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To clarify the legal control and operating authority for the two foundations (Craven Community College Foundation and Public Radio East Foundation), the Craven Community College Board of Trustees passed Memoranda of Understanding for both foundations at its July 18, 2006 meeting. The Memorandum of Understanding with the college foundation was confirmed by the Craven Community College Foundation Board at its August 1, 2006 called meeting. The Memorandum of Understanding with the Public Radio East Foundation Board was confirmed at the PRE Foundation's August 10, 2006 called meeting.
Each Memoranda of Understanding lays out the duties of the respective Foundations and the duties of the College. The Memoranda of Understanding also address cooperation, indemnification, independent entities, term, successors and assigns, and modifications, waivers, and amendments.
Also at its July 18, 2006 meeting, the Craven Community College Board of Trustees passed a Donations and Gift Receipt Policy. The Donation and Gift Receipt Policy requires all donations of money or gifts of personal property to be reviewed by the Executive Director of Development and Outreach Programs and the President, and places full authority for accepting or declining a donation with the President. The Donations and Gift Receipt Policy also outlines conditions for acceptance of gifts of real property, and indicates that no gift of real property may be accepted by the College or one of its Foundations without the approval or concurrence of the Craven Community College Board of Trustees.
The policies explicated by the Craven Community College Board of Trustees in their Donations and Gift Receipt Policy were confirmed by the boards of each of the two foundations in the form of a Joint Donations and Gift Receipt Policy applicable to both the Craven Community College Foundation and the Public Radio East Foundation. The Joint Donations and Gift Receipt Policy was confirmed by the Craven Community College Foundation Board at its August 1, 2006 meeting and by the Public Radio East Foundation Board at its August 10, 2006 called meeting.
Regarding the agreement with the sheriff referenced by the Off-Site Review Committee, the agreement was attached to Comprehensive Standard 3.2.2.3 and was interpreted by the Off-Site Committee as an agreement between the Craven Community College Foundation Board and the sheriff. The agreement is between Craven Community College and the Sherriff's Department, and consequently there is no role of either college foundation in this relationship. The agreement was cited in 3.2.2.3 as an example of the president's authority in regard to auxiliary enterprises.
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