Governance

The Development Foundation was originally formed as the Southwest Texas State University Development Foundation on November 9, 1977. It is governed by an elected Board of Directors. The Foundation uses a committee structure to conduct routine business.

Audit Committee

An Audit Committee serves as the liaison to the foundation’s independent auditor. The Committee meets with the auditor to determine if current financial information is in compliance with Generally Accepted Accounting Principle (GAAP).

Executive Committee

The Executive Committee is composed of the Board Chair, Vice Chair and chairs of Steering Committee and the immediate past chair of the Board. The Executive Committee is charged with the overall management of the organization.

Finance Committee

The Finance Committee is charged with examining financial performance and fund stewardship.

Gift Acceptance Committee

The Gift Acceptance Committee is charged with reviewing gifts and making recommendations regarding acceptance.

Governance Committee

The Governance Committee is charged with reviewing the operating structure and Bylaws of the Foundation.

Investment Committee

The Investment Committee is a sub-committee of the Finance Committee.

It is the Investment Committee that is charged with monitoring the investment performance of the foundation’s portfolio. It meets with the investment consultant on a quarterly basis to review and discuss portfolio performance.

Nominating Committee

The Nominating Committee is charged with developing recommendations for new board members. The Board of Directors reviews the Nominating Committee’s recommendations and makes final decisions regarding new board appointments.

Bylaws
Board of Directors
Development Foundation Staff
Audit Reports
990 Returns
IRS Determination Letter
Articles of Incorporation




	Governance The Development Foundation was originally formed as the Southwest Texas State University Development Foundation on November 9, 1977. It is governed by an elected Board of Directors. The Foundation uses a committee structure to conduct routine business. Audit Committee An Audit Committee serves as the liaison to the foundation’s independent auditor. The Committee meets with the auditor to determine if current financial information is in compliance with Generally Accepted Accounting Principle (GAAP). Executive Committee The Executive Committee is composed of the Board Chair, Vice Chair and chairs of Steering Committee and the immediate past chair of the Board. The Executive Committee is charged with the overall management of the organization. Finance Committee The Finance Committee is charged with examining financial performance and fund stewardship. Gift Acceptance Committee The Gift Acceptance Committee is charged with reviewing gifts and making recommendations regarding acceptance. Governance Committee The Governance Committee is charged with reviewing the operating structure and Bylaws of the Foundation. Investment Committee The Investment Committee is a sub-committee of the Finance Committee. It is the Investment Committee that is charged with monitoring the investment performance of the foundation’s portfolio. It meets with the investment consultant on a quarterly basis to review and discuss portfolio performance. Nominating Committee The Nominating Committee is charged with developing recommendations for new board members. The Board of Directors reviews the Nominating Committee’s recommendations and makes final decisions regarding new board appointments. Bylaws Board of Directors Development Foundation Staff Audit Reports 990 Returns IRS Determination Letter Articles of Incorporation

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