York College Foundation
To support and advance the activities and mission of York College in the pursuit of excellence in its academic, cultural, research and public service programs, and to promote and encourage interest and support for those programs and activities by members of the college and local community and alumni, as well as to serve as a medium for encouraging fuller understanding of the aims and functions of the College.
Established in 1989, the York College Foundation is a not-for-profit educational foundation chartered by the Department of Education of the State of New York and recognized as a federally tax-exempt organization. The Foundation receives gifts which are restricted primarily to student scholarships, and it also receives grants which support academic programs or provide emergency aid (grants) to students experiencing severe hardship who are at high risk of dropping out. The Foundation is governed by a board of trustees (https://www.york.cuny.edu/ia/foundation-board/trustees) composed of prominent business, and intellectual leaders from Queens and the broader New York City region. The Foundation operates with a list of member responsibilities, bylaws, and a formal charter. The management of the Foundation consists of the following committees: Board Development/Nominating, Finance and Audit, and Advancement. The CUNY Board of Trustees recently approved new operating guidelines for all Foundations supporting CUNY colleges. Those guidelines were presented to the York College Foundation at its December 2017 meeting.
Goals: 2018 Fiscal Year
Preserve and enhance the real purchasing power of donations and provide the College with a stable and growing source of income. To that end, the following goals have been established
- Established an investment policy;
- Established a spending (distribution) rate;
- Achieve within acceptable risk levels an average total return that meets or exceeds the sums of the Foundation spending (distribution) rate, the inflation rate, and investment management and related fees over a long period of time;
- Scholarship support: $98,000
- Program initiatives: $150,000