A new report from the Wilmington Trust provides a summary of ways that community colleges can maximize the benefits of having separate foundations:

Fundraising:

• Diversity fundraising plans
• Review planned giving and have a legacy society
• Institute a strategic technology and donor communications plans
• Engage college leadership in fundraising

Endowment investment:

• Set an endowment goal and review and compare on a regular basis
• Diversify in all ways and watch how your cash reserve
• Consider a total return spending policy
• Be vigilant on your spending rate