ISU Board OKs Foundation Tweaks
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlans to restructure the Indiana State University Foundation are moving forward. The Indiana State University Board of Trustees has approved a plan it says will remove some "operational complexity" and allow it to better align with the needs of the school.
The foundation will remain an "institutionally-related," but separate organization from ISU. Plans call for foundation President Ron Carpenter to become vice president for university development. His duties under the new role will include CEO of the foundation. He will report directly to ISU President Dan Bradley and oversee functions such as fundraising, receipt of donations, alumni and donor record maintenance and all record-keeping of the foundation.
ISU Board Chair David Campbell said "for the past 10 years, the foundation has operated as a completely separate entity, which has added a lot of operational complexity to the foundation’s plate and diluted the time, energy and resources which could be utilized to build private support for the university. This move will provide a stronger focus on fundraising while streamlining operations and cutting overall operational costs. Both of these are a significant part of our strategic goal of improving cost-effectiveness, while expanding revenues and maintaining affordability."
All foundation employees will become university employees, though some jobs may eventually be eliminated through attrition.
Carpenter said "this is an opportunity to bring much sharper focus on our goals and allows our entire development team to concentrate on raising private dollars for the university. Indiana State has had great success in advancing the goals of ‘The Pathway to Success’ strategic plan. The board of trustees and the foundation board of directors want the university and the foundation to be well-positioned to capitalize on the amazing success we have experienced under President Dan Bradley’s leadership as we begin implementing the new strategic plan, which was launched earlier this month."
During its meeting last week, the ISU board also approved several other measures.