This volume, a follow-up to Margin of Excellence with incisive new contributions from eight leading foundation leaders and experts, is focused on the opportunities and risks institutionally related foundations face in a dynamic and uncertain higher education environment. Two central themes are explored in eight chapters: (1) understanding the environmental conditions in which public institutions must fulfill their mission—and how foundations should be aligned with the host university to be essential partners for achieving shared strategic goals, and (2) unpacking how the work of foundations can safeguard the higher education value proposition through sound funding models, tailored endowment management practices, attention to the core relationships and roles for foundation leaders, fostering of innovation and partnership opportunities, and prudent risk management.
Also included are three appendixes laying out the hallmarks of effective 21st-century foundations, a set of principles and recommendations for effective partnerships with the host institution, and guidelines for the memorandum of understanding between the host institution and the affiliated foundation.
- Introduction: A Changed Environment for Higher Education and Foundations (Richard D. Legon)
- Fiduciary Responsibilities of Foundation Boards (Thomas K. Hyatt)
- Funding the Foundation in the 21st Century (Cheri O’Neill)
- Institution-Foundation Alignment (Shane Jacobson)
- The Innovative Foundation: New Needs, New Work, New Structures (Gretchen Buhlig)
- Clarifying Expectations: Internal and External Relationships (Danita Nias and Leonard Raley)
- Endowments in the 21st Century: Truths, Myths, and Emerging Issues (James H. Moore, Jr.)
- Assessing Risk within the Foundation (Jane DiFolco Parker)
- A bulk discount is available for orders of 10 or more copies.
- Publication Year: 2020
- ISBN: 978-0-926508-85-9
- Number of Pages: 140
About the Author:
Richard D. Legon recently retired as the president of AGB following 14 years of leading the organization (2006-2019), and 36 years with the association. Prior to joining AGB, Rick served in local and national government, as well as in national association positions. Mr. Legon has written extensively about board governance—in AGB’s Trusteeship magazine and other AGB publications, and in other association magazines. He is also the editor of AGB’s Margin of Excellence: The New Work of Higher Education Foundations, a previous work that addresses the governance of institutionally related foundations. He is a regularly sought-after voice on higher education leadership issues.
BookInstitutionally Related FoundationsPublic Institution