Foundation Responsibilities. 1.1. FOUNDATION shall assume responsibility, as the employer of record for the SWDs.
Foundation Responsibilities. The Foundation shall provide LCCC with fundraising and asset investment services, which shall include all services related to the following activities:
Foundation Responsibilities. Fund‐Raising • The Foundation shall create an environment conducive to increasing levels of private support for the mission and priorities of the District. • The Foundation, in consultation with the Superintendent/President, is responsible for planning and executing comprehensive fund‐raising and donor‐acquisition programs in support of the District’s mission. These programs include annual giving, major gifts, planned gifts, special projects, and campaigns as appropriate. • The Foundation will establish, adhere to, and periodically assess its gift‐management and acceptance policies. It will promptly acknowledge and issue receipts for all gifts on behalf of the Foundation and the District and provide appropriate recognition and stewardship of such gifts. • The District recognizes that the Foundation bears major responsibility for fund‐raising. District representatives will coordinate fund‐raising initiatives including major gifts solicitations with the Foundation. • The Superintendent/President will work in conjunction with the leadership of the Foundation Board and the Foundation Executive Director to identify, cultivate and solicit prospects for private gifts. • The Foundation shall not accept grants from state or federal agencies, except in special circumstances that are approved by the Foundation Board of Directors, the Board of Trustees and the governmental agency. • The Foundation shall establish and enforce policies to protect donor confidentiality and rights. Asset Management • The Foundation will establish asset‐allocation, disbursement, and spending policies that adhere to applicable federal and state laws including the Uniform Prudent Investor Act (UPIA) and the Uniform Management of Institutional Funds Act (UMIFA). • The Foundation will receive, hold, manage, invest, and disperse contributions of cash, securities, patents, copyrights, and other forms of property, including immediately vesting gifts and deferred gifts that are contributed in the form of planned and deferred‐gift instruments. • The Foundation will engage an independent accounting firm annually to conduct an audit of the Foundation’s financial and operational records and will provide the District with a copy of the annual audited financial statement, including management letter. District Flexibility • The Foundation will explore current opportunities, including acquisition and management of real estate on behalf of the District for future allocation, transfer, or use. • When distri...
Foundation Responsibilities. A. Foundation shall create an environment conducive to increasing levels of private support for the mission and priorities of District.
Foundation Responsibilities. The Foundation agrees to:
Foundation Responsibilities. The FOUNDATION shall:
Foundation Responsibilities. The primary functions of the Foundation under this Memorandum of Understanding and as permitted in its Memorandum of Understanding with Xxxxxxxx University are identifying and soliciting financial support and effectively managing endowment assets designated for the benefit of Sunflower. The Foundation agrees it shall:
Foundation Responsibilities. Consistent with the purposes stated in its Articles of Incorporation, the Foundation exists to promote the interest and welfare of the University and provide it with a margin of excellence by providing the maximum level of sustainable financial support.
Foundation Responsibilities. A. Upon establishment of the MSHCP Fund, the Foundation shall appoint an individual and an alternate (collectively, the “Foundation Representative”), who shall represent the Foundation in carrying out its obligations under this Agreement.
