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…

The context in which boards are making endowment spending decisions has changed remarkably in the past year. In January 2008, Senators Max Baucus and Charles Grassley, chair and ranking minority member, respectively, of the Senate Finance Committee, cited "explosive college endowment growth" as evidence that college and university boards should…