Assignment 4B Coursework Example | Topics and Well Written Essays - 250 words

Assignment 4B - Coursework Example Foundations enable community schools to establish a board of directors (BOD) with a particular focus on raising funds for the school rather than the operation of the college. The members can turn out to be crucial donors for the college. The foundations manage alumni relation, solicit gifts and also drive scholarship programs and special events. Foundations also maintain focus, market colleges, create donor choice, and invest endowment funds. The separate foundations also establish management structure for investment portfolio of college, brand the colleges and create a separate fund pool and limit liability. They also separate finances for community colleges (Bers, Head & Palmer, 2014). The approach used by philanthropy, particularly private foundations, to assess community college financial health is appropriate. Community college leaders must work towards ensuring fiscal viability for their colleges. As such, performance-based funding is a critical way of ensuring that the colleges remain sustainable and that they do not over rely on tuition fees. Colleges need financial advice to succeed (Barr & McClellan, 2011). It thus remains important to assess the effectiveness of colleges both on the dimension of education and fiscal performance. The approach by philanthropy and private foundations ensures accountability on part of the colleges amidst numerous financial challenges that they