In recognizing the South Puget Sound Community College Foundation (Foundation) as a separate, nonprofit corporation, the Board of Trustees is both supportive and appreciative of the Foundation's role in assisting the College. The Board understands that the primary mission of the Foundation is to obtain financial and other direct support and benefit for the College as set forth in the Foundation's Articles of Incorporation. The relationship between the Board of Trustees and the Foundation is further defined by the terms of the current "Agreement between South Puget Sound Community College and South Puget Sound Community College Foundation," Administration Policy 102, and Administration Policy 103 and related procedure.
The Chair of the Board of Trustees will appoint a Trustee Liaison to the Foundation Board of Directors. The Board of Trustees Liaison will attend meetings of the Foundation Board of Directors and provide reports and updates to the Board of Trustees regarding Foundation business and activities that are relevant to the relationship between the Board of Trustees and the Foundation, as set forth in the policies and agreement referenced herein. The College President represents and provides oversight over the College's interest as a member of the Foundation Board of Directors and will keep the Board of Trustees fully informed of significant matters involving the Foundation.
The Board of Trustees recognizes the importance of the "Agreement between the South Puget Sound Community College and South Puget Sound Community College Foundation" and will perform a regular review of the terms of the agreement at least every three years, or as often as needed. The Foundation will provide the Board of Trustees with a financial and activities report at least once a year during one of the Board's regularly scheduled meetings.