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Foundation board rescinds restriction on board-led fundraising, members urge larger endowment focus
Summary
The board voted to rescind a prior restriction that limited the foundation's ability to solicit donations; members said expanding endowment fundraising (including approaching large corporate donors) could help buffer future budget cuts and avoid staff layoffs.
Board members voted to rescind an earlier restriction that had limited the foundation board’s role in fundraising. A member argued the foundation should actively pursue large corporate gifts to grow the endowment and reduce vulnerability to federal and state budget cuts.
One member said, "I think we could raise a lot of money," and urged a proactive approach to secure endowment gifts from corporate partners such as Blue Cross Blue Shield and Alabama Power. Other members said they would be willing to assist with outreach and that the foundation should consider adding fundraising strategy to its work plan. The motion to rescind the restriction passed in a roll-call vote recorded in the meeting.
