主题: State of Relationship: Montgomery County Community 大学 Foundation and Montgomery County Community 大学

数量: 5.9

日期2022年10月

取代2005年5月

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目的

The 大学 and the Foundation are fully committed to advancing the mission of the 大学. The purpose of this policy is to define the role of the Foundation in the achievement of the 大学’s mission.

政策

The purpose of the Montgomery County Community 大学 Foundation, Inc. 就是排他性 for the purpose of providing support and assistance to Montgomery County Community 大学 (大学) in developing programs, facilities and services necessary to carry out the educational mission and functions of the 大学. Private fundraising priorities must be aligned with the fulfillment of the 大学’s strategic plan.

该基金会 is to carry out this purpose by encouraging, soliciting, receiving, holding, investing and administering gifts of funds and property and making expenditures to, or for the benefit of, the 大学, faculty, and students, and is to exercise such powers as are set forth in its Articles of Incorporation (Articles) filed with the Secretary of State of the Commonwealth of Pennsylvania and which may be amended 不时地.

All private gifts on behalf of the Montgomery County Community 大学 shall be received, credited and acknowledged by the Foundation unless the donor specifically direct otherwise. 该基金会 and the 大学 President have the responsibility for the solicitation of private gifts on behalf of the 大学. This is accomplished in collaboration with 大学 faculty and staff members.

该基金会 is to undergo an annual audit of the fiscal status by an independent public accountant that provides sufficient detail to allow the 大学 and governing boards to ascertain the purpose of expenditures, assuring that funds are credited and allocated in accordance with donor instructions. The result of this audit must be of sufficient excellence to be placed alongside that of the 大学 without disclaimer.

The 大学, after consultation with the Foundation, will annually determine the operating budget and agreed upon cost allocations between the Foundation and the 大学, prior to the beginning of the forthcoming fiscal year (July 1). 

Notwithstanding anything contained herein to the contrary, any inconsistency with the 501 (c) (3) designation or the Foundation Bylaws shall be controlled by the Bylaws 和I.R.S. designation as opposed to this policy.