Expense Reimbursement Policy
The Foundation has a fiduciary responsibility to ensure that all expenditures comply with donor imposed restrictions, do not jeopardize the financial or tax-exempt status of the Foundation, and are prudent uses of the resources of the Foundation.
The College of Charleston Foundation is a non-profit corporation that operates within the provisions of Sections 501(c)(3), and 509(a)(3) of the Internal Revenue Code of 1986, as amended. The mission of the College of Charleston Foundation (Foundation) is to support the College of Charleston (College) in all of its educational, research, instructional, scientific, literary, service, charitable, and outreach endeavors.
The Foundation is committed to lawful and ethical behavior in all of its activities and requires that its directors, employees, and consultants conduct themselves in a manner that complies with all applicable laws and policies. The Foundation has a fiduciary responsibility for protecting its resources and spending its funds in accordance with the gift agreements signed by donors.
