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Who signs Foundation checks?

  • 1.  Who signs Foundation checks?

    Posted 07-14-2020 11:19 AM

    I have a question for foundations that are support organizations for a university/college and where all employees (advancement/development) including the ED for the foundation are university/college employees.

     

    What position(s) with the foundation or university has the authority to approve and sign checks issued by the foundation?

     

    Thank you in advance for your response.

     

    Shelby Gould

    Executive Director, Donor Relations and COO 
    University Advancement / TWU Foundation

    940.898.3861 | office

    903.920.2415 | mobile

     

    Horizontal TWU logo in maroon and black

     

    PO Box 425618 | Denton, TX  76204-5618

     



  • 2.  RE: Who signs Foundation checks?

    Posted 07-14-2020 11:26 AM
    Hi Shelby,

    Only foundation Officers and a few other foundation trustees can sign checks..no university employees.

    Gerri Silveira
    University Advancement
    EOU Foundation
    541-962-3835


    Due to the effects of the COVID-19 pandemic, Eastern Oregon University has adjusted to remote access and has ultimately implemented a reduction to classified staff work hours. Your inquiry is very important to me and I will respond to you as quickly as possible. If you need immediate assistance, please contact University Advancement at 541-962-3740. Thank you for your understanding and patience as we move through these unprecedented times.







  • 3.  RE: Who signs Foundation checks?

    Posted 07-14-2020 11:46 AM
    The short answer is those individuals authorized in writing by the Foundation Board of directors to execute contracts and enter into financial arrangements.  These approvals/authorizations are commonly outlined in the Memorandum of Understanding between the Foundation and University.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987