Institutionally related foundations have played a vital role in raising and managing private resources in support of public institutions of higher education. Unlike private grant-making foundations, college and university foundations are typically incorporated as public charities under section 501(c)(3) of the Internal Revenue Code. Although they…

Public college and university foundations are undergoing a significant transition that could change their relationships with the boards and presidents of the institutions with which they are affiliated. Such foundations have been around for over a century. The growth in the value of assets held by foundations, and their increasing significance to…