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Date Posted: 08/18/03 10:35pm
Author: Peter
Author Host/IP: 198.81.26.136
Subject: Re: Foundation
In reply to: BMF 's message, "Re: Foundation" on 08/18/03 9:05pm

I believe the Foundation, is an arm of the university organize to make money, through investing student money, for the university.

President Baker, as far as I know, has the authority to delegate Foundation money when and if he feels it is necessary.

The only way for Bellos to settle this matter with Cal Poly is for Cal Poly to license Bellos as a distributor of university merchandise.

Go POLY!!!!


>I do not know the details... but I am pretty sure the
>students eventually paid for it through their fees...
>However, it's possible that the Foundation fronted
>money via a loan. But, I'd think they'd have zero
>financial liability and probably made money off
>interest.
>
>But thinking back..., wasn't there a 1/3rd, 1/3rd,
>1/3rd deal agreement whereas CP contributed, students,
>and the Foundation contributed equally. Or was one of
>the original partners suppose to be the City and they
>backed out?
>
>Either way, I do not believe the Foundation would
>enter into an agreement without seeing some return.
>They are not there to donate money..., they are an
>exclusive on campus business. Their objective is to
>grow money. If athletics is a wise investment for
>them..., then I would think they'd consider it then.
>
>
>
>
>
>
>
>>Didn't it kick in some significant money for the
>>Sports Complex?

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