I. Name

The name of the committee shall be the Foundations Committee of the National Association for Kinesiology & Physical Education in Higher Education.

II. Purposes

A. To oversee the finances of the Association.
B. To oversee the office of Executive Secretary/Treasurer and perform an annual review of the Office and personnel.
C. To oversee that the direction of NAKPEHE is consistent with the mission of the Association.
D. To initiate plans for an endowment and other fundraising efforts.
E. To evaluate all existing fiscal policies and recommend change.
F. To aid the Executive Secretary/Treasurer in the construction of the budget.

III. Organization

A. The committee shall be a standing committee of the Association.
B. The committee shall consist of three former Past Presidents, appointed by the President for a three-year term as well as the President of the Association.
C. The chair of the committee shall be the individual with the longest duration of service on the committee and shall be an ex-officio member of the Board of Directors.

IV. Conduct of Business

A. The committee should meet at the annual conference and as many other times as feasible for the purposes of conducting business.
B. The Executive Secretary/Treasurer shall present the annual budget to this committee prior to submittal to the Board of Directors for approval.
C. The committee shall conduct an annual review of the Office of Executive Secretary/Treasurer.
D. The committee shall review the existing fiscal policies of the Association annually and report the results of the review including recommended changes to the Board of Directors.
E. The committee shall oversee all endowment and fundraising efforts. A plan for establishing and endowment shall be presented to the Board of Directors and implemented upon approval of the Board.
F. The committee shall establish the procedures by which it will ensure that the direction of the Association is consistent with its mission. Implementation will follow receipt of approval by the Board of Directors.

V. Reports

The committee shall submit an annual report to the President and the Board of Directors on a specified date. Interim reports shall be submitted upon request of the President or the Executive Committee of the Association.

VI. Financial Support

Expenses of the committee shall be defrayed by the Association within the limitations of the established budget. Additional funds may be requested when necessary.

All receipts for expenses must be submitted to the Executive Secretary/Treasurer no later than February 1st from the previous fiscal year which ends November 30th.

Revised: (Oates, 2005)