{"id":18002,"date":"2017-06-28T15:38:28","date_gmt":"2017-06-28T19:38:28","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/news\/?p=18002"},"modified":"2017-10-12T12:15:15","modified_gmt":"2017-10-12T16:15:15","slug":"agreements-give-uc-foundation-control-destiny","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2017\/06\/agreements-give-uc-foundation-control-destiny\/","title":{"rendered":"Agreements give UC Foundation more ‘control of its own destiny’"},"content":{"rendered":"
\"\"

Rickey McCurry, left, vice president for Development and Alumni Affairs and Programs for the UT System, Bucky Wolford, UC Foundation president, and David Golden, executive assistant to UT System President Joe DiPietro, sign\u00a0 agreements giving the UC Foundation more local autonomy.<\/p><\/div>\n

Two agreements signed June 28\u00a0 give the University of Chattanooga Foundation more \u201ccontrol of its own destiny.\u201d<\/p>\n

The agreements \u2014 technically known as the Affiliation Agreement and the Employee Service Agreement\u2014 shift the responsibility for day-to-day administrative tasks of the UC Foundation from the Knoxville-based University of Tennessee Foundation Inc. to the UTC campus.<\/p>\n

Among those duties are employee management and evaluations, salaries, benefits, spending and relationships with financial donors.<\/p>\n

\u201cThis is transformational\u201d and gives UTC \u201ccontrol of its own destiny,\u201d says Bucky Wolford, the outgoing president of the UC Foundation who has been called the \u201carchitect\u201d of the agreements.<\/p>\n

\u201cWe can raise more dollars and engage more of our alumni at UTC,\u201d says Wolford, who estimates negotiations took about 18 months.<\/p>\n

University of Tennessee System President Joe DiPietro couldn\u2019t be at the signing ceremony, held in the UTC Office of Development building, but in a text he told Wolford: \u201cCongratulations and thanks for all the help, patience and cooperation we have gotten from you to this day.\u201d<\/p>\n

DiPietro has been instrumental in discussions about the new agreements and has lent his continuing \u201csupport and faith in the UC Foundation,\u201d says Bryan Rowland, executive director of the UC Foundation and vice chancellor for Development and Alumni Affairs at UTC.<\/p>\n

The new arrangement gives \u201cadded flexibility to manage the finances of the UC Foundation locally for the benefit of the students, faculty, staff and alumni of UTC,\u201d he says.<\/p>\n

Since the UC Foundation\u2019s creation in 1969, it has given about $118 million to UTC through endowments. As of March 31, the foundation\u2019s endowment was about $127 million, records show.\u00a0Its initiatives include funding faculty development, student scholarships and partnerships between UTC and others in the Chattanooga community.<\/p>\n

UC Foundation supporters will see no changes in the way it handles donations, Rowland says. If you give $100 to the foundation, for instance, the money will still fund programs, scholarships and other UTC-specific goals, he says.<\/p>\n

The UC Foundation also will continue to participate in development programs that stretch across the entire UT system, says Rickey McCurry, vice president for Development and Alumni Affairs and Programs for the system and president and CEO of the UT Foundation. The new setup simply gives \u201cclarity\u201d to the UC Foundation\u2019s fundraising efforts so it can \u201crespond more quickly to donors and supporters,\u201d he says.<\/p>\n

The relationship between the UC Foundation and UTC Chancellor Steven Angle also remains \u201cvery strong and mutually beneficial,\u201d Rowland says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two recently signed agreements give the University of Chattanooga Foundation more \u201ccontrol of its own destiny.\u201d<\/p>\n

Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1105,"featured_media":18005,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123864,3,64],"tags":[50264,4953,5006],"class_list":{"0":"post-18002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-advancement-and-alumni","8":"category-community","9":"category-news","10":"tag-bucky-wolford","11":"tag-uc-foundation","12":"tag-ut-system","13":"entry"},"yoast_head":"\nAgreements give UC Foundation more 'control of its own destiny' | UTC News Archive: Jul 2007 - 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