Foundation Board Policies
Members of the Board of Directors for the University of Northern Colorado Foundation are fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical and legal governance and financial management policies such as the policies represented below. It is within the authority of the Board of Directors to change these policies at any time.
The Foundation Board of Directors has established the endowment policy to document the process, rates and amounts related to endowment minimum, endowment earnings allocations, foundation management fees, distributions and unspent distribution amounts for endowments held by the UNC Foundation.
Gift Acceptance Policy
The gift acceptance policy is designed to outline the gift acceptance policies of the University of Northern Colorado Foundation (Foundation). The Foundation was founded to accept and manage gifts for the benefit of the University of Northern Colorado and in all gift arrangements, the interests and wishes of the donor will take priority.
Investment Policy Statement
The Foundation Board of Directors establishes the Investment Policy Statement to provide objectives, guidelines and restrictions for the management of the Foundation’s investment portfolio. This governing policy defines how the investment portfolio is to be managed and has been formulated based upon consideration of the financial implications of a wide range of polices and describes the prudent investment process that the Board deems appropriate.
Donor Bill of Rights
The Donor Bill of Rights was created by leading associations in the field of philanthropy and has been endorsed by numerous organizations including the UNC Foundation. The Donor Bill of Rights states: “Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support…” all donors have these rights.