Subject: State of Relationship: Montgomery County Community College Foundation and Montgomery County Community College

Number: 5.9

Date: June 2025

Supersedes: October 2022, May 2005

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Purpose

The College and the Foundation are fully committed to advancing the mission of the College. The purpose of this policy is to define the role of the Foundation in the achievement of the College’s mission which now is limited to the prudent management of gifts, funds and property within the Foundation's control and consistent with its fiduciary duties. 

Policy

The purpose of the Montgomery County Community College Foundation, Inc. is to be exclusively for the purpose of providing support and assistance to Montgomery County Community College (College) necessary to carry out the educational mission and functions of the College. 

The Foundation is to carry out this purpose by holding, investing and administering gifts of funds and property currently within the Foundation's control and making expenditures to, or for the benefit of, the College, faculty, and students, and is to exercise such powers as are set forth in its Articles of Incorporation (Articles) filed with the Secretary of State of the Commonwealth of Pennsylvania and which may be amended from time to time.

The Foundation is to undergo an annual audit of the fiscal status by an independent public accountant that provides sufficient detail to allow the College and governing boards to ascertain the purpose of expenditures, assuring that funds are credited and allocated in accordance with donor instructions. The result of this audit must be of sufficient excellence to be placed alongside that of the College without disclaimer.

The Foundation may only use the College's name, logos, and other indentifying marks, or any other name, logo or mark confusingly similar thereto, whether online, in print, or in any other forum, location or media with the express written permission of the College's president. Any unauthorized use of the College's name, logo, or mark will be deemed trademark infringement and the College reserves the right to take such action as may be appropriate to terminate any such use. 

Notwithstanding anything contained herein to the contrary, any inconsistency with the 501 (c) (3) designation or the Foundation Bylaws shall be controlled by the Bylaws and the I.R.S. designation as opposed to this policy.