Chapter 9-400: Campus Foundations and University Support Groups

9-410 Policies on Campus Foundations and University Support Groups

The Policy and Administrative Guidelines on Support Groups, Campus Foundations, and Alumni Associations was adopted by The Regents on September 15, 1995. Foundation Guidelines and Support Group Guidelines were issued by the Senior Vice Presidents—Business and Finance and University Affairs in February, 2004. The Administrative Guidelines for Campus Foundations states that

A Chancellor may recognize as a Campus Foundation a single organization that has the following characteristics:

  1. is created and operated solely in support of the University's interests;
  2. has as its purpose the securing, management, and investment of private support for the benefit of the campus; and
  3. among recognized organizations, provides the major private support for the campus.

The Policy and Administrative Guidelines on Support Groups, Campus Foundations, and Alumni Associations is incorporated in the delegation of authority to solicit and accept gifts (see 9-220). Campus Foundations and tax-exempt University Support Groups may solicit gifts. Campus Foundations and University Support Groups have not been delegated contract and grant authority and, therefore, are not authorized to solicit grants for research, training, and public service, which come under the delegation of contract and grant authority.

9-420 External Audit Program for Campus Foundations

Each January, the Board of Regents is presented with an external audit of Campus Foundations. Financial activities of recognized foundations and support groups are governed by the Guidelines issued in February 2004.