FINANCIAL_SERVICESAPPROVED

College of Charleston Board of Trustees Meeting Minutes January 2025

Board Approves Multi‑Year Agreement With Foundation

College Of CharlestonCOLLEGE OF CHARLESTON FOUNDATIONJanuary 16, 2025

Trusted by teams at

Description

The Board of Trustees approved a multi‑year agreement with the College of Charleston Foundation to govern fundraising, investment management, and financial support to the College, including treatment of unrestricted earnings and reserve funds. The agreement runs from July 1, 2024 through June 30, 2027 with automatic annual renewals, and formalizes operational and governance roles between the College and the Foundation.

Contract Details

Vendor

COLLEGE OF CHARLESTON FOUNDATION

Agency

College Of Charleston, SC

Contract Type

FINANCIAL_SERVICES

Document Date

January 16, 2025

Contract Term

July 1, 2024 – June 30, 2027, with automatic 12‑month renewals

Renewal Date

2027-06-30

Renewal Info

Initial 36‑month term from 2024-07-01 to 2027-06-30; automatically renews for additional 12‑month periods unless either party gives at least 60 days’ written notice prior to term expiration.

More from COLLEGE OF CHARLESTON FOUNDATION