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3.2.13

Governance and Administration: Institution-related foundations
Any institution-related foundation not controlled by the institution has a contractual or other formal agreement that (1) accurately describes the relationship between the institution and the foundation, and (2) describes any liability associated with that relationship. In all cases, the institution ensures that the relationship is consistent with its mission.

Judgment
  Compliant      Non-Compliant      Not Applicable

Narrative

The College does not currently have any affiliated or institutional-related foundations which it does not control. The former foundations, including the Morehouse Torchbearers, the Morehouse Athletic Foundation and the Morehouse Foundation are no longer in existence.

The College does not intend to resurrect these entities; however, should it choose to do so, the College will ensure that there is a formal agreement with the foundation which accurately describes the relationship between the institution and the foundation and describes the liability associated with that relationship.

 
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