Because the annual fund is broad-based and occurs regularly, it connects your school with the widest possible group of donors in your community and works to instill in them the habit of giving. The annual fund also opens the opportunity to identify individuals who later might become primary supporters of your capital, endowment, and major gift programs.
The leader of the Board and the leader of your school are partners. One cannot function without the understanding, guidance, and respect of the other. It is, in fact, a marriage of sorts. And, like other marriages, it is subject to ups and downs, honeymoons and divorces. Obviously, the welfare of the school is critically dependent on this successful marriage.
The Buildings and Grounds Committee, charged with protecting the school’s campus and equipment, faces a complex situation if the school’s site is leased or rented. Any recommendations involving renovations, refurbishment, or expense must be approved by the property owner, lease committee, or other entity for which the bottom line may well outweigh the school’s best interests.
Directors & Officers insurance (also known as School Legal or Trustee Liability insurance) may be the most critical insurance and protection for your school. Damages sought under D&O insurance can range anywhere from a nuisance claim to one seeking millions of dollars in compensation. This may include a request for punitive damages if the action in question is considered egregious enough—especially if the school knew of a wrong action that was occurring and did nothing to stop it.
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