POSITION GUIDE UNIVERSITY OF COLORADO FOUNDATION. President and Chief Executive Officer. Board of Directors, University of Colorado Foundation

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1 POSITION GUIDE ORGANIZATION: POSITION: REPORTS TO: LOCATION: UNIVERSITY OF COLORADO FOUNDATION President and Chief Executive Officer Board of Directors, University of Colorado Foundation Denver, Colorado PURPOSE The University of Colorado Foundation partners with the University of Colorado to manage private funding for the University s benefit and to support the University s fundraising efforts. This support enables the University to transform lives through education, research, clinical care, and community engagement. ABOUT THE FOUNDATION In 1967, a group of dedicated alumni and community leaders created the University of Colorado Foundation (Foundation) as a private nonprofit, 501c3 to raise private funding, to augment state funding, tuition, government grants and other revenue streams, which fund the University of Colorado (University). The Foundation currently manages $1.5 billion in assets for the benefit of the University, and distributed an aggregate of $125 million in support to the University in fiscal year in 2014 which ended on June 30, 2014 (FY 2014). The Foundation receives, documents and administers contributions and bequests from donors, invests the assets in a manner consistent with the purpose of the gift, and funds a wide variety of programs and activities across the University s four campuses. The Foundation is governed by a Board of sixteen Directors, with a strong Board committee structure. The day-to-day operations of the Foundation are managed by a staff of approximately twenty-five. During FY 2014, more than 70,000 gift and pledge transactions were processed. There are over 2,500 current fund accounts and the Foundation s endowment includes approximately 2,100

2 separate accounts. In the fiscal year that ended on June 30, 2014, the University was the beneficiary of a record $298 million in private support, $154 million of which was donated through the Foundation. The Foundation outsources the management of its investment assets. The Foundation s Investment Policy Committee establishes the policy parameters, within which the asset manager operates. With assistance of an outside consultant, the Committee monitors the asset manager s performance and annually decides whether to renew the contract or consider alternative managers. The Foundation s operations are funded from fees earned on assets under management. The majority of the Foundation s revenue is directed to support the fundraising operations of the University. In 2013, fundraising activities were transferred to the University to streamline fund development operations and increase the accountability of University leaders and fundraisers for funding outcomes. As part of this redefinition of the Foundation s mission, approximately 175 fundraising and support personnel were transferred to the University. In 2014, the realignment of roles, systems and operations continues to assure the success of the long-term private fundraising goals. ABOUT THE UNIVERSITY OF COLORADO The University of Colorado is a public research university with multiple campuses serving Colorado, the nation and the world through leadership in high-quality education and professional training, public service, advancing research and knowledge, and state-of-the-art health care. Each campus has a distinct role and mission as provided by Colorado law. The University of Colorado is governed by an elected Board of Regents. The Colorado Constitution vests the Board of Regents with the general supervision of the University. Colorado s General Assembly has recognized the authority of the Board of Regents to enact laws for the government of the University. The Board of Regents is charged with electing a president of the university. The Board of Regents has elected the current president, Bruce Benson, and vested him with the authority to manage the University of Colorado operations. The University of Colorado consists of three institutions: University of Colorado Boulder University of Colorado Colorado Springs University of Colorado Denver. CU Denver consists of two distinct campuses - the Denver Campus and the Anschutz Medical Campus. 2

