the Chancellor" to "system office," and to make necessary related grammatical changes.

11/18/09 - policy was rewritten, new part 1, Purpose was added, part 2, Definitions were expanded, language in parts 3, 4, and 5 were added or amended from former part 2. These amendments apply to any new contract with a related foundation. An existing contract with a related foundation shall be amended in accordance with these amendments at the time of any amendment to the contract or July 1, 2010, whichever is earlier.

12/17/03 - Changed Name to include "system-related." Also amends Part 2, Subpart B, to temporarily waive the requirement to contribute an amount equal to the administrative support, for new foundations or those undergoing changes to the foundation's mission, purpose or structure.

1/19/00 - Revised Part 1 and Part 2, Subpart A.

2/17/99 - Revised Subparts C and D, and added Subpart E.

2/21/96 - Subpart D was added and technical amendments were made.