Compliance Audit Report Index
    

 


An institution-related foundation, not controlled by the institution, has a contractual or other formal agreement that

(a) accurately describes the relationship between the institution and the foundation, and
(b) describes any liability associated with that relationship.

In all cases, the institution ensures that the relationship is consistent with its mission.

 

 
 


Southeastern is in compliance with Governance and Administration Comprehensive Standard 3.2.13.

 

 
 


Southeastern Louisiana University has formed relationships with two institution-related foundations: the Southeastern Development Foundation and the Southeastern Athletics Association. As described below, both relationships are governed by an affiliation agreement and bylaws that are consistent with Southeastern's mission. The relationship between the University and the Southeastern Development Foundation is also governed by the University of Louisiana System's Policy on University Foundations. This document, adopted in the spring of 2001, outlines the expectations between the universities and their foundations.

Southeastern Development Foundation
Southeastern Louisiana University and the Southeastern Development Foundation, a non-profit 501(c)(3) corporation created solely for the support of the University, have entered into an Affiliation Agreement that clearly documents the relationship and responsibilities of these organizations. This agreement was executed on September 3, 1999 and shall continue in full force and effect until terminated by 120 days written notice by either party or by operating law. The Affiliation Agreement clearly states that the Southeastern Development Foundation agrees to perform services consistent with the University mission.

The Affiliation Agreement and the Policy on University Foundations both outline the liability associated with the relationship. Should any substantial misuse of funds or fraudulent activities on the part of Southeastern Development Foundation be discovered, the University may, at its discretion, terminate this agreement. In such case, the organization shall be prohibited from using the University's name to solicit donations or for any other purpose and shall not in any way represent to alumni, contributors, and the general public that said organization is affiliated with the University.

Southeastern Athletics Association
The Board of Supervisors for the University of Louisiana System approved the Affiliation Agreement between Southeastern Louisiana University and the Southeastern Athletics Association. (This agreement is very similar to the agreement between the University and the Southeastern Development Foundation.) The duties and responsibilities of the University and the Association are outlined in the Affiliation Agreement. The agreement states that the Southeastern Athletics Association's primary objective shall be to provide support to the University intercollegiate athletic program and therefore, the Southeastern Athletics Association shall not engage in activities contrary to this objective. The document also states that the Southeastern Athletics Association agrees to perform services consistent with the University's mission generally and the purposes set forth in the agreement.

The Affiliation Agreement between the University and the Association will automatically renew on a yearly basis with the absence of written notice. Should any misuse of funds or fraudulent activity on the part of the Southeastern Athletics Association be discovered, the University may, at its discretion, terminate the agreement.

Consistency with University Mission
As stated above, the Affiliation Agreements and the Bylaws of the Southeastern Development Foundation and of the Southeastern Athletic Association ensure that their relationships are consistent with the mission of the University. (The Policy on University Foundations also makes certain that the mission of Southeastern Louisiana University and the mission of its related foundation, the Southeastern Development Foundation, are consistent.) An example of mission consistency can be seen in regard to the University's Vision 2005 Action Plan for 2004-2005. Strategy 6.2 states that the University will continue to develop a coordinated, comprehensive program of fund raising which will enhance the University's mission. The Action Plan steps for fiscal year 2004-2005 request that fund raising efforts be expanded into two new areas: the area of visual and performing arts and the area of deferred gifts and estate planning. The development office is in the quiet phase of the “The Campaign for the Visual and Performing Arts.” The three-year goal of the campaign is to raise $2,500,000. During the quiet phase of the campaign, the development office has already raised $1,650,000. The development office recently initiated a Planned Giving (Deferred Gifts) newsletter and designated one of the development officers as the Planned Giving officer. During the 2003-2004 academic year, the development office received over $5,000,000 in deferred gift commitments.


 
 
Document Location
University of Louisiana System, Policies and Procedures Memorandum FB-IV.-4, Policy on University Foundations

http://www.uls.state.la.us/site100-01/1001055/docs/fb-iv.(4)_policy_on_university_foundations.pdf

Local Copy:
http://www2.selu.edu/sacs/documents/ULSfb-iv.(4)_policy_on_university_foundations.pdf

Affiliation Agreement, Southeastern Louisiana University and Southeastern Development Foundation http://www2.selu.edu/documents/docs/affiliation_develop_found.pdf
Affiliation Agreement, Southeastern Louisiana University and Southeastern Athletics Association http://www2.selu.edu/documents/docs/affiliation_athletic_assoc.pdf
Vision 2005 Action Plan, Fiscal Year 2004-05 http://www2.selu.edu/documents/docs/vision2005action_plan_2004-05.pdf

 

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