3 Each of the institutions is governed by a chancellor who is the academic and administrative officer responsible to the president for the conduct of the affairs of their respective campus in accordance with the policies of the Board of Regents. As a whole, the University of Colorado serves a combined population of more than 48,000 full-time equivalent undergraduate, graduate, and professional students. The combined number of regular employees is more than 17,000 faculty and staff. The combined annual budget for the institution is more than $3 billion. University of Colorado Boulder, 1876 The University of Colorado s Boulder campus is a comprehensive graduate research university with selective admission standards. The Boulder campus offers a comprehensive array of undergraduate, master s, and doctoral degree programs. The total full-time equivalent enrollment for the Boulder campus for FY 2014 is 26,179 students. The total number of regular employees for FY 2014 is 17,356, including 3,179 tenured and tenure track faculty, 3,099 non-tenure track faculty, and 1,703 research faculty. The total revenue of the Boulder campus for FY 2014 is $1,290,707,381. Chancellor Phil DiStefano leads the Boulder campus. CU-Boulder is a dynamic community of scholars and learners situated on one of the most spectacular college campuses in the country. It is one of 34 U.S. public institutions belonging to the prestigious Association of American Universities (AAU). CU-Boulder has a proud tradition of academic excellence, and attracts superb faculty, staff and students. The facility includes five Nobel laureates and more than 50 individuals who have been invited to join prestigious academic academies. With strong programs in the sciences, engineering, business, law, music, education, arts, and humanities, this institution is setting the standard for great comprehensive public research universities of the new century. University of Colorado Colorado Springs, 1965 The University of Colorado s Colorado Springs campus is a comprehensive baccalaureate and specialized graduate research university with selective admission standards. The Colorado Springs campus offers liberal arts and sciences, business, engineering, health sciences, and teacher preparation undergraduate degree programs, as well as a selected number of master's and doctoral degree programs. The total full-time equivalent enrollment for the Colorado Springs campus for FY 2014 is 8,471 students. The total number of regular employees for FY 2014 is 1,318, including 238 tenured and tenure track 3

4 faculty,488 non-tenure track faculty, and 36 research faculty. The total revenue of the Colorado Springs campus for FY 2014 is $186,916,921. Chancellor Pam Shockley-Zalabak leads the Colorado Springs campus. Among the fastest growing universities nationally, UCCS is a residential, academic, and research mainstay in Southern Colorado. Collaborations with corporations and federal agencies provide students with innovative, technologically advanced educational opportunities. The spectrum of programs ranges from engineering, business and theater, to a school of nursing with regional outreach programs. University of Colorado Denver, 1973 The University of Colorado s Denver campus is an urban comprehensive undergraduate and graduate research university with selective admission standards. The Denver campus offers baccalaureate, master s, and a limited number of doctoral degree programs, emphasizing those that serve the needs of the Denver metropolitan area. The Denver campus has statewide authority to offer graduate programs in public administration and exclusive authority in architecture and planning. The total full-time equivalent enrollment for the Denver campus for FY 2014 is 10,446 students. The total revenue of the Denver campus for FY 2014 is $246,372,778. Chancellor Don Elliman leads the Denver campus. The Denver campus a member of the Auraria Higher Education Center, which provides shared services and facilities to the three educational institutions located on the Auraria campus CU-Denver has eight schools and colleges and 90 degree programs. This institution awards more master's degrees than any other public institution in Colorado. Located in downtown Denver, CU-Denver offers students access to extensive business, professional and cultural opportunities. University of Colorado Anschutz Medical Campus, 2006 The University of Colorado s Anschutz Medical Campus is located in Aurora, Colorado. The Anschutz Medical Campus Denver offers specialized baccalaureate, first-professional, master s, and doctoral degree programs in health-related disciplines and professions. The Anschutz Medical Campus is affiliated with the University of Colorado hospital and other health care facilities that offer settings for education, clinical practice, and basic and applied research. The Anschutz Medical Campus has exclusive authority to offer degrees in medicine, dentistry, pharmacy, and physical therapy. The total full-time equivalent enrollment for the Anschutz Medical Campus for FY 2014 is 3,729 students. The total revenue of the Anschutz Medical campus for FY 2014 is $1,315,204,263. Chancellor Don Elliman leads the Anschutz Campus in 4

5 coordination with Vice President for Health Affairs and Executive Vice Chancellor Lilly Marks. A state-of-the-art medical center, CU-Anschutz Medical Campus is globally recognized for its research, teaching and clinical programs in medicine, dentistry, pharmacy, public health, physical therapy and nursing. CU-Anschutz Medical Campus is also home to the University of Colorado Hospital and the Children s Hospital Colorado. The CU School of Medicine s roots reach back more than 100 years, when it opened in Boulder. THE OPPORTUNITY The 21 st Century has brought significant changes to the values, delivery systems and business model of higher education in the United States. Like other public universities, the University of Colorado is facing a number of unprecedented changes in its operating environment including; competition for qualified students, innovative online alternatives, pressure to contain tuition costs, and reduced public funding. For all these reasons, the University is aggressively seeking to increase private support. Success in private fundraising requires a compelling mission, skillful cultivation of donors, and exceptional management of donor relationships before, during and after the gift commitment is made. The Foundation plays a critical role as the University s partner in managing and disbursing private support. Key elements of the Foundation mission include: Stewardship: The Foundation manages $1.5 billion of assets with the objective of maximizing the funds available to support the University s many activities and initiatives, while remaining consistent with donor intent. Maintaining the integrity and confidentiality of donor records is fundamental to good stewardship. Accountability: The Foundation assures the integrity of all systems, operations and transactions, including gift and records processing, accounting, auditing, internal controls, financial reporting, gift administration and legal compliance. Service: The Foundation strives to provide exceptional customer service to those who donate to the University of Colorado. It also works in partnership with University s senior leadership to help the University of Colorado leverage its resources and serve the many programs at the University that are beneficiaries of philanthropic donations. Fundraising Support: The Foundation provides significant direct financial support to the University s fundraising efforts. 5

