- The College will actively pursue and secure external funding from multiple sources in order to advance ACC institutional priorities.
The College shall maintain an effective, multi-faceted system of resource development in support of its mission. Resource development agreements require Board approval if they require substantial supporting resources from College funds, are conditional on a specific benefit to the donor, or would limit a section of the College to an exclusive vendor.
The Austin Community College Foundation is recognized as a private organization that exists to further the mission of the College. The best interests of the College are thus served by providing appropriate resources and cooperation to the Foundation, on the condition that the activities of the Foundation are conducted in accord with the terms of its Memorandum of Agreement with the College, with its resources used solely to benefit the College and its students. Changes in the Memorandum of Agreement require the approval of both Boards.
An annual report shall be provided to the Board on the nature and results of College resource-development activities. This report shall include comparisons to the performance of other institutions and shall set targets for following years.
The Austin Community College Board of Trustees adopted this policy on June 2, 1997, and generalized it on October 4, 1999. Amended October 6, 2008. Note: This policy was renumbered from E-7 to E-5 in August 2009 due to resequencing of board policies.