| dbo:abstract
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- In the United States, a board often governs institutions of higher education, including private universities, state universities, and community colleges. In each US state, such boards may govern either the state university system, individual colleges and universities, or both. In general, they operate as a board of directors, and they vary by formal name, size, powers, and membership. In some states, members are appointed by the governor. From a legal standpoint, many higher education institutions are corporations; they have separate legal personhood. The corporation is the legal owner of its endowment and other property. The corporation's name might consist of its governing board members' title (for example, The Trustees of Princeton University is a New Jersey nonprofit corporation). These board members (trustees, regents, etc.) are fiduciaries for the corporation. In some cases, the institution might not have separate legal personhood; the trustees transact in their own name with other parties, such as students, faculty, or donors. However, the trustees often utilize a common, enduring title, which enables the trust to operate continuously even as individual trustees change. In some private institutions of higher learning, non-governing boards may also be appointed. These boards' members' duties often include, but are not limited to, major gift cultivation and fundraising. (en)
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| rdfs:comment
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- In the United States, a board often governs institutions of higher education, including private universities, state universities, and community colleges. In each US state, such boards may govern either the state university system, individual colleges and universities, or both. In general, they operate as a board of directors, and they vary by formal name, size, powers, and membership. In some states, members are appointed by the governor. (en)
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