Pennsylvania'S State System of Higher Education Foundation

“The board members all receive a notification that a draft copy of the 990 form is available for review for a 30 day period at the foundation's office. In addition, any board member may request that a copy of the draft 990 be mailed or emailed to them for their review. After the 30 day review period, the foundation will make any necessary changes or edits to the 990 form and file it before the due date.”

“Board members are currently required to complete a conflict of interest form annually, and to inform the foundation if an interest that could cause a conflict subsequently occurs. If a conflict is identified, the ceo confers with the executive committee to attempt to resolve the conflict. The board has been considering the implementation of any annual conflict of interest declaration.”

“The foundation executive committee reviews comparable salaries for other simlar pa state university foundations when determining the compensation for the foundation's president/ceo. However, the final compensation determination has not been contemporaneously documented in the board minutes to date.”

“All documents that must be made available to the general public are made available upon written request. Other governing documents are generally not made available to the public.”

“The foundation maintains programs that award scholarships annually that are need-based, industry focused, and academically competitive to students attending the 14 universities of the pennsylvania state system of higher education. A total of ____ scholarships were given during the 2020-21 fiscal year. Employers from the top "in demand" industries are key investors in the foundation's scholarship program. These scholarships improved retention and graduation rates, which incorporate timely progress to graduation. The system's current four-year graduation rate of undergraduate students is ____%; the six-year graduation rate is _____%. The system far surpasses its national peer institutions on these measures. The passhe foundation's scholarship program aims to reduce cost burden on students by both reducing number of years to graduate and improving graduates' earning potential. It also reduces graduates' student loan debt burden and improves connections for internships and employment.”

“The foundation helps to identify and acquire resources, through sponsorships and other funding streams, for institution specific, system- wide and multi-university collaborative programs. During the 2020-21 year: funds were disbursed in support of the woodrow wilson foundation teaching fellowship; career coach (system-wide solution for taking students successfully from graduation to occupation); sbirt via a grant from pccd (electronic and in-person resource for early intervention drug and alcohol counseling for students); student leadership (pde grant for cheyney university to host a conference for all students in the state system and beyond pa); student business plan competition; washington center internship program; workforce development projects and student affordability and success programs.”

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