One of the fundamental responsibilities of a college or university’s Board of Trustees is to ensure that the institution is financially sound. This stability is a target in constant motion, and that movement is influenced by institutional goals, debt limits, reductions in funding, increases in capital demands, and other factors, many often beyond the control of the Board.
Since campus facilities are often the largest single asset of the college or university, it is no surprise that Board members have a keen interest in the stewardship and protection of this valuable asset. So why do campus administrators find it so difficult to have productive, candid conversations about facilities with their Board of Trustees? This report examines this issue and offers solutions to make sure that your Board is on board with facilities.