1700 COLLEGE-FOUNDATION RELATIONSHIP REGARDING DONATIONS AND FUND-RAISING
Original Date: 5/4/1994 * Last Revision Effective: 5/21/2009
Policy Contact: Vice President, Vice President, Administrative Services
Bellevue College Foundation is the not-for-profit 501(c) (3) support organization for Bellevue College. It is the mission of the foundation to develop and manage financial and in-kind resources to support excellence in current and future educational programs of Bellevue College by building long-term relations with all elements of the community.
To that end, this policy is intended to clarify college and state rules concerning the collection and deposit of revenue by Bellevue College and/or the Bellevue College Foundation through donations, fund-raising and gift-giving.
Because the foundation has a contract with the college to solicit gifts for the benefit of the college, Bellevue College employees may, upon consultation with and approval from the foundation office, solicit funds for the foundation on behalf of the college. The ownership of these gifts lies with the foundation.
Ownership of any donation (cash, equipment, or other) either to the college or the foundation is determined by the intent of the donor. It is recommended that the donor’s intent be clearly identified in writing at the time of the donation.
If a donor makes a gift to the college, the ownership of that gift lies with the college and may not subsequently be transferred to the foundation, since such transfer would be contradictory to the donor’s intent.
Any question as to the appropriate depository of donations or receipts from fund-raising activities will be directed to the vice president of administrative services or his/her designee for resolution.
RELEVANT LAWS AND OTHER RESOURCES
- Bellevue College Procedure #1700P College-Foundation Relationship Regarding Donations and Fund-Raising
Revisions 3/22/2005; 5/21/2009