6 POSITION SUMMARY Reporting to the Board of Directors, the President & CEO is responsible for the Foundation s overall performance. The position serves as the primary interface to the senior leadership at the University. The President and CEO: Leads the development and execution of the Foundation s strategic plan, in concert with the Board and University leadership. Communicates the mission of the Foundation, as well as its short-and long-term goals. Supports the Board of Directors as the strategic and fiduciary governing body of the Foundation. Functions as the primary liaison between the Foundation staff and Board. Supports the Board s strong committee structure. Fosters effective working relationships among staff and the Board. Develops and maintains a close working relationship with the University s senior leadership and assures alignment of the Foundation with the University s strategic fundraising goals and initiatives. Assures the smooth functioning of the Foundation s day-to-day support of the University s fundraising efforts. Assures that the Foundation has accurate, timely financial reports and effective accounting systems, processes and controls. Oversees monthly and annual reporting, transaction processing, gift account set-up, internal controls and tax reporting. Monitors the investment performance of the outside managers of the Foundation s investment portfolio according to the policies and procedures established by the Foundation Board and the Investment Policy Committee. Ensures the provision of timely reports and analysis, in concert with the Foundation s investment consultants, to the Board and Investment Policy Committee. Serves as the primary representative of the Foundation in assessing and communicating the University of Colorado s budgetary requests to the Board of Directors for consideration and approval. Responsible for ensuring that the University of Colorado has adhered to the mutuallyagreed upon procedures for budgeting and that the Board of Directors can consider budget requests consistently with its fiduciary obligations and sound business judgment. 6

7 In cooperation with the University of Colorado s gift acceptance staff, negotiates, documents and administers a wide variety of structured gift and fund agreements, ensuring that proposed gifts comply with regulatory requirements, best practices and the policies of the University and the Foundation. Assures that gift proceeds and endowment earnings are provided to their intended beneficiaries at the University in accordance with gift agreements and Foundation policy. Designs and implements effective management and organizational structures. Has demonstrated success in hiring, coaching, collaborating, delegating, problem solving, goal setting and performance evaluation, within a multidisciplinary staff. Has overall responsibility for the Foundation s performance of its obligations to the University under the operating agreement. Maintains stewardship and accountability for the organization s overall operational, ethical, and fiduciary integrity, within the guidelines and policies set by the Board and applicable laws and/or regulations. CANDIDATE PROFILE We seek a proven leader who has a passion for the success of the Foundation s mission. The ideal candidate has had extensive experience and success leading high performance teams that deliver excellent results. This person must exhibit success in collaborating with a wide variety of stakeholders. Experience with matrix management and convening diverse groups of people to address common interests in a collegial, transparent and highly participatory manner is essential. This experience may have been gained in the corporate, public or nonprofit sectors. The successful candidate must be able to demonstrate the ability to understand and operate effectively within a nonprofit governing environment. This person will support an active volunteer Board and committee structure. This executive will be experienced in and enjoys building teams, operations, and systems, to support a growing endowment and investment program, utilizing high standards for timely service, accountability, controls, reporting and accuracy. Ideally, this individual has some knowledge or experience with financial management and nonprofit fundraising practices. 7

8 As the key spokesperson for the Foundation, this individual must have strong oral and written communication skills. High integrity and sound judgment are essential to success in this role. At a minimum, a bachelor s degree from an accredited four-year college or university is expected. A degree at the graduate level is preferred. Applications and nominations are being received by Kittleman & Associates, LLC. To apply, please send a current resume and letter of interest to For more information, please visit the University of Colorado Foundation s website at or the University of Colorado s website at 8

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