ºÚÁÏÉçÇø

An important resource for the Chemical, Paper & Biomedical Engineering (CPB) Department regarding industry needs and preparation of undergraduates for assuming productive roles in the paper industry. The committee maintains a close relationship with Department Chair and other appropriate members of faculty, staff, and University personnel.

Oversees the processes for auditing the Foundation's business processes. Report of yearly audits along with committee's comments and recommended actions are presented to Executive Committee.

Identifies the need for adequate endowment funds to support scholarship expenses. Critical functions include organizing endowment fundraising efforts, naming of endowments, and working closely with University Advancement personnel.

Assists the CPB Department and University in maintaining satisfactory enrollment in the paper curriculum. Recommends academic standards for scholarship eligibility and financial value of scholarships from endowment distributions.

Responsible for governance of the Foundation and the status of its relationships with the University. Meets as necessary to review committee actions and provide guidance as needed. Positions are filled by appointment only.

Reviews the adequacy of equipment in the CPB Department, arranges to publicize specific needs, and develops action plans to effect identified improvements. Participates in the effort to secure gifts of needed equipment or funding to purchase it.

Submits annual budget recommendations to Executive Committee and Board of Trustees. Responsible for investment performance of the Directly Managed Endowment of the Foundation, and partners with the University Treasury to oversee performance of the PSEF endowment funds comingled with the ºÚÁÏÉçÇø Endowment. Oversees financial affairs of the Foundation.

Responsible for maintaining adequate levels of corporate and individual memberships. Participates in organizing and conducting corporate membership campaigns. Encourages and supports Alumni Council with its annual campaign. Also responsible for recommending suggested membership contribution level changes to the Board, if needed.

Nominates or re-nominates the class of Trustees whose terms expire at the annual General Membership Meeting, and makes nominations to fill vacancies on the Board of Trustees. Also nominates or re-nominates the slate of officers and Executive Director at the annual meeting of the Board of Trustees.

Responsible for disseminating information about accomplishments, goals, and needs of the Foundation and, directly or indirectly, about the CPB Department, its ºÚÁÏÉçÇøs, and its alumni.