ASC and ASC Foundation sign agreement

(11-03-2010)

Adams State College and the Adams State College Foundation recently signed a Memorandum of Understanding. According to Tim Walters, chair of the Board of Trustees for Adams State, the agreement will foster continued cooperation between the two institutions.

The Adams State Foundation, a non-profit established in the 1960s, exists to promote and further the interests, objectives and purposes of the college; to seek and receive gifts, legacies and grants of money or property and to administer such for the benefit of the College; and to provide active leadership, direction and expertise in college fund-raising efforts.

  Tim Walters, chair of the Board of Trustees, and the Foundation Board President Duane Bussey sign a Memorandum of Understanding, on October 26.

Tim Walters, chair of the Board of Trustees, and the Foundation Board President Duane Bussey sign a Memorandum of Understanding, on October 26.

Dr. Dave Svaldi, Adams State president, appreciates the support and hard work, personal donations and time evidenced by the Adams State Foundation Board members. "This agreement defines a basis for future cooperation between ASC and the ASC Foundation and will help both organizations work together more efficiently and effectively."

Speaking on behalf of the Foundation Board, Duane Bussey, board president, said the board understands how important its support role is to Adams State. "We will work hard to grow the assets of the Foundation and keep our mission and goals consistent with the trustees and the administration of the college. Formalizing our working relationship in this Memorandum of Understanding will help us stay focused on our mission and future direction."

Walters believes the commitment of cooperation is important in the current financial climate. "With the coming financial tsunami facing the state and higher education the importance of organizations like the Foundation will be the key to success for our institution."