Maximize Your Board's Capacity & Impact Workshop-MOU Example 2 (CCAF)

MOU Example 2 (CCAF)

Pdf Summary

The Memorandum of Understanding (MOU) outlines a formal agreement between the State of Colorado's Department of Higher Education, State Board for Community Colleges, Occupational Education for the benefit of Community College of Aurora (the College), and the Community College of Aurora Foundation (the Foundation). The purpose of this agreement is to delineate the roles, responsibilities, and collaborative efforts between the College and the Foundation to support the College’s growth and development through fundraising, management of resources, and other mutually agreed initiatives.

Key points include:

1. <strong>Term and Renewal</strong>: The agreement's initial term is set from July 1, 2024, to June 30, 2025, with automatic renewals for up to three years upon mutual consent.

2. <strong>College's Obligations</strong>: The College will communicate its strategic priorities to the Foundation, manage transferred funds responsibly, facilitate regular meetings with Foundation leadership, and provide various support services, potentially including office space and resources.

3. <strong>Foundation's Obligations</strong>: The Foundation is tasked with raising funds, supporting the College’s mission, maintaining financial independence, and adhering to gift acceptance policies. It will engage in administrative duties, fundraising, and asset management fund operations compliant with state and federal laws.

4. <strong>Personnel and Financial Management</strong>: Clarifications on personnel management, including salary responsibilities, and processes surrounding financial management and audits.

5. <strong>Confidentiality</strong>: Both parties agree to share necessary information to meet obligations and protect sensitive data in compliance with relevant privacy laws, such as FERPA.

6. <strong>Dispute Resolution</strong>: Protocols for resolving disputes through dialogue between College and Foundation leaders, possibly involving the Colorado Community College System Chancellor.

7. <strong>Termination and Survival</strong>: Either party can terminate the agreement with 90 days’ notice, and specific terms will persist post-termination to enable unmatched obligations.

8. <strong>Miscellaneous Provisions</strong>: These include compliance with Colorado law, non-discrimination policies, notice requirements, modifications of the agreement, and insurance responsibilities.

The MOU ultimately ensures synergy in advancing the College’s mission through structured collaboration and resource management between the College and its Foundation.

Keywords

Memorandum of Understanding

Community College of Aurora

fundraising

resource management

strategic priorities

financial independence

dispute resolution

confidentiality

termination

collaboration