America is home to a diverse set of institutions that range from the fabulously well endowed to those that are very poorly funded. Yet many of our poorer institutions provide educations that are just as good as--and in some cases even better than--their richer counter-parts. In this article, the author argues that wealthy institutions of higher…

The structure and functions of college development committees are discussed. The development committee of a board of trustees, also known as "the institutional advancement" committee, is responsible for ensuring the operation of the fund-raising program. Whether the development committee works through a foundation or directly for the…

Ways that college trustees can manage endowments are considered. It is suggested that endowment may be a key to survival for institutions facing serious financial difficulties. A frequently overlooked source of potential income is cash balances, which should be a concern of trustees, and one that should not be passed to professional managers. It…

The college trustees' responsibility for fund-raising is outlined. Trustees are responsible for policy decisions that define the mission of the institution, that allocate development priorities to particular programs, or goals of the institution, and that provide the budget, the impetus, and the targets for a fund-raising campaign. Although…

Nowadays, most colleges and universities find themselves either planning a fund-raising campaign, engaged in one, or having just completed one. Entering a campaign may challenge a board to determine how best to organize itself to meet its long-term responsibility for fund-raising while mobilizing the broader cadre of volunteers needed for the…

A supplement to a slide presentation on financial responsibilities of governing boards, suitable for use at a trustee workshop, is presented. A flow of funds model which depicts the five major financial zones (acquisition, allocation, current fund, plant fund, and endowment and similar funds) is the visual devise used through the presentation.…