|
|
A former Adrian College trustee has given $20 million to the college through his estate. It is the largest gift in the school’s history. The gift comes from the estate of Willard M. Cornelius Sr., who was a trustee on the college’s board from 1931 to 1948, according to a news release from the college. [...]
Do you have a succession plan? A recent Chronicle of Higher Education article highlighted the number of presidential turnovers that will occur relatively soon at major institutions. It is not just the president’s departure that causes issues for fundraising across the non-profit community, but board member and development professional departures as well. This is exacerbated [...]
The state’s top cop for charities, Attorney General Martha Coakley, yesterday asked legislators to help her quash out-of-control executive compensation by prohibiting nonprofits from paying their directors.“Unjustifiable compensation of charitable …
Why do we need you?That’s what anybody recruiting a board member should address before making a pitch. But nearly nobody does.Most people neglect to say which skills matter and instead assure potential board members that the job won’t be much work….
When James Buchanan Duke signed his name to the document that would create the Duke Endowment in 1924, the tobacco and hydroelectric-power tycoon gave clear instructions that are still followed nearly 90 years later. The fund continues to have 15 trust…
The law may not require that the Cape Cod Museum of Art return an unhappy donor’s $250,000, but experts warn that loss of good will could also be costly.The museum’s board of trustees is awaiting a legal opinion on whether it must return the $250,000 a…
The trustees of the revived Antioch College are pledging to provide $9 million over the next three years to help finance the college’s operating costs, Board Chair Lee Morgan announced late Friday. The school closed in 2007 amid financial problems but …
A longtime University of South Carolina benefactor who was removed from the institution’s board of trustees by the state’s governor this month pledged $5-million Thursday toward a planned aerospace center at the university. Darla Moore, a Wall Stre…
It is planning time! In many development shops leaders have accelerated planning to get a jump on the fiscal year, but for most, annual planning takes place around the turn of the year. The prevalence of the exercise we know as planning suggests that it is beneficial, yet the groans that greet the announcement of a planning process suggest that many are not convinced of its value or are unsure how go about it. How can we determine what makes for good planning?
The May 11, 2007 edition of the Chronicle of Higher Education features a special report on the results of a survey of college and university trustees. This includes two articles written by Jeffrey Selingo that highlight the importance of the recruitment and orientation process for boards. These articles are an opportunity to open another round of discussions at the president’s executive staff level or with the development committee of the board. We suggest three steps for senior advancement officers to consider.
