5c: Disbursement Policy

The Foundation is responsible for distributing funds as directed by its donors and to that end the following guidelines are established by the Foundation Board.

  1. The Foundation Board shall distribute funds as indicated by the program and scholarship fund or grant agreements by donors and the Foundation. Disbursements from scholarship and program funds are outlined in the Portland Community College Scholarship and Program Funds Policy.
  2. The Foundation Board shall establish a policy for distributions from endowment funds which is outlined in the Portland Community College Endowment Spending Policy.
  3. Funds given to the Foundation without restrictions are designated for priorities adopted by the Foundation Board.