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3.2.12 The institution’s chief executive officer controls the institution’s fund-raising activities exclusive of institution-related foundations that are independent and separately incorporated. (Fund-raising activities)
Summary
This comprehensive standard referring to fund-raising and foundations controlled by the college does not apply to Fayetteville Technical Community College (FTCC) (See Comprehensive Standard 3.2.13.)
Narrative
The FTCC Foundation, Inc., is an independent, separately controlled foundation. It is a corporate entity distinct and separate from the Board of Trustees of FTCC. It was confirmed as a 501(c)(3) nonprofit organization in 1988. This is the only private, non-profit entity associated with the college. The foundation has its own Mission Statement.
Supporting Documentation
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NC 28303
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