SACS at RBC: Comprehensive Standard 3.2.12

						•
						•
						•
						•

Certification Index \| Core Requirements \| Comprehensive Standards \| Federal Requirements \| Supporting Documentation Alphabetically \| Supporting Documentation by Section

Section III: Comprehensive Standard

3.2.12 The institution’s chief executive officer controls the institution’s fund-raising activities exclusive of institution-related foundations that are independent and separately incorporated. (Fund-raising Activities)

JUDGMENT OF COMPLIANCE

√ Compliance Partial compliance Non-compliance

NARRATIVE

While fund-raising is not specified by the Board of Visitors Bylaws, it is implied in the statement relating to maintaining the fiscal integrity of the College. The President of the College has the ultimate responsibility for the fiscal affairs of the College. This authorization and responsibility is found in Article II, Section 1 of the Board of Visitors of the College of William and Mary Bylaws 2007, which states, “The President is accountable to the Board for the administrative, fiscal and program performance of the College.” The Bylaws further state that the President shall be assisted by a Director of Institutional Advancement. The organization chart of the College shows the Director of Institutional Advancement reporting directly to the President.

At Richard Bland College all fund-raising is conducted through the Richard Bland College Foundation, an independent and separately incorporated foundation. A “Memorandum of Understanding,” signed April 24, 1997, describes the fiscal and operating relationship between the College and the Foundation.

The President of the College is also responsible, in consultation with the Director of Administration and Finance, and the Provost and Dean of Faculty, for any grants proposed or received by members of the staff and faculty.

SUPPORT DOCUMENTATION

SOURCE	LOCATION/Special Instructions
The College of William and Mary Board of Visitors Bylaws 2007, Article II, Section 1	Document only available to SACS reviewers.
The College of William and Mary Board of Visitors Bylaws 2007, Article II, Section 9	Document only available to SACS reviewers.
RBC Organization Chart	Document only available to SACS reviewers.
“Memorandum of Understanding Between RBC and the RBC Foundation”	Document only available to SACS reviewers.

Page updated February 8, 2008 | Questions or comments? Email sacsparc@rbc.edu