3.2.12 Fund-raising Activities

Comprehensive Standard 3.2.12.: Fund-raising Activities

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

Compliance Partial Compliance Non-compliance

NARRATIVE

The Regional Chancellor of the University of South Florida Sarasota-Manatee (USF Sarasota-Manatee) has ultimate control of fund-raising activities for the institution. The USF System President (President’s Contract) delegated this duty in the Letter of Offer of September 26, 2014, to the Regional Chancellor.

The USF Foundation is a private, not-for-profit corporation, that serves as the legal entity for receipt, investment, and distribution of all private gifts made to USF Sarasota-Manatee. The USF Foundation is a direct support organization (DSO) as defined and regulated by Florida Statute 1004.28, BOG Regulation 1.001, Sections 6(d)(h), 7(a), and 8(b), USF Policy 0-288, and USF Regulation 13.002, and BOG Regulation 9.011. In all its fundraising activities, the Foundation adheres to the CASE Code of Ethics established by the Council for Advancement and Support of Education (CASE).

The USF Foundation and USF Sarasota-Manatee work together to increase private philanthropic support for USF Sarasota-Manatee as part of the USF System. The USF Sarasota-Manatee/USF Foundation Memorandum of Understanding between USF Sarasota-Manatee and the USF Foundation specifies that the USF Foundation is the legal conduit for the solicitation, acceptance, investment, and distribution of all private gifts made to the USF System. It engages in development, investment, and fund administration activities for USF Sarasota-Manatee, as well as provides administrative and other services. In support of the relationship with the USF Foundation, USF Sarasota-Manatee cooperates in prospect management, solicitation, stewardship, and other activities necessary for a successful development program.

The fundraising activities associated with the Foundation, as stated in Florida Statute 1004.28, must be “consistent with the goals of the university,” a portion of statute reinforced by USF System Policy 0-228, which states that fundraising activities and proceeds are in support of “activities and programs related directly to the mission, role and scope of the University of South Florida System.”  Therefore, the Foundation’s fundraising activities are focused on providing support for the fulfillment of the University’s current mission to provide “high quality bachelor’s and graduate‐level education and scholarly activity in a personalized learning community that prepares successful leaders and responsible citizens.”  This focus is expressed through the USF Sarasota-Manatee Areas of Support designated in the Foundation’s Unstoppable Campaign.

In accordance with the Bylaws of the USF Foundation and Florida Statute 1004.28 (3), the USF System President is an ex officio member of the USF Foundation Board and a member of its Executive and Governance Committee. The Vice President for University Advancement for the USF System, who reports directly to the USF System President, serves as Chief Executive Officer of the USF Foundation. USF System faculty or staff may not solicit or request funds prior to receiving the approval of the Senior Vice President of Advancement or designee in accordance with USF System Policy 0-216. The Senior Vice President for Advancement is responsible for the recruitment, hiring, training, managing, and dismissal of all employees performing fundraising duties at the USF System institutions, including USF Sarasota-Manatee. Section 3 of the Foundation Bylaws also specifies that the Regional Chancellor, USF Sarasota-Manatee’s chief executive officer (CEO), serves as a member of the USF Foundation Board. The Regional Vice Chancellor for Advancement, who reports directly to USF Sarasota-Manatee’s Regional Chancellor, provides the day-to-day oversight of USF Sarasota-Manatee’s fund-raising activities.

 

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