COLLEGE OF THE REDWOODS FOUNDATION, INC.

The Board of Trustees will allow the College of the Redwoods Foundation, Inc. to administer all associate student body income and expenditures and income derived from the bookstore, food services, dormitories charges and gifts to the College.

The Board of Trustees will maintain this relationship to allow the fulfillment of the following purposes:

1. To accumulate scholarship and loan funds.

2. To afford and encourage opportunities for the establishment of permanent collections, art endowments, research and educational projects, and otherwise provide aids to education supplementary to State and local tax means for the support and benefit of College of the Redwoods.

3. To solicit funds to acquire, receive by gift, bequest trust, or otherwise, and to hold, encumber and transfer and/or sell or convey, real estate and personal property; to borrow money, incur indebtedness and secure the same by mortgage, pledge, or deed of trust of property, real or personal and to appoint or hire and employ agents and/ or servants; to purchase or otherwise acquire objects of any nature whatsoever, and to sell and exchange the same for the purpose of acquiring other materials or property more desirable, except where restricted or prohibited by the terms of the trust; to conduct expeditions or exploration or scientific quest; to subsidize scientific research, to publish reports, proceedings bulletins or journals of science, education or art, or of divisions thereof; and in general to do any or all things conducive to dissemination of knowledge of science and the arts, or necessary or incidental to the realization of the purposes aforementioned.



Adopted by Board of Trustees: August 15, 1977