[custom_adv]
The foundation board of trustees (or board of directors) is a related but separate nonprofit organization in public institutions. The foundation’s assets support a specific university or college, but the assets are not legally owned by the state, nor are they required to adhere to the same policies applicable to state funds. The foundation oversees investments, asset management, compliance, policies and budgets related to charitable giving. The members assist in fundraising efforts by making contributions and securing resources from others.
