C-16: Prairie Sate College Foundation
Adoption Date: 09/17/90 | Revision Date: 05/18/98 | Revision Date: 09/23/08
The Board of Trustees shall encourage and support the continued operation of the Prairie State College Foundation to aid and assist in general the cause of education at Prairie State College. “The Operating Contract between Prairie State College and Prairie State College Foundation” establishes the rights and responsibilities of this relationship.
The Prairie State College Foundation shall be established as a not-for-profit organization to foster and support excellence in education through generating and securing additional financial resources from private and corporate sources. Funds donated to the Foundation and, as specified by the Foundation, shall be used to support and fund of various programs and services and for student financial assistance.
Gifts or donations may be accepted or refused by the Foundation, according to the guidelines established by the Foundation and consistent with the policies of the Board of Trustees.
Naming Opportunities and Recognition of Contributions
The Board of Trustees shall support and advocate the efforts of the Prairie State College Foundation to identify and recognize the contributions of donors and benefactors.
Such recognition may be in the form of a naming opportunity by which an identified room, physical space, or campus location would be named or renamed after the benefactor or according to the desires of the benefactor. The Board of Trustees retains its authority to designate and name any or all buildings, or parts thereof, structures, facilities, grounds, or other real property belonging to the College.
The Board of Trustees will receive and act upon recommendations of the Prairie State College Foundation to designate and name a given room, physical space, or campus location for, or on behalf of, a benefactor. Such naming recommendation shall normally be associated with the receipt of a significant monetary or property contribution, but the Board will also consider a combination of direct financial contribution and significant and selfless contributions of time, leadership or service in making the naming recognition.
The Board of Trustees reserves the right and authority to rename or redesignate a given room, physical space, or campus location if warranted and justified.