Foundation Policies

Mission The Colorado Mountain College Foundation (Foundation) builds sustainable community support for the needs and strategic priorities of Colorado Mountain College (College) and its students. Purpose of the Policy This Fundraising Code of Conduct Policy articulates the ethics and values all individuals fundraising on behalf of the Foundation agree to uphold. This code applies to the Foundation Board of Directors, Foundation staff, contractual fundraisers and volunteers. The purpose of the code of conduct is to observe and promote the highest standards of personal and professional conduct to enhance the integrity of the Foundation and promote the utmost donor confidence. This policy is based on the code of ethics developed by the Association of Fundraising Professionals and Council for the Advancement and Support of Education. Code of Conduct The Foundation is dedicated to the highest standards of ethical conduct in its fundraising activities and business operations. Foundation Board members, staff, consultants and volunteers represent the integrity of both the Foundation and the College as well as the fundraising profession. Hence, those fundraising on behalf of the Foundation agree to uphold the highest personal and professional conduct and to abide by the College’s Policies and Procedures and the Foundation’s Code of Conduct as outlined below. In accordance with the standards set forth by the Association of Fundraising Professionals, the Foundation Board of Directors, Foundation staff, contractual fundraisers and volunteers: Shall not engage in activities that harm the Foundation. Shall not engage in activities that conflict with their fiduciary, ethical and legal obligations to the Foundation. Shall effectively disclose all potential and actual conflicts of interest; such disclosure does not preclude or imply ethical impropriety. Shall not exploit any relationship with a donor or prospective donor. Shall comply with all applicable local, state and federal civil and criminal laws. Shall recognize their individual… Read more: Code of Conduct Policy

Mission The Colorado Mountain College Foundation (Foundation) builds sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. Purpose of the Policy The Colorado Mountain College Foundation, Inc. (Foundation) is a non-profit corporation organized under Section 501(c) (3) of the Internal Revenue Code (Code) and incorporated under Article 40, Title 7 of the Colorado Revised Statutes of 1973. The Foundation adopted, amended, and restated Articles of Incorporation May 23, 2006. The Foundation was established primarily to promote the welfare, development, growth, and being of Colorado Mountain Junior College District (College) but also to support affairs of its community. The Foundation’s fiscal year runs from July 1 through June 30. In carrying out its mission, the Foundation raises funds which it must administer, manage, and invest. Such funds may be contributed without restriction (unrestricted), with temporary restriction(s) (temporarily restricted) or with permanent restriction(s) (permanently restricted). The purpose of the Cash and Investment Policy Statement is to establish a clear understanding of 1) the nature of the Foundation’s financial assets and scope, 2) applicable laws, regulations, and principles, 3) the identity of the Foundation’s fiduciaries, delegation authority, responsibilities, 4) standards of conduct of fiduciaries, 5) investment objectives, philosophy, strategy, asset allocation, and tolerable risk, 6) investment vehicles, 7) spending policy, 8) rebalancing policy, 9) coordination of fiduciary responsibilities, 10) monitoring process, 11) policy review process, and 12) approval and effective date. I. Nature of Financial Assets and Scope The Foundation has unrestricted financial assets which may be used as its fiduciaries deem necessary including for operational costs; such funds are accumulated from administrative fees on contributions per the Foundation’s Administrative Fee Policy as amended February 18, 2021 and undesignated donor contributions. The Foundation also has temporarily restricted financial assets which it will utilize according to donor… Read more: Cash and Investment Policy

Mission The Colorado Mountain College Foundation (Foundation) builds sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. Purpose of the Policy As the facilities and programs of Colorado Mountain College (College) expand, the role of the Foundation is critical. Fundraising at the Foundation not only includes soliciting contributions, but also gift processing and accounting as well as donor stewardship. Hence, to recover a portion of the Foundation’s management costs, an administrative fee will be assessed for all gifts. The Foundation also serves as a Fiscal Agent for Government and Complex Grants the College receives, for which an administrative fee is required to ensure sound reporting and programmatic management. Definitions Fund Types Current Use Fund: a fund established to receive and expend gifts intended by the donor to be used for current purposes or programs; a fund that is not an endowment. Endowed Fund: a fund established to receive and invest gifts made by donors with a portion of the earnings used for restricted or unrestricted purposes. An endowed fund protects the gift in perpetuity by responsibly investing the principal (corpus) and distributing an annual payout realized from a portion of the investment income allowing the fund’s real value to increase over time. Gift Types Gift: the charitable and irrevocable transfer of money or property given voluntarily. Gifts may be designated for specific purposes and the donor may require reporting on the use of gifted funds, but they may not require returns be they financial, or real or intellectual property. Some gifts may receive naming recognition. Grant: A grant is essentially synonymous with a gift except that they come from a charitable foundation or corporation. Government Grant: A grant that is resourced via State or Federal funding. Gift-in-kind: the charitable and irrevocable transfer of… Read more: Administrative Fee Policy